After Jay Norvell left Nevada for Colorado State, he inked a deal that catapulted him into the ranks of the highest-paid coaches in the Mountain West. This contract grants him increased flexibility when it comes to staffing decisions and sweetens the pot with bonuses tied to specific accomplishments each year.
The Colorado State football team officially welcomed Jay Norvell as the 24th head coach. Norvell’s contract is set for a five-year duration, commencing on December 6, 2021, and concluding on December 31, 2026. Below, we’ll outline the specifics of the term sheet for the 58-year-old Norvell.
Contents
Jay Norvell’s Contract Breakdown
We must delve into the contract breakdown of Joy Norvell’s to completely check the earnings from this five-year contract. Here is the breakdown of the key components.
Base Salary: Jay Norvell will receive a total of $9 million from this 5-year deal with CSU. The base salary of Norvell started from $1.6 million and increased by $100,000 every year for a salary of $2 million by 2026.
Signing Bonus: AS of now, there is no such information about a signing bonus. But for various different achievements, bonuses come into play. On his contract, Norvell gets a bonus for conference games, bowl games, overall games, and playoff conferences.
Guaranteed Money: Without any bonuses, Norvell will receive a total amount of $9 million in his 5-year contract. If the university puts an end to the contract without any strong reason then Norvell will get $3 million in the 2023 year, $2.5 million in the 2024 year, and $1.5 million in the 2025 year.
Jay Norvell’s Bonuses for Conference, Bowl Game, And Award Bonuses
The details of Jay Norvell’s bonuses for Conference, Bowl Game, and Award are mentioned below.
Conference Bonuses
- For winning four conference games- $25,000
- For winning five conference games- $25,000
- For winning six conference games- $50,000
- For winning seven games in a season- $50,000
- For winning eight games in a season- $50,000
- For winning nine games in a season- $50,000
- For winning 10 or more games in a season- $50,000
- For reaching the conference championship game- $50,000
- For winning the conference championship game- $50,000
Award Bonuses
Here is the breakdown of Award Bonuses for Jay Norvell.
- For being named conference coach of the year once- $25,000
- For being named conference coach of the year twice- $50,000
- For being named conference coach of the year three times- $75,000
- For being named conference coach of the year four times- $100,000
- For being named conference coach of the year five times- $125,000
- For being named national coach of the year- $100,000
Bowl Game/Playoff Bonuses
- For reaching bowl game- $50,000
- For winning a bowl game- $50,000
- For College Football Playoff “host bowl” selection- $100,000
- For College Football Playoff semifinal selection- $150,000
- For playing in the College Football Playoff final- $200,000
- For winning the College Football Playoff- $100,000
Net Worth Of Jay Norvell
When it comes to Jay Norvell’s financial standing, his net worth is estimated to be $10 million. Now, let’s break down his compensation package: Initially, his basic pay started at $1.6 million, and it’s slated to rise by $100,000 annually, reaching $2 million by the year 2026.
It’s important to note that if Norvell were to part ways with the Rams, Colorado State would be entitled to comparable sums in accordance with their agreement.
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