Comments on: Hamilton Gets a New Deal

By: Jason Belzer

Jason Belzer — Mon, 24 Aug 2009 02:02:45 +0000

An agent will make 3-5% on the full consideration on the contract, including base + PR + endorsements. If the agent negotiates the endorsements separately (which he usually doesn’t if the school wants it to go through them) he may obtain 20% on that portion of the contract. As for the incentive bonuses, that is a 3-5% commission as well, which will obviously accrue if they are achieved.

Justin pointed out the reasoning behind the tournament escalators. Once you make the Final 4, its already a pretty big deal… winning the NC is just icing on the cake. What is unique about Hamilton’s K is that the escalators compound (i.e. the money continues to add for each round he wins). Usually whatever bonus a coach gets for winning tourney games will increase only slightly per round and cancel out anything that came before it.

There is most definitely a longevity clause in the K as well which should give Hamilton a significant bonus if he is still the coach in 2014.

By: Tyler Kourajian

Tyler Kourajian — Mon, 24 Aug 2009 00:55:23 +0000

so the agent who negotiates this contract gets a percentage of what parts? and for coaching contracts is it typically in the 3-5% range? thanks, this was a very informative post.

By: Darren Heitner

Darren Heitner — Sat, 22 Aug 2009 23:13:20 +0000

I didn’t negotiate the deal. I didn’t even write the post.

By: Whitteey

Whitteey — Sat, 22 Aug 2009 22:45:11 +0000

Darren!!

Great JOB once AGAIN:)

During the Negotiations of this Contract were the Details pretty much set? What part of the Contract were you able Negotiate? Was there anything in the Contract that you weren’t able to get for your Client? If you did get what you wanted what was it? Like I said GREAT JOB:)

Thanks
WHITTEEY;)

By: Justin Herzig

Justin Herzig — Thu, 20 Aug 2009 19:05:38 +0000

@Guest

If Hamilton leads the Seminoles to the Final Four, he will be receiving the money for getting into the NCAA Tourney, making the Sweet 16, Elite 8, and the Final Four. The national publicity gained for making the final 4 is huge, incomparable to losing in the Elite 8.

The university is willing to pay that $100,000 to gain that whole week of national publicity that would occur between the Elite 8 game and playing in the semis/finals. While winning the championship is nice as well, and hence there is a bonus for that, the amount of exposure from winning does not increase as significantly as going from the Elite 8 to the Final 4.

Either way, it's still not a bad payday.

By: bevo

bevo — Thu, 20 Aug 2009 17:26:22 +0000

Any chance you want to represent faculty?

By: guest

guest — Thu, 20 Aug 2009 17:18:04 +0000

Does it seem strange that he makes less for winning the championship than for a Final Four berth?

Also, couldn't they at least PRETEND that graduation rates are important and bump those grad rate bonuses a little higher?