By By Eben Novy-Williams, Daniel Libit, Sportico:
Sean Miller’s firing from the University of Arizona will cap the well on one of the most unique coaching contracts in all of college basketball.
Miller’s employment contract includes a series of longevity bonuses tied to the performance of a publicly traded oil-and-gas venture. The school said Wednesday that it will honor the remainder of the deal, suggesting that next year Miller will be due a payment equal to the value of nearly 30,000 fully-vested shares in MPLX LP currently held by the university’s foundation. That’s worth $781,929 based off today’s prices, but those shares won’t be sold and the money won’t be distributed until May 2022.
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Latest posts by News Feed (see all)
- Washington QB Dermaricus Davis enters NCAA Transfer Portal - April 26, 2024
- 2024 NFL Mock Draft for Day 2: Spencer Rattler next QB off board, WRs galore - April 26, 2024
- Jaylen Wells enters transfer portal, WSU hoops down to two returning players - April 26, 2024