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Don O'Brien Quincy Herald - Whig Sports Editor did a good job being persistent until he was able to acquire Mo's contract.
http://www.whig.com/images/MolinariContract.pdf
Don is a good guy even if he did graduate from Eastern Illinois after being a Galesburg Silver Streak!!!
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The goof ball that I am I took a look at all 18 pages of the contract! I would say that WIU is very serious and interested in having a winning men's basketball program in the near future. I would imagine that Brophy Hall will end up being the basketball practice facility for the men and the women in the near future. Probably the best place to install a wood floor although you never know, they could build a building to get it done also.
This does not surprise me in any way. I would love to see him get it done and reap the listed benefits.
Rumor has it that he has his assistants set.
I say "Go Mo Go!"
jc
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Interesting reading. Nice salary and annual raises. I'm a little surprised in the length of the agreement. I would also agree that Brophy would probably be the only location that a wood floor could be installed for practice. I sure hope "Mo" qualifies for a lot of the different bonuses offered his way. if he does, we will be pleased alumni and supporters of the Men's B-Ball team. I always knew that camps were a money generating source. Hope his a true camp where players get something out of it. I found it also interesting that Mo gets 20 season tickets free of charge. That alone would raise the average attendance to last year by 9.7 % if they attend. I also found the Scheduling responsibility interesting where as Mo is the primary responsible person for finding non-conferance foes that will generate $150,000.00 in guaranteed revenues for 08-09 and all subsequent seasons. Lastly, I found it interesting how much money he has available to staff his Asst. I'm glad it will increase from 2 asst. to 3 after 2 years.
B-Ball Fan
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Having been in education, I remember my salary listed in the paper!
Others:
The AD-118K+
Patterson-110K+
Crane-96K+
Orban,Roche-81K+
Hyman-41K+
Mundt-33K+
Guinn-28K+
Hendrickson-73K+
Others can be found in article. Those above might be of interest to fans.
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| For those not checking the site. Molinari base of 116K+- bunch of incentives. Paper listed it as a eight year contract valued at 1.1 mil.
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The article about Mo's contract courtesy of the Quincy Herald-Whig:
Leathernecks basketball coach will be $1 million man!!
By DON O'BRIEN
Quincy Herald-Whig Sports Editor
The Herald-Whig backs the Leathernecks!
When he hired Jim Molinari, Western Illinois University athletic director Tim Van Alstine said his new men's basketball coach would have the time and the resources to turn the Leathernecks' program around.
Earlier this week, Molinari officially signed an eight-year contract worth $1.1 million to lead a program that has never been to the NCAA Tournament. The contract will keep Molinari at the Macomb school through the 2015-16 season.
Molinari, 53, becomes the highest paid coach at the school with a base salary of $116,000. His contract, which was obtained by The Herald-Whig through the Freedom of Information Act, calls for an annual salary increase of $6,000 per year throughout the balance of the deal. His base salary will be at least $160,000 in its final year.
Neither Molinari nor Val Alstine were available for comment this morning.
Should Molinari, who led Northern Illinois and Bradley to the NCAA Tournament during his time at those schools, find similar success at WIU, he'll profit nicely. Should the Leathernecks reach the NCAA Tournament, he'll receive supplemental compensation of 5 percent of his base salary -- a $5,800 bonus if he were to do that this season -- and an additional 10 percent for each round the team advances.
An NIT bid would net him a $5,000 bonus with an additional $2,500 for each round the team advances. A College Basketball Invitational bid would net Molinari a $3,000 bonus and $1,500 for each round the team advances.
Should WIU win or share the Summit League regular-season title, Molinari would get a $5,000 bonus. A Summit League Tournament championship is also worth $5,000, while a Summit League Coach of the Year honor would mean a one-time payment of 5 percent of his base salary.
Molinari can also earn as much as $5,000 more per season should his players meet certain grade-point average goals.
Should Molinari be hired away by another college or NBA team during his first four seasons, his buyout would be equal to the amount of his base salary for that season. The school can terminate Molinari's contract without cause, but must pay him through the end of the deal, which expires on March 31, 2016.
Despite being on the job since his April 11 hire, Molinari has not hired any assistant coaches. He'll have a $100,000 budget to work with to hire two assistants. The program will also be allowed two graduate assistants. A third assistant coach will be added during the 2010-11 season, while a director of basketball operations will be added during the 2012-13 season.
The school has also agreed to build a wooden practice court, at a campus location to be determined, for the basketball programs. The upgrade is scheduled to be completed no later than the end of Molinari's third year.
Molinari replaced Derek Thomas, who averaged just eight wins per season during his five-year tenure at the school. Thomas, who had a 40-104 record, was budgeted to make $107,544 this fiscal year.
The Leathernecks haven't had a winning season since the 1998-99 campaign. The program has just two 20-win seasons since is joined the Division I ranks in 1981.
In 14 years as a head coach, Molinari has a 223-186 record. He's best known for his time at nearby Bradley University. In 11 seasons at the Peoria school, Molinari led the program to the postseason six times, including an NCAA Tournament bid in 1996. He coached at Northern Illinois for two years, leading the school to an NCAA bid in his final season in 1991.
One WESTERN. All Leathernecks !!
Go Leathernecks !!
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| Thank goodness for someone to find this out. Too bad the local paper here in Macomb can't do the samething. I don't like the contract. Too long and the payout WIU has to pay if he is let go, is too costly. I will wait and see what happens, but I don't expect much.
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