Amendments to the contracts of new women’s basketball coach Nikki Caldwell and co-swimming and diving head coaches David Geyer and Doug Shaffer are part of the agenda Friday at the LSU Board of Supervisors meeting.
The contract Vice Chancellor/Director of Athletics Joe Alleva has recommended for Caldwell calls for her to earn $350,000 in annual base salary plus $350,000 annually for making radio, TV and Internet appearances The contract is for five years. In addition to the $700,000 in guaranteed salary, Caldwell is eligible to make up to $500,000 in postseason incentive compensation and $50,000 in academic incentive compensation.
Caldwell, who left UCLA in April to replace Van Chancellor as LSU’s coach, will also receive fringe benefits such as a car allowance and club membership and will receive expenses relating to her relocation to Baton Rouge.
The Tiger Athletic Foundation will contribute $170,000 toward the buyout of her UCLA contract.
If LSU terminates Caldwell’s five-year contract early, Caldwell would receive liquidating damages on a sliding scale starting at $1 million in her first year down to $250,000 in her fifth.
A former star player at the University of Tennessee, Caldwell went 72-26 at UCLA in three seasons and led the Bruins to a pair of NCAA tournament berths.
The proposed contracts for Geyer and Shaffer, who were promoted in April 2010 after serving a combined 13 seasons as LSU assistants, come a year after the two signed one-year deals worth $70,000 apiece. Under the new three-year contracts, Geyer and Shaffer both would earn $80,000 in the first year (not including postseason incentives, academic incentives or non-guaranteed supplemental compensation) with automatic salary increases to $84,000 for 2012-13 and $88,000 in 2013-14.
Before being promoted to co-head coaches, Geyer spent five years as an assistant and Shaffer eight. The duo led the men’s swimming and diving team to a fifth-place finish at the Southeastern Conference meet, LSU’s highest since 2000. The women were 14th at the NCAA meet for their highest finish since 1993.
The athletic department covers contract expenses with no state general fund or tuition money used.
A proposed one-year extension for men’s basketball coach Trent Johnson was also on Friday’s agenda, but the item has been sent back to campus for further discussion.