Sean Miller To Forfeit $1 Million If Criminally Charged Or Found Guilty Of NCAA ViolationTop Stories

April 04, 2018 19:41
Sean Miller To Forfeit $1 Million If Criminally Charged Or Found Guilty Of NCAA Violation

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Arizona's head men's basketball coach Sean Miller would have to pay penalty $1 million if he commits a major NCAA violation, even if he is criminally charged related to his employment, under an revised contract going before the Arizona Board of Regents for approval this week

“With this contract addition, Coach Miller has demonstrated his commitment to a program that follows the rules and the university has made it clear that it expects no less," said Tony Proudfoot- spokesman for the University of Arizona.

This is in addition to "claw back" provisions that exist already in Miller's contract if he were to be dismissed for cause. His current contract allows the university to take back any bonuses. He can take back up to $300,000 for major or repetitive NCAA violations.

The new agreement language comes after a tumultuous year for the Wildcats that witnessed Miller's long-time assistant, Emanuel "Book" Richardson, accused for bribery and fraud as part of a widespread FBI inquiry into NCAA basketball.

Miller himself was the controversial topic of a February ESPN article, alleging FBI wiretaps heard him talking with a sports agent about bribing and paying $100,000 to safeguard star player Deandre Ayton signed with the Wildcats. An attorney has denied any payment for the Ayton family, and Miller has called the accusations "false and defamatory."

Contracts are typically reviewed annually

The regents, who oversee Arizona's three state universities, stereotypically review the multiyear contracts of head football and basketball coaches yearly. They may add new contract language or choose to extend the number of years to uphold five-year contracts.

Miller's contract was last restructured in February 2017. The $1 million penalty is the major change to his contract this year.

As per the new terms, the $1 million would come out of a "longevity bonus" in store that was arranged by a private donor for Miller in 2014 and is due to be funded to him in May 2020. As of Tuesday, Miller's consigned share in the stock, Andeavor Logistics LP, was worth $4.1 million.

Documents untaken to the regents this week also, for the first time, publicly recognize the name of the company that holds Miller's long term stock.

Until now, neither the University of Arizona nor the regents have publicly disclosed the company's name, even though the news media had previously reported Western Refining Logistics as the name of the company. In October, Andeavor Logistics took over Western Logistics.

Miller's other contract terms are to remain the same. His employment will continue to run through May 31, 2022 with annual increases of $100,000 over the next three years in order to bring his guaranteed compensation to minimum $2.9 million a year.

As per the news from AZCentral,

Here's how his compensation breaks down:

- His base salary of $1.5 million increases by $100,000 annually, from July 2018 through July 2020.

- He earns another $700,000 a year in related compensation for radio and television and speaking engagements.

- He has endorsement deals worth $400,000 a year with Nike and IMG, which is a sports, entertainment and media company.

- Miller can earn bonuses if the team wins a certain number of games and the players have a certain cumulative GPA.

Miller's salary arises from two main sources: endorsement deals and athletic-department revenues. He doesn't get funded from tuition or state funds.

The men's basketball program is a major money-maker for the athletics department, second only to football. Men's basketball brought in $23 million in revenues in fiscal 2017 and, after expenses, netted $12.7 million.

That profit, together with profits from football, helps support other UA athletic programs.

- By Kavita R

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