Aaron Fearne’s Contract Details

by Feb 22, 2024Basketball

Photo Credit: Charlotte Observer

Now that my Freedom of Information Act request has been fulfilled, let’s take a look at the fully executed contract for newly minted Charlotte 49ers Men’s Basketball Head Coach, Aaron Fearne. Quick top level: 5- year deal, $750,000 per year. Show me the buyout info.


HIGHLIGHTS

  • 5-year term, ending April 30, 2029
  • Base Salary = $500,000 per year
  • Supplemental = $250,000 per year
  • One-time $50,000 payment at the execution of this deal
  • $750.00 per month for automobile and a credit card for fuel expenses
  • 10 lower level seats for Men’s Basketball at Halton Arena, plus 5 upper level seats as well
  • 6 football season tickets for all home games

Potential Bonuses

  • 10% of annual base salary ($50,000) with an NCAA appearance
  • An additional 10% of annual base salary per each NCAA tournament win
  • Win or Tie AAC Regular season championship = $25,000
  • $10,000 for NIT appearance, with additional $20,000 for NIT Semifinal appearance, or $25,000 for NIT Finals appearance
  • End year with a Top 15 ranking in USA Today Coaches’ Poll or AP Poll, $25,000
  • End year with a Top 16-25 ranking in USA Today Coaches’ Poll or AP Poll, $10,000
  • Named AAC Coach of the Year, $20,000
  • Named Naismith National Coach of the Year, $50,000
  • For up to two home games played in Halton Arena against teams from the ACC, SEC, PAC 12, Big 10, Big 12, or Big East conferences, $5,000 per game
  • For each win over an autonomy conference (as defined by NCAA), $5,000
  • $5,000 per win over Top 25 ranked team (at time of game)
  • $10,000 per each student athlete named First Team All-American by AP, USBWA, NABC, or Sporting News, or who wins John Wooden Award
  • $15,000 if Academic Progress Rate (APR) is 970 or higher (on a four-year rolling basis)

Assistant salary pool

Only a nominal change here as of now. Currently, Charlotte’s annual assistant pool consisting of three assistant coaches, director of
player development, director of operations, director of scouting, strength coach, and assistant director of basketball operations, is making $712,832. This pool will increase to $722,500 and will be reviewed periodically by Coach Fearne and Mike Hill.


Buyout Details

These are the terms for termination without cause by the UNIVERSITY. University would owe full contract (base + supplemental + any earned bonuses). Any salary earned by coach at the college or professional level in the United States or elsewhere, will offset. Additionally, should coach move to a TV/Radio role, that compensation would also offset what the University owes him.

These are the terms for termination by COACH prior to expiration:

  • $2,500,000, if Coach terminates this Agreement on or before April 30, 2024
  • $2,000,000, if Coach terminates this Agreement between May 1, 2024, and April 30, 2025
  • $1,500,000, if Coach terminates this Agreement between May 1, 2025, and April 30, 2026
  • $1,000,000, if Coach terminates this Agreement between May 1, 2026, and April 30, 2027
  • $500,000, if Coach terminates this Agreement between May 1, 2027, and April 30, 2028
  • if Coach terminates this Agreement between May 1, 2028, and April 31, 2029, an amount equal to the Base Salary multiplied by the number of full and partial months remaining under this Agreement or any renewals thereof.

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