By the numbers: Will Healy’s contract and buyout

by Nov 16, 2020Football

Credit: Melissa Melvin-Rodriguez, Charlotte Observer

Photo Credit: Melissa Melvin Rodriguez, Charlotte Observer

Let’s talk compensation and buyout details

First things first, here are the links to Charlotte 49ers Football coach Will Healy’s initial contract (memorandum of understanding) and then his extension.

First Contract (MOU)
Extension

The current contract runs through January 31, 2026.

Compensation info:

  • Base salary is $505,000
  • Additional compensations via Athletic Foundation is $250,000
  • Retention bonus of $50,000 is due if employed at Charlotte on February 15 in 2021, 2022 and 2023.

Without factoring in on-the-field bonuses or perks (cell phone, country club membership, car, etc), Will Healy is set to earn $805,000 per year as of now.

photo credit: chris crews

Buyout information:

Should Will Healy leave for another job, he will owe Charlotte 1.0 times his base salary, which is $505,000 and forfeit any unpaid additional compensation. Additionally, if Healy leaves for another FBS program, that program will owe Charlotte a home-and-home within 6 years. That program can buyout said series and the cost will equal that of his buyout amount. Potentially Charlotte could net up to $1,010,000 from someone hiring Healy away.

Should Charlotte fire Will Healy, the university will owe him his base salary ($505,000) throughout the remainder of his contract (January 31, 2026), plus any earned incentives that have not yet been paid.

Important detail: “If coach obtains new employment, University’s financial obligations will be reduced by the total compensation received by coach.” — Whatever Healy would earn elsewhere (no specific job/role defined) would offset what is owed to him by Charlotte.

If fired after:
2022 season – approximately $1,515,000
2023 season – approximately $1,010,000
2024 season – approximately $505,000
2025 season – approximately $42,083.33 x months remaining

Incentives:

Regular season incentives:

Final Top 25 AP or Coaches Ranking: $35,000
Final Top 15 AP or Coaches Ranking: $50,000
Final Top 10 AP or Coaches Ranking: $75,000
Win over a Top 25 Power 5 Team: $20,000
C-USA Division Championship (win/tie): $15,000

Postseason play incentives:

C-USA Championship Game Win: $25,000
At-large Bowl Selection: $25,000
Bowl Game Win: $30,000
CFP New Year’s Six Bowl (Group of 5 representative): $100,000
CFP Semifinal Appearance: $250,000
National Championship Game Appearance: $250,000
National Championship Win: $500,000
C-USA or AFCA Region Coach of the Year: $20,000
National Coach of the Year: $30,000

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