Arkansas coach Chad Morris finally signed a contract this week, despite being hired last December.
Morris’ deal pays him about $3.5 million per year through 2023, according to the Arkansas Democrat Gazette. His contract also reportedly includes bonuses.
Morris can earn up to $1 million in competition-based bonuses and $200,000 in academic-based bonuses each year. He is also eligible for three retention payments of $500,000 each if no serious NCAA violations occur and the school does not land on NCAA probation at the time the payments are due in February of 2019, 2021 and 2023.
There are also contingencies if Morris gets fired or resigns from the school before his contract runs out. Morris will receive 70 percent of his yearly salary if he gets fired before the final day of 2022. But he gets the full amount if he is let go on or after Jan. 1, 2023. If Morris leaves the school for another coaching job before Dec. 31, 2019, he would owe Arkansas $3 million, and decreasing amounts each year after that.