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Utah Utes head coach Kyle Whittingham talks with attendees prior to the 22 Forever game scrimmage in Salt Lake City on Saturday, April 13, 2024. | Jeffrey D. Allred, Deseret News
Over 20 seasons, Utah coach Kyle Whittingham has built his football program into a consistent force in the West, and he’s being rewarded handsomely for it.
Per his last available contract amendment, signed in 2022, the longtime Ute coach is set to make $6,525,000 this year, making him the highest-paid state employee in Utah — $5,025,000 will be paid from the university, $1 million will be paid from the school’s multimedia rights holder, JMI Sports, and $500,000 will be paid from apparel sponsor Under Armour.
Led by Whittingham, Utah’s football program brought in $92,544,582 of revenue for the athletic department in fiscal year 2023, per university financial filings, and had $51,843,385 of expenses — a net profit of $40,701,197 that helped fund the rest of the university’s athletic budget.
In 2024, Whittingham will earn a base salary of $5 million, a $300,000 increase from 2023.
Whittingham earned a $25,000 retention bonus for remaining employed by the university on Jan. 15, and will receive $1 million from JMI Sports “for the use of his name, image and likeness.” He will also get $500,000 from Under Armour for “the use of his name, image and likeness in the promotion of the Outfitter and its products.”
Those guaranteed payments, including the retention bonus, add up to $6,525,000, but there is the opportunity for Whittingham to earn even more based on his team’s performance in 2024.
He’ll receive a bonus of $400,000 if Utah makes it to a New Year’s Six or College Football Playoff game, plus an additional bonus of $100,000 if the Utes win a New Year’s Six bowl game. If the Utes participate in any other bowl game,…
Source link : https://sports.yahoo.com/does-kyle-whittingham-contract-stack-030000113.html
Author : Deseret News
Publish date : 2024-07-18 03:00:00
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