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Maryland releases details of Mike Locksley’s 5-year, $12.5 million-plus contract with Terps
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New Maryland football coach Mike Locksley has officially inked the dotted line.
According to the Baltimore Sun, Locksley will make $2.5 million in his first year with the Terrapins, plus up to $775,000 in performance incentives, including $100,000 for participating in the Big Ten championship game and an additional $50,000 if they win. He’ll receive access to his own suite at Maryland Stadium, 24 regular-season tickets for each home and away game, with the same number for a bowl game; four season tickets for men’s basketball games; and four season tickets for women’s basketball games. He also gets two VIP parking passes for Maryland Stadium and one VIP pass for other campus venues where applicable.
Locksley will have an annual base salary of $500,000 and annual supplemental income of $2 million, the latter of which will increase by $100,000 each year. Additionally, his five-year deal will automatically be extended by a year if he is still the head coach on the day after the 2019 regular season; which would run through Dec. 31, 2024.
You can see full details of the contract here.
Tyler has covered college football on a freelance basis since 2010. In addition to Saturday Football, his work has been featured on ESPN Radio, Bleacher Report, Yahoo! Sports, Cox Media Group, Athlon Sports, and more.