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Rodríguez agreed to 6-year deal worth $2.5M a year

ANN ARBOR, Jan. 20, 2008 (AP): Rich Rodríguez agreed to six-year deal worth $2.5 million annually when he left West Virginia last month for Michigan, school spokesman Bruce Madej confirmed Sunday.

The contract, which has not been finalized or signed, also includes a $4 million buyout. West Virginia has sued Rodríguez to collect on a $4 million buyout clause in his contract.

When Rodríguez was introduced as Michigan’s new coach on Dec. 17, school officials declined to comment on any details of the deal.

The Ann Arbor News reported Rodríguez signed a letter of intent on Dec. 16, the day before his first news conference in Ann Arbor, after obtaining several parameters of the contract through a public records request.

Rodríguez’s buyout decreases by $500,000 in each year of the deal, the newspaper reported, and he can earn a $300,000 bonus if Michigan wins a national championship and $200,000 if it plays in a Bowl Championship Series game.

The Associated Press made a public records request last month for Rodríguez’s signed contract.

 

 

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