11/7/2009: I’ll be brave, and post this from Ron Bellamy at the RG before kickoff, on Chip Kelly’s new contract.
Chip Kelly’s first contract as a head football coach will pay him an annual guaranteed salary of $1.25 million this season and next, plus a share of Oregon’s season ticket sales, and offer a myriad of bonuses for performance on the field and in the classroom.
The contract, signed by Kelly on Oct. 26 and by UO President Richard Lariviere on Thursday, was released to The Register-Guard on Friday in response to a public records request.
Kelly will receive a share of season ticket sales, two-tenths of a percent this season and moving to a sliding scale next season — 3.25 percent for gross sales of $13 million or less and 1.65 percent of sales exceeding $13 million.
I’m no economist, but you don’t have to understand collusion to understand why college coaches earn this much money and college players earn zero. The NCAA has a myriad of rules designed to make sure of this – they even require players who want to switch schools to redshirt for a year. Chip Kelly seems like a great guy, but the NCAA set this system up to make sure that every possible dollar of profits goes to the coaches, not the students, players, or universities. It smells rotten and it is rotten.