Football: Contract extension 'in the works' for UL coach Napier
Tim Buckley, The Advertiser, July 28, 2019
A one-year contract extension is “in the works” for UL football coach Billy Napier, a source said Thursday.
The extension means Napier’s current deal, originally a five-year contract running through the end of 2022, will now run through the end of 2023.
The one-year extension was triggered by a clause in the contract that says “parties may mutually agree in writing” to it “if, after the first year of this Contract,” UL’s athletic director (currently Bryan Maggard) or his designee “determines Coach has met all annual performance targets after an annual evaluation.”
The performance targets are not specified. Neither are buyout terms for the new sixth year of the deal.
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Napier’s current contract went into effect on Jan. 1, 2018, and was valued at $756,960 guaranteed in the first year of the deal, including a $500,000 contingent premium benefit funded by the Ragin’ Cajun Athletic Foundation, a $6,000 annual car allowance and a $960 cell phone allowance.
The contract calls for his base salary of $250,000 to increase by $25,000 in subsequent years through 2022.
According to terms of the deal, his base salary in the 2023 extension year will be “no less than” $350,000 — meaning $1,106,960 minimum guaranteed, plus incentive-based bonuses.
Last season, Napier’s bonuses included $25,000 because UL — which finished his first year as head coach 7-7 — made it to the Sun Belt Conference championship game and another $25,000 because the Cajuns played in the Sun Belt-affiliated Cure Bowl in Orlando.
He missed out on a $50,000 bonus because the Cajuns did not win the title game, which they lost to Appalachian State.
The Athletic’s Bruce Feldman reported this week on Twitter that the extension was being “finalized.”
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