Not all long-term contracts are created equal. Every deal is negotiated a little differently, and each has different stipulations to dive into.
Here are some of the details obtained by Jacob Unruh of the Oklahoman regarding OSU men’s basketball coach Mike Boynton’s seven-year extension.
Beginning in July, Boynton’s bank account will be bolstered. He will get $2.1 million on the first of July — an annual amount which will continue through the 2027-28 season.
Additionally, Boynton’s $100 thousand stay benefit is bumped up to $500 thousand dollars per year under the new deal.
If fired in his first three seasons, Boynton’s buyout will be 75% of his contract.