Clemson’s head coach Dabo Swinney signed a record-breaking $115 million contract over 10 years on Thursday. Through the 2031 football season, the new and improved deal will pay an annual average of $11.5 million. Swinney’s 2022 salary is slated to be $10.5 million, second only to Nick Saban, coach, of Alabama, whose new contract will pay him $10.7 million.
Saban’s contract continues until the year 2030, and he’ll get an annual average of $11.7 million during that time. In July, Kirby Smart, the Georgia Bulldogs’ head coach, inked a 10-year, $112.5 million contract, for an annual average of $11.2 million.
— Bleacher Report (@BleacherReport) September 8, 2022
Six of the eight national titles awarded since the inception of the College Football Playoff have gone to teams coached by Swinney, Saban, and Smart. Swinney is entering his 15th season as Clemson’s head coach, having begun in an interim capacity in 2008.
During his tenure, Clemson has won two national championships and seven ACC championships. Swinney’s 151 victories in his first 15 years as a head coach ranks him third in FBS history, behind only Urban Meyer (165) and Bob Stoops (153). (160).
— Matt Connolly (@MattOnClemson) September 8, 2022
As Swinney put it in a statement, “it is hard for me to believe I am in my 14th full season as your head coach, and I am eternally grateful and honored for the chance to continue coaching and developing young people of quality at Clemson.”
“While I am certainly proud of our accomplishments on the field, the most rewarding part remains the relationships forged within this program and the ability to positively impact the” “This agreement is representative of what has been collectively built here and the success we’ve had both academically and athletically.
It is a reflection of the All In the commitment of so many people, including our players, our staff, our fans, our administration, and our University leadership.”The term deal specifies a $9 million buyout if Swinney leaves to become Alabama’s head coach in 2022, and a $6 million buyout if he leaves for another collegiate school in the same year. If he left for a head coaching position in the NFL, he would not have any financial obligations. With each passing year, the buyout price drops.
Swinney would be owed $64 million in 2022 and 2023, $60 million in 2024 and 2025, and $57 million in 2026 if he were to be fired from Clemson without reason. Over the final several years of the contract, he would get the full amount of residual remuneration.
He will not receive a buyout if he is terminated for cause. Clemson boosted his maximum bonuses from $1.05 million to $1.5 million, adding a $150,000 bonus for a CFP appearance (post-expansion), and increased his bonuses for making the semi-finals ($50,000), the finals ($50,000), and the title ($100,000).
Clemson football and Coach Swinney’s leadership are a vital driver for our university, and I am grateful for the support from the Board of Trustees to President Clements to guarantee we can continue to build on a stable basis,” said athletic director Graham Neff in a statement. The best is yet to come, so it’s crucial that Clemson keeps pouring money into the football team and keeps its head coach around for a long period.
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