Jeff Boals Signs Five-Year Contract With Ohio: Salary, Buyout, Incentives

Former Stony Brook Coach Jeff Boals signed a five-year contract with Ohio in the offseason that terminates on April 1, 2024. Boals will earn an annual base salary of $581,000.

He also received a $25,000 signing bonus and Ohio University paid Stony Brook a $50,000 buyout.

Boals’ assistant coach salary pool is $341,000 for three assistant coaches.

Boals can earn additional compensation from performance-based incentives:

  • If Ohio has a winning conference record: $5,000
  • If Boals wins MAC Coach of the Year: $5,000
  • If Ohio reaches an agreed-upon APR score: $5,000
  • If Ohio wins the MAC regular season championship: $10,000
  • If Ohio wins the MAC Tournament: $10,000
  • If Ohio makes an NIT appearance: $5,000
  • If Ohio plays in the NIT championship: $10,000
  • If Ohio receives an at-large bid to the NCAA Tournament: $10,000
  • If Ohio wins one or more game(s) in the NCAA Tournament: $10,000 per win
  • If Ohio reaches the Sweet 16: $30,000
  • If Ohio reaches the Final Four: $75,000
  • If Ohio wins the national championship: $100,000

 

Boals will also receive a courtesy car from the university or a comparable monthly stipend of $750.

Ohio provided reimbursement of Boals’ relocation expenses and the university will maintain a club membership for Boals.

If Ohio terminates Boals’ contract without cause, the university will owe him the following:

  • Between March 18, 2019 and April 1, 2020: $950,000
  • Between April 2, 2020 and April 1, 2021: $850,000
  • Between April 2, 2021 and April 1, 2022: $750,000
  • Between April 2, 2022 and April 1, 2023: $650,000
  • Between April 2, 2023 and April 1, 2024: The percentage of Boals’ $581,000 annual base salary that is equal to the number of days remaining in the agreement divided by 365

 

Boals agreed to make “reasonable efforts” to mitigate the university’s obligations to pay liquidated damages in the case that his contract is terminated.

If Boals terminates his contract with Ohio before the contract is over, he’ll owe the university the following:

  • Between March 18, 2019 and April 1, 2020: $950,000
  • Between April 2, 2020 and April 1, 2021: $850,000
  • Between April 2, 2021 and April 1, 2022: $750,000
  • Between April 2, 2022 and April 1, 2023: $650,000
  • Between April 2, 2023 and April 1, 2024: The percentage of Boals’ $581,000 annual base salary that is equal to the number of days remaining in the agreement divided by 365

 

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