Juwan Howard agreed to a five-year contract with Michigan worth $11.2 million, according to a signed memorandum of understanding obtained by Stadium.
New Michigan Coach Juwan Howard agreed to a five-year contract with the university worth $11.2 million in total annualized compensation, according to a signed memorandum of understanding obtained by Stadium, dated May 22, 2019.
Howard’s annual base salary is $400,000 but he’ll earn $2 million in total annualized compensation for the 2019-2020 season.
His total annualized compensation will increase in each of the next four years of the contract as outlined below:
Howard will also participate in Michigan’s athletic department postseason bonus plan, which will allow him to earn additional incentives.
Both parties – the University of Michigan and Howard – agreed to a buyout in the case that either side terminates the contract early.
If Michigan fires Howard without cause, it’ll owe him the following:
If Howard leaves Michigan for “other basketball related employment” prior to the end of his contract, he’ll owe the university the following:
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