Report: Arizona State, Todd Graham agree to extension through 2018
The Arizona Republic reports Arizona State and football coach Todd Graham have agreed on a contract extension through 2018.
The deal is expected to be approved by the Arizona Board of Regents on Sept. 26.
Graham, in his second year at ASU, is currently under contract until the end of the 2016 season until the extension is approved.
The new contract will raise Graham’s salary from $2.05 million to $2.3 million effective July 1, with scheduled increases to $2.4 million on Jan. 1, 2014, $2.5 million on Jan. 1, 2015 and $2.6 million on Jan. 1, 2016.
The Republic reports Graham’s performance incentives include:
- Receiving 50 percent of his salary if the Sun Devils win the national championship
- Receiving 25 percent if they win any major bowl game (the Rose, Sugar, Orange, Cotton, Peach or Fiesta).
- Graham will receive $25,000 if ASU wins any “non-major” bowl game.
- He will receive 20 percent of his salary if ASU wins the Pac-12 championship.
ASU may terminate the contract at any time without cause, but will have to pay Graham his annual salary for the remainder of the contract term. If Graham terminates the contract and takes another college or professional coaching position, ASU may collect a buyout amount up to $1.5 million.
The Sun Devils finished 8-5 last year under Graham, including wins over rival Arizona and Navy in the Kraft Fight Hunger Bowl. ASU is 2-0 this season and ranked No. 23 in the AP poll.