Nice little package that will basically lock Altman in at Oregon until 2023. New 7 year contract starting this season:
Base Salary:
2016 - 1.8 mil
2017 - 2.5 mil
2018 - 2.5 mil
2019 - 2.7 mil
2020 - 2.9 mil
2021 - 3.0 mil
2022 - 3.05 mil
Has some serious incentives built in too. He will receive $850,000 if he stays after this year (so his actual pay for 2016 min = 2.45 mil), an extra $200,000 the following year (2.7 mil), and $300,000 the following 5 years (2018 = 2.8 mil, 2019 = 3.0 mil, 2020 = 3.2 mil, 2021 = 3.3 mil, 2022 = 3.35 mil)
$50,000 bonus for APR 985 or above
up to $100,000 for winning Pac-12 regular season + tourney
up to $175,000 for making the Final 4
An additional $250,000 for winning the NC
So Max Bonus on DA would be $575,000 + retention on top of base
Contract overview
Base Salary:
2016 - 1.8 mil
2017 - 2.5 mil
2018 - 2.5 mil
2019 - 2.7 mil
2020 - 2.9 mil
2021 - 3.0 mil
2022 - 3.05 mil
Has some serious incentives built in too. He will receive $850,000 if he stays after this year (so his actual pay for 2016 min = 2.45 mil), an extra $200,000 the following year (2.7 mil), and $300,000 the following 5 years (2018 = 2.8 mil, 2019 = 3.0 mil, 2020 = 3.2 mil, 2021 = 3.3 mil, 2022 = 3.35 mil)
$50,000 bonus for APR 985 or above
up to $100,000 for winning Pac-12 regular season + tourney
up to $175,000 for making the Final 4
An additional $250,000 for winning the NC
So Max Bonus on DA would be $575,000 + retention on top of base
Contract overview
