Friday, May 24, 2013
Weis buyout may cost ND $19 million
By Matt Fortuna
Former Notre Dame coach Charlie Weis made more from the school during the 2011 season than Brian Kelly, the man who actually coached the Irish that season.
Weis received a buyout payment of $2,054,744 as part of the agreement in his 2009 firing, according to the Chicago Tribune's Brian Hamilton, citing federal tax documents the school provided the newspaper.
Weis received the same amount for the 2010 season -- in addition to the initial payment of $6,638,403 after his firing -- and with the school scheduled for additional annual payments through December 2015, the current Kansas coach could receive a total of $18,966,867 from Notre Dame following four more payments of the same $2 million-plus figure from each of the past two seasons.
Kelly received $1,088,179 from the school from July 2011 to June 2012, but that likely does not equal his total earnings.
"The current head football coach is permitted to receive compensation from external sources with prior written approval from the University," the school noted, income from outlets such as shoe companies that would not have to be reported on the tax forms.