Spivery will make almost $40K more a year
BATON ROUGE, La. -- Southern University's new head basketball coach, Rob Spivery, has been given a five-year contract paying him $125,000 a year.
That's a substantial jump from the package worth $88,000 per year the school paid previous coach Michael Grant, who was fired last month then allowed to resign as part of a settlement this month two years into a three-year deal.
Spivery is Southern's fourth coach in the last six seasons. The team has had five straight losing seasons.
"Major, major commitment. Major commitment," Southern Chancellor Edward Jackson said. "I know it's going to work."
Spivery has made more than $100,000 per year at Alabama State where he coached for nine seasons before joining Southern on May 5.
Spivery is Southern's second highest-paid coach. Southern football coach Pete Richardson, who will begin his 13th season in the fall, signed a three-year deal in December paying him $200,000 per year.
"I was pleased with the commitment they have made to me and the program," Spivery said. "That was a big reason I accepted the job at Southern."
Spivery's contract also carries a one-year option, at the university's discretion, for what would be a sixth year. He also will receive bonuses for winning the SWAC title and advancing in the NCAA tournament. Other bonuses are based on attendance.
Copyright 2005 by The Associated Press
MORE MEN'S COLLEGE BASKETBALL HEADLINES
- Kentucky anticipating Louisville's best shot
- Shocker: 11th-ranked Wichita St. falls to GW
- Seton Hall loses Whitehead to stress fracture
- SDSU's Polee released, awaiting test results