Contract for LSU's Chancellor includes graduation incentive
BATON ROUGE, La. -- New LSU women's basketball coach Van Chancellor will get a $510,000 salary package this year that increases to $710,000 in 2011, according to the contract approved Friday by the school's Board of Supervisors.
The five-year package includes a $250,000 salary and television and radio payments starting at $260,000 annually that increase by $50,000 each year.
Chancellor, 63, also is eligible to earn incentive pay, such as, a maximum $200,000 for postseason play, $50,000 for winning NCAA coach of the year, $50,000 for having an 80 percent graduation rate and $50,000 if the team's grade-point-average is 3.0 or higher.
Marty Chabert, chairman of the board's athletics committee, on Thursday described the contract as standard. "That's the cost of doing business in today's world," said Chabert, when asked about the escalating annual amounts in the document.
Chancellor replaced Pokey Chatman, who resigned earlier this year amid allegations of improper contact with at least one former player. Chatman, who remains at odds with LSU over the resignation, was under contract for $400,000 a year. In two years, her salary would have risen to $430,000 -- 30 percent less than the $560,000 Chancellor would get in 2008-2009.
Chancellor, already a Naismith Hall of Fame coach, has led the WNBA Houston Comets to four championships, coached the U.S. women's team to Olympic gold in 2004 and led Ole Miss to a 439-154 record in 19 seasons from 1978-97.
Copyright 2007 by The Associated Press