Contract for LSU's Chancellor includes graduation incentive

6/1/2007 - LSU Lady Tigers

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.