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May 25, 2013

Charlie Weis $19m buyout

Charlie Weis $19m buyout, Former Notre Dame coach Charlie Weis made more from the school in the 2011 season than Brian Kelly, the man who actually coached the Irish.

Weis, now the coach at Kansas, received a buyout payment of $2,054,744 from Notre Dame as part of the agreement for his 2009 firing, according to the Chicago Tribune, which cited 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, Weis 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 present 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 would not have to be reported on the tax forms.

Athletic director Jack Swarbrick earned $1,085,260 from the school, according to the Tribune report. source