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Ohio Basketball

Topic: Coach Christian's contract

Topic: Coach Christian's contract

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Jeff McKinney
Moderator

Member Since: 11/12/2004
Post Count: 6,155

Status: Offline

Coach Christian's contract

Posted: 8/3/2012 4:11:50 PM

What is a "longevity bonus"?? Why wouldn't that be included in his base pay?

Glad all the t's have been crossed and all the i's dotted...Best of wishes to Coach and his staff.

DayvidGallagher
General User

Member Since: 7/28/2010
Location: Houston, TX
Post Count: 206

Status: Offline

RE: Coach Christian's contract

Posted: 8/3/2012 5:35:43 PM

My understanding is a longevity bonus is typically a one-time payment that is made if the coach stays around for a certain number of years (5 years or whatever) which is paid out when he reaches that amount of time with the university.

“The thing that gets lost in the deal is we’re Ohio University. We’re Ohio. We liked to be referred to as Ohio. That’s who we are." - John Groce

mcbin
General User

Member Since: 12/20/2004
Location: Columbus, OH
Post Count: 951

Status: Offline

RE: Coach Christian's contract

Posted: 8/4/2012 1:12:21 PM

I believe Frank also had some bonus kick in if he fulfilled either X number of years of his contract, or something of that sort. Maybe gradually increasing as time went on.

OU_Country
General User

Member Since: 12/6/2005
Location: On the road between Athens and Madison County
Post Count: 8,370

Status: Offline

RE: Coach Christian's contract

Posted: 8/6/2012 3:23:38 PM

If it were a significant enough sum, it could also be something to deter from leaving before the contract has run out.

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