TN Sports 360
River Club Banner

Hudspeth’s contract covers 5 years, starts at $265,000

APSU Athletics Communications

By Jimmy Trodglen

Editor

CLARKSVILLE, Tenn. – Austin Peay has significantly stepped forward to provide its head football coach a salary competitive with most OVC coaches.

In 2015, former Govs coach Kirby Cannon had an annual salary of $147, 175.

Will Healy, who left in November to become the new head coach at Charlotte, was making $215,000 after signing a reconstructed five-year deal following the 2017 season.

Austin Peay kicked up the ante again when it signed Mark Hudspeth to a five-year contract that starts at $265,000 annually.

The details of Hudspeth’s contract were obtained by Peaymania.com through a Freedom of Information Act request and shared with Tnsports360.com Monday evening.

Hudspeth signed his Memorandum of Understanding on Dec. 11, 2018.

Along with being the highest-paid coach in Austin Peay’s history, Hudspeth is one of the OVC’s top-three paid coaches.

Also included in the MOU, the assistant coaching pool will be $735,000, an increase of $135,000 from the coaching pool under Healy.

Academic bonuses

Hudspeth’s contract includes bonuses linked to academic progress rates and cumulative GPA.

Hudspeth will receive a bonus of $2,500 if the football program’s APR is above .940 and Austin Peay will pay Hudspeth additional bonuses linked to incremental increases in the football program’s APR.

If the football program’s semester GPA is 3.50, Hudspeth will receive a $2,500 bonus for each semester.

Retention bonuses

If Hudspeth remains Austin Peay’s football coach, he will receive a $15,000 retention bonus following “contract years 2 and 4.”

Termination

In the event of termination without cause, Austin Peay will not be responsible for payment of any other amount, including employee benefits, raises and bonuses. Austin Peay will pay insurance benefits for a period of three months following the date of his termination.

If termination for cause, Hudspeth will be entitled to receive compensation through the last day of the calendar month in which his employment terminates.

If Hudspeth volunteers to leave to accept another coaching position, Austin Peay “shall be entitled to payment from coach Hudspeth of an amount equal to the following.”

  • 100 percent of remaining value of contract from another FCS program.
  • 50 percent of remaining value of contract for another Group of 5 program.
  • 25 percent of remaining value of contract for another Power 5 program.
  • Or in year five of contract year – $150,000.

 

Other incentives built into Hudspeth’s contract includes:

Moving allowance of $15,000.

Clarksville Country Club membership for business purposes.

One dealer-provided automobile.

 Mark Hudspeth contract by year

2019 – $265,000.

2020 – $265,000.

2021 – $270,000.

2022 – $280,000.

2023 – $280,000.

 

Jimmy Trodglen, editor, Twitter@Tnsports360

Leave a Reply

Your email address will not be published. Required fields are marked *