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Mark Coyle is leaving the Syracuse Orange for the Minnesota Golden Gophers. As a parting gift, he's giving SU $500,000.
Well, kinda. Coyle's SU contract includes a $500,000 buyout clause and Minnesota will be footing the bill for that. The Daily Gopher got their hands on Coyle's contract with UM, which outlines the payment:
It's unclear what Coyle's salary was at Syracuse and we won't find out for a while yet but his predecessor was making in the range of $570K/year. It's assumed that Coyle's salary was smaller than that, meaning that the buyout will probably cover the one year he was on the payroll and potentially net Syracuse a profit.
So, thanks Mark!
Of course, it's reminder that a school like Minnesota is always going to be able to swoop in and offer a bigger salary to our AD, but at least we know we're going to get some kind of compensation for our troubles if and when it happens again.