BOULDER, Colo. -
Two days after being announced as the new head football coach of the Colorado Buffaloes, Mike MacIntyre's contract was approved Wednesday by the university's board of regents.
MacIntyre will make a base pay of $10 million over his five year contract.
In addition to the base pay, MacIntyre they sweetened the deal with several bonuses: $25,000 for being named the Pac-12 Coach of the Year, $50,000 if the Buffs win seven games, $75,000 if they win eight games, $100,000 if they play in the Pac-12 Championship, $200,000 if the Buffs play in a non-BCS bowl game, $250,000 if they play in a BCS bowl game and $750,000 if the Buffs punch their ticket into the BCS National Championship game.
But the additional bonuses and incentives don't end there.
According the Denver Post, MacIntyre could earn up to $100,000 each of these off-field achievements: players' academic performance, "welfare and development of the football program-student-athletes" and for the development of the football program's outreach, culture and reputation on campus.
MacIntyre could leave the university with no penalty by Dec. 1, 2013 if a plan for facilities renovation is not submitted, reported the newspaper.
If MacIntyre leaves CU prior to finishing his contract, he must pay the university $2.3 million in 2013, $1.9 million in 2014, $1.6 million in 2015, $1.3 million in 2016 and $1 million in 2017, the newspaper reported.
MacIntyre guided San Jose State to a 10-2 record this season and a No. 24 ranking in the AP and USA Today polls. MacIntyre made $500,000 annually with Spartans.
MacIntyre will face his old team when the Buffs play San Jose State in the 2016 season at Folsom Field.