Current:Home > StocksDabo Swinney Alabama clause: Buyout would increase for Clemson coach to replace Nick Saban -MoneySpot
Dabo Swinney Alabama clause: Buyout would increase for Clemson coach to replace Nick Saban
View
Date:2025-04-26 07:46:56
With the retirement of Alabama football coach Nick Saban on Wednesday, the Crimson Tide are now looking for something they haven't needed since 2007: a new head coach.
Oregon's Dan Lanning was the early favorite among projected Alabama targets, though the former Crimson Tide graduate assistant and Georgia defensive coordinator shot down reports he was interviewing for the position. While Alabama has yet more high-profile candidates to consider, one name who has consistently cropped up is a coach with whom Crimson Tide fans are well-acquainted.
Clemson coach and former Alabama walk-on receiver Dabo Swinney is on several short lists to replace the Crimson Tide legend, including by The Tuscaloosa News. Whether the same is true among Alabama's decision-makers is unknown. But at least one hangup for a reunion in Tuscaloosa exists in the form of Swinney's own contract with Clemson.
First introduced in 2019 and reintroduced in his 2022 extension, Swinney's most recent contract includes an Alabama-specific clause that bumps up the cost of his buyout should he take over at Alabama. It states that Swinney will have a 150% higher buyout than if he were to leave the Tigers for any other team in college football.
“How I look at that is Coach’s commitment to Clemson,” Clemson athletics director Graham Neff said in September 2022. “If you were to look at the market for the buyouts, Coach’s buyout to Clemson even before any of the additive for Alabama specifically is the highest of his market, the top 10 markets.
“That commitment that he has to Clemson sets the market … that’s how I see those buyout dollars, because there’s a lot of them around the country and the market that aren’t a whole lot if anything. So even those dollars there from Coach are emblematic of his commitment to Clemson.”
Here's what you need to know about Swinney's Alabama clause in his Clemson contract.
Dabo Swinney Alabama clause, explained
Swinney's contract includes a distinctive clause that increases his buyout should he leave Clemson to coach Alabama: namely, that he would have to pay 150% of his buyout in a given year if he chooses to coach the Crimson Tide.
While the percentage remains the same throughout the life of the contract, the buyout amount does decrease periodically. At the time he signed the extension in September 2022, that meant he would have had to pay $9 million — not $6 million — if he chose to return to Tuscaloosa at any time during the 2022 calendar year.
Here's a year-by-year breakdown of the penalty Swinney would incur, as specified in his contract (Alabama buyout listed in parentheses):
- 2022: $6 million ($9 million)
- 2023: $5 million ($7.5 million)
- 2024: $5 million ($7.5 million)
- 2025: $4 million ($6 million)
- 2026: $3 million ($4.5 million)
- 2027: $3 million ($4.5 million)
- 2028: $2 million ($3 million)
- 2029: $2 million ($3 million)
- 2030: $1 million ($1.5 million)
- 2031: $0
Dabo Swinney contract details
Swinney's 10-year, $115 million deal with Clemson was signed in September 2022 and runs through 2031. It solidified his position as one of college football's highest-paid coaches, giving him an average annual salary of $11.5 million. The Tigers coach made $10.9 million for the 2023 college football season (second in all of college football, behind only Saban's $11.4 million).
Performance incentives based on championship appearances and Coach of the Year awards add another layer of potential earnings.
Dabo Swinney ties to Alabama
Swinney, originally hailing from Pelham, commenced his football journey in 1990 as a walk-on wide receiver for the Crimson Tide, culminating in the team's national championship season in 1992.
Following his playing days, Swinney transitioned into coaching, initially serving as a graduate assistant under Gene Stallings from 1993-95. His commitment and expertise led to a full-time coaching position from 1996 to 2000, during which time he took charge of coaching Alabama's receivers and tight ends.
We occasionally recommend interesting products and services. If you make a purchase by clicking one of the links, we may earn an affiliate fee. USA TODAY Network newsrooms operate independently, and this doesn’t influence our coverage.
veryGood! (5)
Related
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Caitlin Clark's scoring record doesn't matter. She's bigger than any number
- A Texas man drives into a store and is charged over locked beer coolers, reports say
- Fashion Icon Iris Apfel Dead at 102
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Report from National Urban League finds continued economic disparities among Black Americans
- Babies born March 2 can get a free book for Dr. Seuss Day: Here's how to claim one
- Jennifer Dulos Case: Michelle Troconis Found Guilty of Conspiring to Murder
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Nevada, northern California brace for blizzard, 'life-threatening' conditions
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- In a rural California region, a plan takes shape to provide shade from dangerous heat
- As Caitlin Clark closes in on all-time scoring record, how to watch Iowa vs. Ohio State
- Prosecutors drop charges against former Iowa State athletes in gambling investigation
- What do we know about the mysterious drones reported flying over New Jersey?
- As Caitlin Clark closes in on all-time scoring record, how to watch Iowa vs. Ohio State
- Kourtney Kardashian's Postpartum Fashion Hack Will Get You Ready in 5 Seconds
- Hailey Bieber Shuts Down Justin Bieber Marriage Speculation With Birthday Message
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
U.S. interest payments on its debt are set to exceed defense spending. Should we be worried?
Q&A: Former EPA Administrator Gina McCarthy on New Air Pollution Regulations—and Women’s Roles in Bringing Them About
New York Community Bancorp shares plummet amid CEO exit and loan woes
Travis Hunter, the 2
Elle King Returns to the Stage After Drunken Dolly Parton Tribute Incident
Record Winter Heat, Dry Air Helped Drive Panhandle Fire Risk
Americans are saving less and spending more. Could that raise the risk of recession?