The University of Missouri System Board of Curators approved the initial contract terms for Head Football Coach Barry Odom.
Terms of the agreement call for Odom to be paid $2,350,000 guaranteed annually, which includes a base salary of $450,000, plus a guaranteed non-salary compensation amount of $1,900,000. The last figure covers guarantees of $475,000 each in four different categories related to operating the football program: radio appearances, television appearances, apparel rights, and public relations and stewardship appearances. Odom will also receive an annuity payment in the amount of $100,000 per year ($500,000 total) contingent upon his being in good standing on the final date of his contract period.
“I’m very grateful to Mack Rhoades, Chancellor Hank Foley, President Mike Middleton, the Board of Curators and the entire university administration for this opportunity,” Odom said in a statement released by the University. “Through this process they have shown an unwavering commitment to provide us with the resources we need to attract and retain an elite staff and support our student-athletes in order to compete at the highest level.”
The contract went into effect on Dec. 3, 2015 and runs through Feb. 28, 2021, with a mutual option for a two-year extension.
Odom would receive a $250,000 non-salary compensation increase should his Tigers win a conference championship, as well as a similar $250,000 increase should Mizzou participate in a “New Year’s Six” bowl game (i.e., Cotton, Fiesta, Orange, Peach, Rose, Sugar). Those increases would be added to the non-salary figure a maximum of one time each for the remainder of the contract term.