For a priceless victory, UMBC men’s basketball coach Ryan Odom will get a bonus of ... $10,000.
Like nearly every coaching contract, Odom’s deal contemplates the prospect of his team winning the national championship — but you have to start somewhere.
And for Odom, it started Friday night with a victory over top-seeded and No. 1-ranked Virginia — the first win by a No. 16 seed in the history of the NCAA men’s basketball tournament.
Odom got a $7,500 bonus for the Retrievers winning the America East Conference tournament — their ticket into the NCAA field of 68.
The deal calls for another $7,500 for the team participating in the NCAA tournament.
And from there:
—$10,000 if the team advances to the round of 32.
—$10,000 more if it advances to the round of 16.
—$10,000 more if it advance to the round of eight.
—$20,000 more for reaching the Final Four.
—$20,000 more for reaching the championship game.
—$20,000 more for winning the national championship.
That’s a total of $90,000 for winning games in the NCAA tournament.
Or, $10,000 less than North Carolina coach Roy Williams gets if the Tar Heels advance to the round of 32.
Houston’s Kelvin Sampson is also set to receive a $100,000 bonus for the Cougars' first-round win, while Florida State coach Leonard Hamilton's bonus is $50,000. West Virginia's Bob Huggins is due $30,000.
