7 year deal signed by Altman and Oregon....WTF is a talent fee?


The highlights:
  • Contract duration is seven years.
  • Base salary is $450,000, talent fee is $1,350,000, adding up to a $1.8 million salary
Altman’s letter of intent itself is an interesting document detailing his seven-year, $1.8 million contract. There are numerous incentives, including yearly incentives for performance that can add up to $400,000 and academic incentives of $120,000.

For Altman’s performance incentives, he would receive $20,000 for earning a NCAA Tournament bid, and for each win in that tournament he would earn an amount, starting at $7,500 for the first round. For winning a national title, Altman would get a total of $295,000.

If Oregon were to win the National Invitation Tournament, Altman would get $20,000.

For incentives related to the Pacific-10 Conference (which Altman slipped and called the Big Ten on first reference), he would get $5,000 for fifth place, $8,000 for fourth, $10,000 for third, $15,000 for second and $30,000 for first place. And if his team were to win the Pac-10 Tournament, that’s an extra $30,000. Altman would also receive $25,000 if his team were so lucky to win both the regular season and tournament titles.

Altman’s contract also has a big academic incentive program. He was known at Creighton for graduating his players and having them on honor rolls, and there is hope that he will continue former head coach Ernie Kent’s progress in academics. For graduation rates, he will get $5,000 for a rate better than 65 percent, and $10,000 for a rate better than 75 percent. He would also get an incentive for placing in the top five in the Pac-10 in academic progress.

For ticket sales, Altman would receive 15 percent multiplied by the amount of gross revenue from home ticket sales exceeding $4 million.