Georgia Tech and head soccer coach Brent Key finalized a five-year, $15 million contract, in keeping with the time period sheet from the college obtained by The Athletic on Friday. Right here’s what you’ll want to know:
Key’s base salaries escalates from $2.8 million in 2023 to $3.2 million in 2027
Key “will work with the director of athletics” on employees selections.
Key has customary bonuses for successful greater than eight regular-season video games, New Yr’s Six bowls and playoffs.
Key was employed because the full-time head coach on Nov. 29 after being named interim on Sept. 26 as soon as Georgia Tech fired former coach Geoff Collins and athletic director Todd Stansbury. Key went 4-4 as interim coach, defeating two ranked faculties in Pitt and North Carolina. Previous to accepting the interim function, Key was in his fourth season as Georgia Tech’s assistant head coach, run sport coordinator and offensive line coach.
Within the occasion that Secret’s terminated with out trigger, Key’s buyout is also 70 p.c of the remaining deal earlier than the top of yr two (2024), 60 p.c earlier than yr three, 50 p.c earlier than the top of years 4 and 5. His $3 million contract common is under reported new offers of different FBS coaches, which have ranged from Luke Fickell’s seven-year, $54.6 million with Wisconsin to Scott Satterfield’s six-year, $22.5 million with Cincinnati.
Is Key’s comparatively low wage about economics?
Key was a budget-friendly signing for Georgia Tech and that ought to not come as a shock. The Jackets have had a decline in attendance and the athletic division is just not flush with main income streams and is carrying debt, notably after deciding to fireside head coach Geoff Collins 4 years right into a seven-year, $23.1 million contract, successfully forcing them to pay him about $11 million to stroll away.
This little question impacted who new athletic director J Batt may search to fill the place. He has declined to touch upon the main points of the search. The $3 million common annual worth of Key’s contract is just not solely decrease than most different offers signed by new faculty soccer coaches, but it surely’s additionally decrease even than Collins’ $3.3 million. Key, a first-time head coach, not surprisingly acquired a deal decrease in worth than Scott Satterfield’s in Cincinnati (six years for $22.5 million) and Jamey Chadwell’s at Liberty (reportedly seven years for $28 million).
Now, does any of this imply Key was not a good selection as a soccer coach? By no means. He did a outstanding job when he took over for Collins after a 1-3 begin this season, going 4-4 with two upset highway wins over top-25 groups (Pittsburgh and North Carolina). He endured shedding two quarterbacks, together with starter Jeff Sims, and clearly was the favored selection amongst gamers. Key has a straight-forward, no-BS fashion that connects with gamers and was wanted at Tech after the tenure of Collins, who grew to become recognized extra for his branding and advertising and marketing efforts than his teaching.
It’s additionally honest to imagine that if Key wins, he’ll obtain a bump in wage. — Schultz
How will the price range impression Key transferring ahead?
The excellent news, from a Georgia Tech perspective, is Key has been given a $7.5 million wage pool for his employees in 2023. That represents a virtually 32 p.c improve over the 2022 price range of $5.7 million. This may enable him to spend a good sum of money on an offensive coordinator following the firing of Chip Lengthy. Key has parted with at the least two assistant coaches and the crew’s energy coach, but it surely seems he’ll retain some members of the defensive employees. — Schultz
What needs to be anticipated in 2023?
That’s troublesome to challenge now with out realizing who will begin at quarterback – Sims is within the switch portal – what gamers the brand new employees will be capable of usher in and what schemes the Jackets will run. Key has a $100,000 bonus in his contract if the Jackets can win eight video games however that’s going to be troublesome with a schedule that features Georgia, Ole Miss and Louisville. — Schultz
(Picture: Brett Davis / USA At the moment)