Wednesday, December 10, 2014

Dan Monson with a very unique contract

This is fascinating. Long Beach State has seemingly taken on all comers by traveling to the campuses of various top echelon opponents and one of the reasons for doing so is financial but in a way not known until now.

Mark Ziegler reports.

A snippet:

...What [Coach Dan] Monson doesn’t mention is that the brutal string of road games against college basketball blue bloods also yields him hundreds of thousands of dollars each season. In a unique arrangement, clauses in his last two contracts with Long Beach State allow him to keep a sizeable chunk of the sometimes six-figure guarantees that schools pay for a one-off “buy” game in their arena.

Since 2011-12, according to documents obtained by U-T San Diego, Monson has been eligible to receive nearly $1 million of the $1.46 million paid to Long Beach State from 16 buy games he scheduled...

Some message board posters were writing that SJSU should be pursuing Monson before Coach Wojcik was hired. Monson isn't going anywhere (California, near a beach, in the middle of a great recruiting area, big bucks).

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