UCF announced Travis Williams as the new defensive coordinator, and Knight News obtained Williams’ employee agreement on Wednesday.
Williams’ contract runs through Jan. 31, 2023, and states his annual rate of pay is $600,000.
Incentive Compensation &
Additional Benefits
Williams will be eligible to receive a bonus equal to one month’s gross salary for winning a conference championship and preparing the team for and coaching in the NCAA sanctioned bowl game.
Williams will be eligible to receive a bonus equal to one-half of one month’s gross salary for preparing the team for and coaching in an NCAA sanctioned bowl game absent a conference championship.
Williams’ agreement states he will not be eligible for bonus pay in any year in which any NCAA violation involving disciplinary action, whether imposed by the NCAA or self-imposed.
Additional benefits are listed in the agreement as the following:
- Reimbursement of relocation expenses as per Association policy (subject to taxation per IRS regulations).
- Reimbursement of temporary housing expenses up to a maximum of 30 days (subject to taxation per IRS regulations)*
- Participation in UCF Athletics’ vehicle program – UCF provided auto (courtesy / lease) or an auto allowance (subject to taxation as per IRS regulations).
- Sick leave, holidays.
- Retirement plan.
- Membership options in a variety of health, life, and or supplemental group insurance programs.
Liquidated Damages:
Buyout & Termination
Williams may be terminated without cause and the amount due employee for the remainder of the term reduced by any subsequent employment compensation is to be paid in accordance with normal UCF Athletics payroll procedures, the agreement states.
If the head football coach resigns, Williams’ agreement with UCF is terminated and no further payments will be due to him from UCF other than regular earnings and bonuses earned but not yet paid, records show.
Williams may terminate the agreement with UCF without cause.
If Williams resigns as UCF’s defensive coordinator, UCFAA shall receive either $600,000 if prior or on Jan. 31, 2022, or 50% of the remaining balance of salary payable if after Jan. 31, 2022 through Jan. 31, 2023, the agreement states.
“This buyout shall be waived by the Director of Athletics if Employee terminates this agreement and accepts a collegiate or professional coaching position where said employee is determined to be the Head Coach.”
This is a developing story.
Check back with Knight News for updates.
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