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Tubby Smith’s Contract Extended by UK Athletic Board; Ticket Prices and Annual Giving Requirements to Increase

Contact: Carl Nathe

Photo of men’s basketball head coach Tubby Smith
Coach Tubby Smith

The choice for every NCAA-recognized National Coach of the Year award in 2002-2003, Smith signed a new contract which runs for a total of eight years, carrying him through the 2010-2011 season. The total compensation package includes incentive bonuses for on-court performance and academic performance of his teams, plus retention bonuses for Smith that will be due following the 2007 and 2011 seasons. Smith will earn a minimum of $1.75 million for the 2003-2004 season, with that guaranteed figure gradually escalating to nearly $2.4 million in 2010-2011.

 

April 18, 2003 (Lexington, Ky.) -- A contract extension and pay increase for University of Kentucky’s men’s basketball head coach Tubby Smith was among the agenda items unanimously approved by the UK Athletic Association Board of Directors.

The choice for every NCAA-recognized National Coach of the Year award in 2002-2003, Smith signed a new contract which runs for a total of eight years, carrying him through the 2010-2011 season. The total compensation package includes incentive bonuses for on-court performance and academic performance of his teams, plus retention bonuses for Smith that will be due following the 2007 and 2011 seasons. Smith will earn a minimum of $1.75 million for the 2003-2004 season, with that guaranteed figure gradually escalating to nearly $2.4 million in 2010-2011.

The board also unanimously approved the contract of new UK women’s basketball head coach Mickie DeMoss. DeMoss’ contract is for six years and guarantees at least $300,000 per season.

In other action, the board unanimously approved the recommendations of its Ad Hoc Ticket Committee that call for ticket price increases for football and men’s basketball. In addition, the UKAA’s annual giving program, the Blue-White Fund, is changing its name to the K-Fund and restructuring its annual donation requirements.

Beginning in the 2003-2004 fiscal year, a total of $1 million, resulting from the increase in ticket prices and annual donations, will be paid annually to UK for student scholarships.

In Commonwealth Stadium, the cost of a sideline seat between the goal lines will increase to $29 from $22 for the 2003 season. End zone tickets will remain at $22, with the exception of the in-state rivalry game with Louisville – all tickets will be priced at
$40. Student ticket swill remain unchanged at $5 each.

In Rupp Arena, the price of lower arena tickets will increase to $27 each, while upper arena seats will cost $22 each for the 2003-2004 season. In both cases, this is an increase of $5 per ticket.

The new K-Fund annual donation requirements for season tickets in Commonwealth Stadium are being phased in over the next three years, while the K- Fund requirements in Rupp Arena will be phased in over the next two seasons.

UK Athletics Director Mitch Barnhart and senior staff members noted that UK currently ranks 11th out of 12 Southeastern Conference schools in annual giving to athletics, while the higher ticket prices for football will keep Kentucky ranked in the lower half of SEC schools.

Barnhart also reported to the board that he has authorized an increase in the total salary pool for assistant coaches in both men’s and women’s basketball, as well as creating a director of operations position for women’s basketball, similar to the position that already exists in the men’s program.

The board also gave unanimous approval for revision of its bylaws and articles of incorporation and heard a budget briefing from Senior Executive Associate Athletics Director Rob Mullens.


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