Seth's New Contract

OK, here are the basic terms of Greenberg’s new contract …

Base salary: $222,346 (receives five-percent annual raise on his base)

Retention incentive (for radio and Hokie Club appearances) …
2010-11: $871,431
2011-12: $971,431
2012-13: $1,021,431
2013-14: $1,071,431
2014-15: $1,121,431
2015-16: $1,171,431

Deferred compensation totaling $750,000 …
Given $300,000 if still coaching Tech on March 31, 2011
Given $125,000 if still coaching Tech on March 31, 2013
Given $125,000 if still coaching Tech on March 31, 2014
Given $100,000 if still coaching Tech on March 31, 2015
Given $100,000 if still coaching Tech on March 31, 2016

via: http://www.mytimesdispatch.com/index.php/sports/comments/the_details_of_...

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