Purdue released details of the contract extension for football coach Danny Hope on Tuesday.
Hope will have a minimum total compensation of $950,000 for 2012. It increases to $975,000 in 2013 and $1,000,000 in 2014. The minimum total compensation is $1,025,000 in 2015 and $1,050,000 in 2016, the final year of the contract.
Bonuses – for accomplishments like postseason play, coaching honors (Big Ten and NCAA), and academic achievements – remain in place.
There is also a year-by-year breakdown for a buyout. The figure is $600,000 for 2012. It is $500,000 for 2013 and $400,000 for 2014.
The buyout is $300,000 for 2015 and $200,000 for 2016.
Purdue announced the two-year contract extension just before the football team participated in Little Caesars Pizza Bowl in December. The contract was signed by Hope and athletic director Morgan Burke on June 25.
Hope enters his fourth year as Purdue’s coach. He is 16-21 with the Boilermakers. Purdue reached its first bowl since 2007 last season, defeating Western Michigan 37-32 in the Little Caesars Pizza Bowl in Detroit.