Break down of finance by the school newspaper by Adam Aucoin

Most has been said on the previous thread page except the 25k will be raised privately.

Quote:Bamford has known Fogler for years and his happy with the move to add him to the process.

“What Eddie does, what any search firm will do for us as a public university, they give us protection in the process in that if I’m doing a search on my own I can’t necessarily protect certain candidates because I’m an employee at a state university,” Bamford said. “At the end of the day, there are say for example, sitting head coaches. Eddie can talk to those guys and protect them in the process and share that information with me.”

The service Fogler provides will come at a cost for UMass. The University will pay Fogler $25,000 for his efforts at the end of the search. According to Bamford, the fee for Fogler’s services has been raised privately from unrestricted gifts and will not come out of the state’s funds or from the basketball program.

Although the search for the next coach hasn’t been kicked into high gear just yet, Bamford already has plans for what the next coach’s contract will look like.

Bamford envisions the prospective five-year deal to have an annual salary in the $800,000-$900,000 range along with some bonus structure attached to the contract.

“The next contract will likely be a five-year contract. It will need to be cost neutral for us as a program in the next few years because of Derek’s buyout, so that means that the value of the contract will increase in year’s three, four and five,” Bamford said.

“In terms of a full budget, it is a five-year investment that we’re going to make in this position and in our coaching staff,” he added. “I want to create something where the next person has the ability to make money on success in ties to our success and really work with them to invest in the program to have success.”

http://dailycollegian.com/2017/03/10/uma...k-kellogg/