![]() ![]() Jones ushered the Tigers into the 2021-22 season full of expectations with the program's second consecutive ncaa tournament win and SWAC Tournament Championship. The extension, which is pending the approval of the Texas southern university Board of Regents, will keep Jones as head coach of the tigers through the 2026 season. New coach Will Wade’s contract states that he must not only look for a new job if he is fired without cause but also that he has to be paid a salary “commensurate with the value of such services on the open market” - language that wasn’t in Jones deal.Texas southern head men's basketball coach johnny jones has agreed to a contract extension, Vice President of Intercollegiate Athletics kevin granger announced Tuesday. LSU’s athletics department declined to comment through spokesperson Robert Munson, but there are hints the school became aware of this issue. Those contracts - like the one Jones signed at LSU - leave the door open for coaches to essentially double-dip. While many deals in Division I football and men’s basketball stipulate that a fired coach must make a reasonable effort to find a job and that his buyout payments will be reduced by all or some of his new salary, some do not explicitly require that the new job pay a market-value salary. In many cases, these loopholes are the byproduct of a few missing words in a contract. ![]() In another recent example, Charlie Strong coached South Florida for $1 million while continuing to rake in seven-figure buyout payments from Texas. ![]() Texas Southern is hardly the first school to use a new coach’s previous buyout provision to its advantage. Jones and athletics director Kevin Granger both declined to comment on the structure of the coach’s deal to USA TODAY Sports. He’ll also receive a one-time retention bonus of $200,000 on Aug. 1, which amounts to back pay for his first year. Jones might be making only $50,000 in his first season, but his base salary will jump to $250,000 on July 4, four days after his LSU buyout expires. When Mike Davis left Texas Southern after leading it to four NCAA tournament appearances in five seasons, the Southwestern Athletic Conference school was able to structure Jones’ five-year contract in a way that effectively circumvented LSU’s intent. The Tigers fired Jones without cause in March 2017, but his contract stipulated that he would receive $400,000 annually in buyout money, minus whatever he made in a future job. Let's just say there’s a good reason Texas Southern could offer Jones such a paltry salary – and it has everything to do with Jones’ former employer, LSU. So what’s the catch? Salary database: See a detailed breakdown of how much coaches make Census Bureau statistics, the median household income in the area is $49,399. In fact, it’s more or less the salary of an everyman in Houston, where the university is located. According to the latest U.S. And it's less than that each of the three full-time assistants on Jones’ own staff will be paid during the same time period. His base salary is less than 1 percent of the $7.95 million that Kentucky is paying John Calipari this season. In a world of ever-growing coaching salaries, where 55 coaches are making $2 million or more, Jones is being paid a relatively minuscule sum. Watch Video: Living in luxury: These perks will make you want to coach college basketballįormer LSU coach Johnny Jones will make just $50,000 in base salary as the head men’s basketball coach at Texas Southern this season. ![]()
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