Current:Home > FinanceDabo Swinney Alabama clause: Buyout would increase for Clemson coach to replace Nick Saban -DollarDynamic
Dabo Swinney Alabama clause: Buyout would increase for Clemson coach to replace Nick Saban
View
Date:2025-04-14 17:06:46
With the retirement of Alabama football coach Nick Saban on Wednesday, the Crimson Tide are now looking for something they haven't needed since 2007: a new head coach.
Oregon's Dan Lanning was the early favorite among projected Alabama targets, though the former Crimson Tide graduate assistant and Georgia defensive coordinator shot down reports he was interviewing for the position. While Alabama has yet more high-profile candidates to consider, one name who has consistently cropped up is a coach with whom Crimson Tide fans are well-acquainted.
Clemson coach and former Alabama walk-on receiver Dabo Swinney is on several short lists to replace the Crimson Tide legend, including by The Tuscaloosa News. Whether the same is true among Alabama's decision-makers is unknown. But at least one hangup for a reunion in Tuscaloosa exists in the form of Swinney's own contract with Clemson.
First introduced in 2019 and reintroduced in his 2022 extension, Swinney's most recent contract includes an Alabama-specific clause that bumps up the cost of his buyout should he take over at Alabama. It states that Swinney will have a 150% higher buyout than if he were to leave the Tigers for any other team in college football.
“How I look at that is Coach’s commitment to Clemson,” Clemson athletics director Graham Neff said in September 2022. “If you were to look at the market for the buyouts, Coach’s buyout to Clemson even before any of the additive for Alabama specifically is the highest of his market, the top 10 markets.
“That commitment that he has to Clemson sets the market … that’s how I see those buyout dollars, because there’s a lot of them around the country and the market that aren’t a whole lot if anything. So even those dollars there from Coach are emblematic of his commitment to Clemson.”
Here's what you need to know about Swinney's Alabama clause in his Clemson contract.
Dabo Swinney Alabama clause, explained
Swinney's contract includes a distinctive clause that increases his buyout should he leave Clemson to coach Alabama: namely, that he would have to pay 150% of his buyout in a given year if he chooses to coach the Crimson Tide.
While the percentage remains the same throughout the life of the contract, the buyout amount does decrease periodically. At the time he signed the extension in September 2022, that meant he would have had to pay $9 million — not $6 million — if he chose to return to Tuscaloosa at any time during the 2022 calendar year.
Here's a year-by-year breakdown of the penalty Swinney would incur, as specified in his contract (Alabama buyout listed in parentheses):
- 2022: $6 million ($9 million)
- 2023: $5 million ($7.5 million)
- 2024: $5 million ($7.5 million)
- 2025: $4 million ($6 million)
- 2026: $3 million ($4.5 million)
- 2027: $3 million ($4.5 million)
- 2028: $2 million ($3 million)
- 2029: $2 million ($3 million)
- 2030: $1 million ($1.5 million)
- 2031: $0
Dabo Swinney contract details
Swinney's 10-year, $115 million deal with Clemson was signed in September 2022 and runs through 2031. It solidified his position as one of college football's highest-paid coaches, giving him an average annual salary of $11.5 million. The Tigers coach made $10.9 million for the 2023 college football season (second in all of college football, behind only Saban's $11.4 million).
Performance incentives based on championship appearances and Coach of the Year awards add another layer of potential earnings.
Dabo Swinney ties to Alabama
Swinney, originally hailing from Pelham, commenced his football journey in 1990 as a walk-on wide receiver for the Crimson Tide, culminating in the team's national championship season in 1992.
Following his playing days, Swinney transitioned into coaching, initially serving as a graduate assistant under Gene Stallings from 1993-95. His commitment and expertise led to a full-time coaching position from 1996 to 2000, during which time he took charge of coaching Alabama's receivers and tight ends.
We occasionally recommend interesting products and services. If you make a purchase by clicking one of the links, we may earn an affiliate fee. USA TODAY Network newsrooms operate independently, and this doesn’t influence our coverage.
veryGood! (4)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- US applications for jobless claims fall to lowest level in 9 weeks
- South Carolina sheriff: Stop calling about that 'noise in the air.' It's cicadas.
- Angel Reese, Kamilla Cardoso give Chicago, WNBA huge opportunity. Sky owners must step up.
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Amanda Seales reflects on relationship with 'Insecure' co-star Issa Rae, talks rumored feud
- The Daily Money: The best financial advisory firms
- Worst U.S. cities for air pollution ranked in new American Lung Association report
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Man falls 300 feet to his death while hiking with wife along Oregon coast
Ranking
- Questlove charts 50 years of SNL musical hits (and misses)
- Louisiana dolphin shot dead; found along Cameron Parish coast
- US growth likely slowed last quarter but still pointed to a solid economy
- New airline rules will make it easier to get refunds for canceled flights. Here's what to know.
- South Korean president's party divided over defiant martial law speech
- Billie Eilish opens up about lifelong battle with depression: 'I've never been a happy person'
- Bridgerton's Nicola Coughlan Has Regal Response to Criticism Over Outfit Choice
- Biden grants clemency to 16 nonviolent drug offenders
Recommendation
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Review: Zendaya's 'Challengers' serves up saucy melodrama – and some good tennis, too
Timberwolves' Naz Reid wins NBA Sixth Man of the Year Award: Why he deserved the honor
Harvey Weinstein's 2020 Rape Conviction Overturned by Appeals Court
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Chinese student given 9-month prison sentence for harassing person posting democracy leaflets
US growth likely slowed last quarter but still pointed to a solid economy
Shohei Ohtani finding comfort zone with scandal (mostly) behind him. Watch out, MLB teams.