Documents: Southern, coach Sean Woods agree to three-year, $125K incentive-laden contract

BATON ROUGE, Louisiana -- Sean Woods, who was officially introduced as Southern’s new men’s basketball coach April 12, has agreed to a three-year contract worth $125,000 a year with additional incentives possible, according to documents obtained by The Advocate.

Woods’ contract must be officially approved by Southern’s Board of Supervisors at its meeting Friday.

Laden with “exemplary performance” incentives, Woods’ three-year term with Southern officially begins May 1 and continues until April 30, 2021.

Woods has several possible bonuses written into his contract:

• $10,416.67 (one month's salary) for a Southwestern Athletic Conference regular-season championship; $1,000 for each assistant coach

• $10,416.67 for a SWAC tournament title; $1,000 for each assistant

• $5,000 for each 20-win season; $1,000 for each assistant

• $10,416.67 for each NCAA tournament win; one month's salary for each assistant

• $25,000 for a Final Four appearance; $10,500 for each assistant

• $50,000 for a national championship; $20,000 for each assistant

CONTINUE READING