March 3rd, 2017 | by CollegeAD

New Southern Miss athletic director Jon Gilbert will receive $350,000 a year over the course of his four-year contract. Gilbert’s contract runs from March 1, 2017, until February 28, 2021. If Gilbert terminates his contract without cause in his first 18 months on the job, he will owe the university 75 percent of one of year of his base salary. If he leaves between his 19th and 36th month on the job, he will owe USM 50 percent of his base salary. If he departs in the final six months of his contract, USM will be owed 25 percent of his base salary. Gilbert has performance-based incentives that includes $25,000 if the football program reaches a bowl game in the New Year’s Six and $50,000 if USM participates in the College Football Playoff. If the men’s basketball program reaches the NCAA Tournament, Gilbert will receive $10,000. Gilbert will be given one courtesy mobile at annual cost not exceeding $10,000 a year. Gilbert will receive up to $15,000 reimbursement for moving expenses. – Patrick Magee, Sun Herald. Read More.

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