"Fitzgerald will make $5 million guaranteed in his first year and will be paid at least $500,000 more in each of the following four seasons. If he helps Michigan State win seven games in any of his first three seasons, an extra year and $500,000 will be added to his contract. If the Spartans simply win six games or more in the regular season, he will earn a $500,000 bonus; seven wins would give him an additional $1 million and an eight-win season would trigger a $1.5 million bonus."
"Michigan State fired Jonathan Smith on Sunday after he was 9-15 and 4-14 in the Big Ten, giving him more than $30 million to buy out the rest of his contract. Two of the team's top players, standout receiver Nick Marsh and running back Makhi Frazier, plan to enter the portal. The program has struggled since Mark Dantonio retired and ended a record-breaking, 13-year run with consecutive 7-6 seasons and a .500 Big Ten record over two years."
Pat Fitzgerald accepted a five-year, $30 million incentive-driven contract to become Michigan State head football coach after interviewing with eight schools. The deal guarantees $5 million in year one, at least $500,000 increases annually, and performance bonuses for six, seven and eight-win seasons, plus bonuses for a Big Ten or national championship and an extra year for early success. Michigan State recently fired Jonathan Smith after a 9-15 overall and 4-14 Big Ten mark and paid a buyout exceeding $30 million. Two key players plan to enter the transfer portal, and the program has struggled since Mark Dantonio's retirement and Mel Tucker's dismissal.
Read at ESPN.com
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