Mike Norvell's on-field successes will be the biggest reason he'll field Power Five interview requests at the end of the regular season — if he isn't already — but his small buyout will be an added bonus for programs interested in hiring him away from Memphis.
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Norvell signed a five-year contract upon arriving at Memphis in late 2015. He then signed a one-year extension after his first season that also slightly increased his annual salary from $1.8 to $1.86 million. The new deal runs through the 2021 season and includes a "Liquidated Damages" section that states how much he must pay the university if he were to leave before the end of the deal.
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"In the even Coach terminates this Agreement before its expiration," the contract states, "Coach shall pay in full as liquidated damages to the University the sum of five hundred thousand dollars ($500,000), to be paid within ninety (90) days of termination."
For comparison, Iowa State head coach Matt Campbell — also rumored to be a potential coaching candidate — has a termination buyout of $9.4 million after the season.
Norvell's contract will no impact on a school's attempt to hire him away from Memphis.
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