Newly-named University of Arkansas women’s basketball coach Jimmy Dykes is set to make about $450,000 per year in guaranteed money over the next four years, according to the former ESPN analyst’s contract with the university.
The university’s released the terms of the deal Monday after 5NEWS requested the coach’s contract. The contract places Dykes’ base salary at $250,000 per year, with an additional $200,000 per year for other compensation ranging from speaking engagements to TV and radio appearances.
The deal also includes a company vehicle and severance pay compelling the university to pay Dykes the remainder of his four-year contract money if he is fired.
The contract includes several potential incentive-based payments as well. Winning the Southeastern Conference regular season would net Dykes an extra $50,000, while an SEC Tournament Championship would give the coach an additional $25,000. If Dykes is named the SEC Coach of the Year or the National Coach of the Year, he is eligible for $25,000 in additional payments.
The university will pay Dykes $25,000 if the Razorbacks reach the NCAA Tournament, while a Final Four appearance or National Championship would give the coach an extra $100,000 or $200,000, respectively.
The contract also includes academic incentives, with up to $10,000 in incentives for the coach if several of his players graduate on time.
Dykes was introduced as the new head coach for the women’s basketball team Sunday night.
Dykes graduated from Arkansas in 1985 and was a three-year letterman under coach Eddie Sutton. He then became an assistant coach for the Razorbacks.
Dykes followed up his time in Fayetteville with assistant coaching jobs at at Sacramento State University, Appalachian State University, University of Kentucky, University of Arkansas-Little Rock and Oklahoma State.
Dykes has no head coaching experience.
Dykes, 52, joined ESPN in 1995 and has been a basketball analyst with the network ever since.
Dykes replaces Tom Collen, who was let go earlier this month after seven seasons with the team.