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Contract details for Mike Locksley's extension

Writer's picture: Ahmed GhafirAhmed Ghafir

Maryland announced a new contract for head coach Mike Locksley on Friday, just one day ahead of the spring game.


Locksley will now receive $4 million annually with a $100,000 raise each season beginning in 2023. If a minimum APR of 930 is reached, Locksley can also earn an additional $1.525 million in performance incentives, including:


Big Ten Championship game

  • Participate: $200,000

  • Win: $300,000

Bowl participation

  • Non-CFB Bowl Participant: $50,000

  • New Year’s Six Bowl Participant (non semi-final): $150,000

  • CFB Semi-Final Bowl Participant: $250,000

  • CFB Championship Game Participant: $350,000

Bowl outcomes

  • Win non-CFB bowl: $70,000

  • Win New Year’s Six Bowl: $150,000

  • Win CFB Bowl: $250,000

  • Win CFB National Championship: $500,000

Big Ten Coach of the Year: $25,000

AP National Coach of the Year: $50,000

Regular season wins:

  • 7 wins: $100,000

  • 8 wins: $100,000

  • 9 wins: $100,000

Locksley’s contract also includes an addendum that triggers an extension depending on win total. If Maryland wins at least seven games in 2022, Locksley receives a one-year extension. If Maryland wins at least seven games in 2023, Locksley receives a one-year extension. If Maryland wins seven games in 2023 but fails to do so in 2022, Locksley receives a two-year extension.


Locksley’s buyout is structured as 65% of the total remaining annual base salary and supplemental income that would have been paid through December 31, 2026. Buyout would need to be paid within 60 days, as well.


If Locksley terminates his contract, he is due to pay Maryland within one year:

  • $7 million if termination occurs between 1/1/2022 - 12/31/2022

  • $5 million if termination occurs between 1/1/2023 - 12/31/2023

  • $1.5 million if termination occurs between 1/1/2024 - 12/31/2024

  • $1 million if termination occurs between 1/1/2025 - 12/31/2025

  • $500,000 if termination occurs between 1/1/2026 - 12/31/2026


*if one-year extension is triggered, Locksley owes:

  • $5 million if termination occurs between 1/1/2023 - 12/31/2023

  • $3 million if termination occurs between 1/1/2024 - 12/31/2024

  • $1.5 million if termination occurs between 1/1/2025 - 12/31/2025

  • $1 million if termination occurs between 1/1/2026 - 12/31/2026

  • $500,000 if termination occurs between 1/1/2027 - 12/31/2027


*if consecutive one-year extensions triggered, Locksley owes:

  • $3 million if termination occurs between 1/1/2024 - 12/31/2024

  • $1.5 million if termination occurs between 1/1/2025 - 12/31/2025

  • $1 million if termination occurs between 1/1/2026 - 12/31/2026

  • $500,000 if termination occurs between 1/1/2027 - 12/31/2027

  • $500,000 if termination occurs between 1/1/2028 - 12/31/2028


*if two-year extension triggered

  • $2.5 million if termination occurs between 1/1/2024 - 12/31/2024

  • $1.5 million if termination occurs between 1/1/2025 - 12/31/2025

  • $1 million if termination occurs between 1/1/2026 - 12/31/2026

  • $500,000 if termination occurs between 1/1/2027 - 12/31/2027

  • $500,000 if termination occurs between 1/1/2028 - 12/31/2028


The contract does not provide any additional staffing budget for Locksley and only notes that Locksley “acknowledges that no medical or training personnel will report to him or other members of the coaching staff.”


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