Maryland has released the contract details of men’s basketball head coach Kevin Willard and assistants Tony Skinn, Grant Billmeier and David Cox.
Willard’s contract runs through March 31, 2029 with a $500,000 annual base salary and $3.4 million in supplemental income. Willard’s contract also states a $100,000 annual increase in supplemental income each year beginning in year two, resulting in supplemental income of $4 million in year seven. Willard is able to earn a maximum of $695,000 in incentive compensation.
Big Ten Regular Season Champions: $75K (outright), $50K (tie)
Big Ten Conference Tournament Champion: $75K
NCAA Tournament Bid: $25K
Round of 32 of NCAA Tournament Appearance: $30,000 (cumulative; may be earned annually)
NCAA Tournament, maximum attainable $400,000 as follows:
Sweet Sixteen Appearance: $75K
Elite Eight Appearance: $150K
Final Four Appearance: $200K
National Championship Appearance: $250K
National Champion: $400
Big Ten Coach of the Year, as voted by coaches or media: $40K
National Coach of Year, as voted by sportswriters, AP, USA Today or Naismith: $50K
Maryland may “terminate the contract without cause” and continue paying in an amount equal to 90% of Willard’s annual guaranteed compensation. Should Willard leave for another job, the contract is also structured as follows:
Effective date - 3/31/2023: $4.5 million
4/1/2023 - 3/31/2024: $2 million
4/1/2024 - 3/31/2025: $2 million
4/1/2025 - 3/31/2026: $1.5 million
4/1/2026 - 3/31/2027: $1.5 million
4/1/2027 - 3/31/2028: $1 million
4/1/2028 - 3/31/2029: no buyout
Should Maryland make a coaching change without cause, Maryland would owe $22.95 million to Willard in 2023, $19.35 million in 2024, $15.66 million in 2025, $11.88 million in 2026, $8.01 million in 2027 and $4.05 million in 2028.
All three of Maryland basketball’s assistant coaches, meanwhile, have signed one-year deals. Skinn earns $475,000, Cox earns $400,000 while Billmeier earns $275,000.
Billmeier became the last assistant announced on the Terps’ staff after signing his contract on Sunday, rounding out the first head coaching staff for Willard. The former Seton Hall head coach was transparent about the boxes he wanted to check off when rounding out the latest hires.
“I already have two guys on staff, both guys are from this area, have went to high school in this area, one went to college in this area,” Willard said during his introductory press conference. “I have a very good understanding what we need to do to recruit this area and the type of guys that need to be on my staff. What I love about the DMV is that not only does it have great players, it's extremely well-coached. At the high school level and the AAU level, there's some of the best programs. It's just not because they have great players. It's also because they have great coaches in this area. So my staff will reflect what this area is, and we'll definitely be involved with guys that grew up here, guys that maybe went to college here and guys that know the AAU and high school programs really well.”