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| Gator Bowl |
January 1, 2001
12:30 PM on NBC
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| Michael Vick Website |
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| The Conference |
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Frank Beamer and his Staff are staying in Blacksburg
Beamer signs deal worth over 1 million per year
Head Coach Frank Beamer and his staff are staying in Blacksburg, after signing a new deal with the university.
"I have taken my name out of consideration at both North Carolina and Alabama," said Beamer."When you get away a little bit, you realize how special this place is. I know that the grass always looks greener on the other side. But when you sit back and look, you see how green the grass is right here. It's always flattering when people are interested in you and think you are doing a good job. But when it's all said and done, what I really want to do is continue to build this program and be the best program in the country year-in and year-out." Beamer stated all of this at a press conference.
Frank Beamer's new deal is worth $1.025 million per year plus incentives. In the new package, he will receive a $200,000 bonus if he leads his team to a BCS Bowl and a $100,000 bonus for bringing the Hokies to any other bowl. These amounts are in addition to the normal bowl compensation currently in his contract.
"We have an outstanding, if not the best, college football coach in America," said Virginia Tech Director of Athletics Jim Weaver. "Every year when you're as good as our coaches have made this program in recent years, you're going to have people who come calling for their services. We are pleased that we were able to conclude negotiations this morning and reach a new arrangement that will keep Coach Beamer at Virginia Tech."
An additional $100,000 annually will be devoted to raises for the coaching staff. The coaches also will receive new bonuses based on the Hokie's bowl participation and performance. Each staff member will receive an additional $25,000 if the team plays in a national championship game and $10,000 more for a win. They will receive $20,000 for going to a BCS bowl and $5,000 for a win. A Gator Bowl appearance will earn the coaches $15,000 and a win will earn them $3,750 more. Any other bowl appearance is worth $10,000 more and a win is worth another $2,500.
"I am very pleased to see Coach Beamer stay with Virginia Tech, his alma mater and place of his greatest coaching successes. His tenure at the university has included a remarkable run at the national championship and eight years of football excellence. We hope that he has many more in the future, all of them here at Virginia Tech," said Virginia Tech President Charles Steger. "Frank's package will be slightly more than one million dollars per year. Additionally, the assistant coaches will be receiving base pay raises that will rank the staff salaries number three in the nation."
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