06-20-2011, 10:31 AM
Nevada's Chris Ault, a successful coach with a best-ever team ranking, renegotiates his salary for LESS. Per ESPN:
"The 64-year-old Ault, entering his 27th season as Nevada's coach, had earned a base annual salary of $443,092, plus performance bonuses.
While his contract calls for a $25,000 annual salary increase, Ault decided to forfeit the increase in the coming year and voluntarily accept a 4.8 percent salary reduction along with other university faculty and staff on the state-funded portion of his salary. That means his salary starting July 1 will be $435,119 instead of $476,065.
"In light of our statewide troubled economy and the cuts many of our state workers are enduring, I felt it was important to share in the reductions," Ault said in a statement. "I look forward to the continued building of our football tradition and success."
Ault was the lowest-paid head coach among teams that finished in the final AP Top 25 last season, and was the only Top 25 coach to make less than $1 million .
"The 64-year-old Ault, entering his 27th season as Nevada's coach, had earned a base annual salary of $443,092, plus performance bonuses.
While his contract calls for a $25,000 annual salary increase, Ault decided to forfeit the increase in the coming year and voluntarily accept a 4.8 percent salary reduction along with other university faculty and staff on the state-funded portion of his salary. That means his salary starting July 1 will be $435,119 instead of $476,065.
"In light of our statewide troubled economy and the cuts many of our state workers are enduring, I felt it was important to share in the reductions," Ault said in a statement. "I look forward to the continued building of our football tradition and success."
Ault was the lowest-paid head coach among teams that finished in the final AP Top 25 last season, and was the only Top 25 coach to make less than $1 million .
