Shaka Smart Signs Eight-Year Contract With VCU Worth $1.2 Million Per Season, According To Report

New details have emerged about Shaka Smart's new contract to remain VCU basketball's head coach, and it appears he took a pay cut of sorts. Smart will sign an eight-year contract with a base salary of $1.2 million per season, less than the reported annual salary he would have received at North Carolina State, according to FOX Sports' Jeff Goodman. That figure does not include bonuses.

Smart decided to stay at VCU over bolting to North Carolina State, his athletic director confirmed earlier. N.C. State was prepared to offer him a six-year contract worth nearly $2 million a year, according to a previous report. This means that Smart took an $800,000 or so pay cut annually in exchange for two more years on his contract.

Of course, this is still a major raise on Smart's previous contract, which paid him a base salary of just $350,000 a year, so Smart is making out just fine. 

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation DC

You must be a member of SB Nation DC to participate.

We have our own Community Guidelines at SB Nation DC. You should read them.

Join SB Nation DC

You must be a member of SB Nation DC to participate.

We have our own Community Guidelines at SB Nation DC. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.