Skip to content

Shaka Smart’s new contract at Virginia Commonwealth

Oct 20, 2013, 12:15 PM EST

VCU v Michigan Getty Images

In this day and age, job security is seemingly as important as a high-paying job.

For Shaka Smart, he has both at Virginia Commonwealth.

On October 11th, Smart signed a new contract with VCU — different from the one he signed this past March — that enables the 36 year old coach to remain in his current job through 2028. The previous deal went through 2023.

According to Paul Woody of the Richmond Times-Dispatch, Smart’s base salary is $450,000 per year, but his supplemental income increases from $800,000 to $950,000 with the new deal. Furthermore, Smart’s guaranteed compensation is $1.45 million in the first year of the contract and $1.5 million in subsequent years.

What makes it such a unique contract are the many incentives:

In addition to his base salary and supplemental income, the contract states Smart will receive $25,000 per year for university sponsored radio and television appearances.

Smart can be required to speak at or attend events or functions sponsored by the university, the university development office and other affiliated organizations that benefit the university directly or indirectly.

He will receive $25,000 annually for such appearances.

Other potential compensation includes $6,500 for every VCU game broadcast nationally and $3,500 per game broadcast outside the VCU or Atlantic 10 package.

Smart will receive $5,000 for a victory over a member of the ACC — four are on VCU’s schedule this season — and $2,000 for defeating Old Dominion.

If the Rams miss the NCAA tournament but are selected for the NIT, Smart will receive $2,000. He can make as much as $31,000 if VCU wins the NIT.

If the Rams win 20 or more games in a season, Smart receives a $20,000 bonus.

There also are incentives for players’ academic performances. Smart receives $4,000 for each player who graduates by the summer of the completion of his athletic eligibility and $2,000 per player for any who graduate within one year of the completion of their eligibility.

Smart’s new contract sends a message of program stability and reaffirms to prospective recruits and donors that Smart is content at VCU. Recall that his name was continually being mentioned for big time jobs in the past, namely Illinois, Minnesota UCLA, and USC.

Smart became VCU’s coach in 2009 after Anthony Grant left to take the head coaching position at Alabama. In his four years at the helm, Smart has advanced to the NCAA Tournament three seasons, and went to the Final Four in 2011 as a No. 11 seed. He has a record of 111-37 over the four seasons.

Latest Posts
  1. Well-traveled former Ole Miss guard transfers to a new school

    Jan 25, 2015, 2:30 PM EST

    Auburn Mississippi Basketball AP

    Well-traveled former Ole Miss guard Derrick Millinghaus has found a new home.

  2. Kentucky lands commitment from international Class of 2016 big man

    Jan 25, 2015, 1:21 PM EST

    (Basketball New Zealand) (Basketball New Zealand)

    Kentucky is on the board in the 2016 class with a highly-touted big man from New Zealand.

  3. Former Memphis forward is transferring to Rhode Island

    Jan 25, 2015, 1:00 PM EST

    Kuran Iverson, Greg Lewis AP

    A former four-star prospect is heading to Rhode Island.

  4. Former Miami (OH) point guard now a hot name in the 2015 NFL Draft

    Jan 25, 2015, 12:00 PM EST

    Quinten Rollins, Javarez Willis AP

    A former Miami point guard is finding tremendous success on the football field and is a even being talked about as a first-rounder in the 2015 NFL Draft.

  5. Report: Elite 2016 international big man could decide today between Kentucky, Texas and Villanova

    Jan 25, 2015, 10:10 AM EST

    (Basketball New Zealand) (Basketball New Zealand)

    One of the best big men in the 2016 class could decide between three powerhouse programs on Sunday.

  6. Pregame Shootaround: Coach K goes for win 1,000 against St. John’s; 11 ranked teams in action

    Jan 25, 2015, 9:00 AM EST

    Mike Krzyzewski AP

    Coach K goes for win No. 1,000 against St. John’s and a fun battle of elite freshmen guards in the Big Ten are Sunday’s highlights.

  7. Austin Nichols hits a game-winner, Memphis coach Josh Pastner dances (VIDEO)

    Jan 25, 2015, 1:05 AM EST

    Getty Images Getty Images

    I feel comfortable saying I’m a better dancer than Josh Pastner. Not by much, though.

  8. Saturday’s Snacks: No. 18 West Virginia, Georgetown win absolute thrillers

    Jan 24, 2015, 11:58 PM EST

    AP Photo AP Photo

    Get caught up on everything that has happened in college basketball on Saturday.

  9. Northwestern State staff wears special pants for ‘Suits and Sneakers’ game against McNeese State (PHOTO)

    Jan 24, 2015, 11:34 PM EST

    Patrick Netherton Patrick Netherton

    The pants worn by the coaching staff were one of the highlights in Northwestern State’s 92-68 win over McNeese State.

  10. #POSTERIZED: Memphis’ Markel Crawford dunks on Tulane defender (VIDEO)

    Jan 24, 2015, 9:31 PM EST

    Central Florida v Memphis Central Florida v Memphis

    Crawford and his teammates are looking to rebound from the 18-point loss they suffered at Tulsa Wednesday night.

  11. Central Connecticut State beats Wagner on Brandon Peel’s buzzer-beating three (VIDEO)

    Jan 24, 2015, 9:20 PM EST

    CCSU Athletics CCSU Athletics

    Peel finished the game with 17 points, 13 rebounds and five blocks as the Blue Devils picked up their first win in NEC play.

  12. No. 21 Baylor beats No. 19 Oklahoma, should we be concerned about the Sooners?

    Jan 24, 2015, 8:34 PM EST

    Getty Images Getty Images

    Baylor really needed this win, but Oklahoma has now lost three of their last four.

  13. Balanced effort moves William & Mary into tie for first in the CAA (VIDEO)

    Jan 24, 2015, 7:20 PM EST

    William & Mary v North Carolina William & Mary v North Carolina

    The Tribe bounced back from a loss at Delaware earlier in the week to move into a tie for first in the CAA.

  14. Slow start dooms No. 9 Iowa State as they lose at Texas Tech

    Jan 24, 2015, 6:46 PM EST

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpwrjywuxywyyywu3mjy5mddjotbkn2i1nzqynjq3zdhk AP

    Texas Tech hit its first five three-pointers and led by as many as 19 points in the first half of their 78-73 win over the Cyclones.

  15. No. 11 Kansas makes a statement blowing out No. 17 Texas

    Jan 24, 2015, 4:52 PM EST

    Getty Images Getty Images

    “We are still the best team in the Big 12″ — Kansas, on Saturday.

  16. #POSTERIZED: Marquette’s Derrick Wilson with a surprising poster (VIDEO)

    Jan 24, 2015, 3:14 PM EST

    Screen Shot 2015-01-24 at 3.10.44 PM

    Wilson dunks all over Georgetown’s Paul White.

  17. Iowa star Aaron White suffers ‘stinger’ in shoulder against Purdue

    Jan 24, 2015, 1:53 PM EST

    Traevon Jackson, Aaron White

    White is the leading scorer and rebounder for the Hawkeyes.