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. POSTERIZED: Welcome to the 2014-15 season, Danuel House (VIDEO)

    Nov 23, 2014, 2:41 PM EST

    Danuel House AP

    Danuel House made his presence felt immediately for Texas A&M.

  2. Assigned Reading: Oakland’s Tommy McCune has overcome a lot while showing flashes of great play

    Nov 23, 2014, 2:10 PM EST

    tommy mccune Getty Images

    Oakland forward Tommy McCune had to overcome the loss of his mother after she lost her battle with cancer, but he’s shown flashes of great play early this season as he moves forward.

  3. Four-star 2015 big man cuts his list to three then visits SEC powerhouse

    Nov 23, 2014, 12:00 PM EST

    (Nike) (Nike)

    One of the best unsigned players in the 2015 class is down to three schools but then visited another school on Friday night.

  4. POSTERIZED: Wyoming’s Larry Nance Jr. throws down an alley-oop in traffic

    Nov 23, 2014, 11:00 AM EST

    Larry Nance (AP Photo) AP

    Looks like Larry Nance Jr. is fully recovered from last season’s ACL injury.

  5. Division III school makes buzzer-beating three-pointer against same opponent in back-to-back years (VIDEOS)

    Nov 23, 2014, 10:00 AM EST

    NCAA Men's Final Four - Practice Getty Images

    This is one of the wildest buzzer-beaters I’ve ever seen and the back story makes it that much more incredible.

  6. Pregame Shootaround: Tip-Off Tournaments and some ranked teams headline Sunday

    Nov 23, 2014, 9:10 AM EST

    AP AP

    Tournament action resumes on a busy Sunday of college hoops.

  7. Quinn Cook is thriving as an off-guard, and No. 4 Duke will reap the benefits

    Nov 23, 2014, 3:56 AM EST

    Getty Images Getty Images

    Concerns about Cook moving off the ball seem foolish through five games.

  8. Late Night Snacks: Rhode Island, Wyoming picks up big home wins

    Nov 23, 2014, 2:00 AM EST

    Rhode Island's E.C. Matthews (0), Nebraska's Shavon Shields (31) AP

    No. 21 Nebraska was the lone ranked team to fall on Saturday, but give them credit for being willing to go on the road to play a dangerous opponent.

  9. Indiana’s Devin Davis in attendance for team’s win over Lamar (VIDEO)

    Nov 23, 2014, 12:05 AM EST

    Landon Atterberry Devin Davis AP

    Devin Davis has been rehabbing from injuries suffered on November 1 in his hometown of Indianapolis.

  10. Duke’s Justise Winslow jumps over Stanford’s Chasson Randle (VIDEO)

    Nov 22, 2014, 11:33 PM EST

    Justise Winslow Justise Winslow

    Most people already knew that Winslow’s a high-level athlete. Here’s some evidence for those who somehow didn’t.

  11. Rhode Island pays tribute to Nebraska assistant coach’s son (PHOTOS)

    Nov 22, 2014, 11:22 PM EST

    Terrence Payne Terrence Payne

    Before their game against No. 21 Nebraska, Rhode Island took the floor in shirts honoring Avery Harriman.

  12. Two key Florida players declared questionable for Battle 4 Atlantis

    Nov 22, 2014, 9:44 PM EST

    Angel Rodriguez ,Eli Carter,Manu Lecomte Angel Rodriguez ,Eli Carter,Manu Lecomte

    Florida faces Georgetown in the opening round of the Battle 4 Atlantis Wednesday.

  13. Rhode Island upsets No. 21 Nebraska, 66-62, in overtime

    Nov 22, 2014, 9:37 PM EST

    AP AP

    The score was tied 41-41 with six minutes to go. Rams and Cornhuskers traded the lead five times after that.

  14. Second-half efficiency the difference as Wyoming steamrolls Colorado

    Nov 22, 2014, 8:06 PM EST

    Wyoming v UNLV Getty Images

    Wyoming may have scored just 56 points, but all 22 of their made field goals were assisted and they shot nearly 53 percent from the field.

  15. P.J. Boutte’s buzzer-beating floater pushes IUPUI past Ball State (VIDEO)

    Nov 22, 2014, 6:17 PM EST

    IUPUI Athletics IUPUI Athletics

    Boutte’s shot came seconds after he corralled a wayward pass from teammate Marcellus Barksdale.

  16. No. 6 North Carolina wins as Kennedy Meeks posts another double-double

    Nov 22, 2014, 4:58 PM EST

    Kennedy Meeks, Brice Johnson Kennedy Meeks, Brice Johnson

    Meeks accounted for two double-doubles all season in 2013-14. He’s now matched that total through three games.

  17. Providence cruises past struggling Florida State as Kris Dunn looks like a major factor

    Nov 22, 2014, 4:46 PM EST

    Carson Desrosiers, Montay Brandon AP

    Providence jumped out to a quick 9-0 lead and cruised to an easy win over Florida State.

  18. After slow start, Notre Dame uses nice guard balance, defense to run past UMass

    Nov 22, 2014, 2:30 PM EST

    Jabarie Hinds, Demetrius Jackson AP

    Notre Dame guards Demetrius Jackson and Jerian Grant played well to help lead the Irish to victory.