Skip to content

Shaka Smart’s new contract at Virginia Commonwealth

Oct 20, 2013, 12:15 PM EDT

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. Illinois declares home floor fit for play following flooding issue

    Oct 30, 2014, 11:53 PM EDT

    Twitter/IlliniHoops Twitter/IlliniHoops

    Quick action by construction workers ensured that it was declared ready for play two days after being flooded.

  2. Officiating controversy results in multiple suspensions

    Oct 30, 2014, 10:41 PM EDT

    Chris Collins, Bo Boroski Chris Collins, Bo Boroski

    Some officials are in hot water after compromising a system used by 20 different Division I conferences.

  3. Canadian forward/center verbally commits to Saint Louis

    Oct 30, 2014, 8:58 PM EDT

    crews AP

    Saint Louis adds more depth to its front court with this verbal commitment.

  4. Transfer center will sit out upcoming season at Florida

    Oct 30, 2014, 7:26 PM EDT

    John Egbunu, Austin Nichols, David Pellom John Egbunu, Austin Nichols, David Pellom

    John Egbunu was an American Athletic Conference All-Freshman Team selection at USF last season.

  5. VCU’s Treveon Graham: From lightly recruited to leader of Havoc, the Atlantic 10 favorites

    Oct 30, 2014, 6:30 PM EDT

    AP AP

    The Preseason Atlantic 10 Player of the Year is looking to lead VCU deep into March.

  6. Canisius to be without two forwards due to ankle injury, suspension

    Oct 30, 2014, 4:45 PM EDT

    Jim Baron Jim Baron

    The Golden Griffins have to account for the loss of four starters from last season’s 21-win team.

  7. Kentucky, Xavier among those participating in #Layup4Lauren challenge (VIDEOS)

    Oct 30, 2014, 3:56 PM EDT

    Screen Shot 2014-10-27 at 4.03.04 PM

    Feel free to take this as my challenge to you all.

  8. Top 25 Countdown: No. 7 North Carolina Tar Heels

    Oct 30, 2014, 2:32 PM EDT

    marcus paige Getty Images

    North Carolina should be a national title contender, but they do have some question marks.

  9. Dayton’s Elite 8 run, Archie Miller’s decision to stay help continue Atlantic 10’s success

    Oct 30, 2014, 1:45 PM EDT

    Getty Images Getty Images

    Dayton head coach Archie Miller spurned high-major programs to remain at Atlantic 10. He’s not the only one in the league happy with where they are.

  10. Assigned Reading: Devonta Pollard opens up about the kidnapping he was involved in

    Oct 30, 2014, 12:56 PM EDT

    NIT Northeastern Alabama AP

    Pollard is looking to reignite his career at Houston this season.

  11. 2014-2015 Season Preview: Treveon Graham, VCU enter as favorites in the Atlantic 10

    Oct 30, 2014, 12:00 PM EDT

    AP AP

    The Atlantic 10 is out to gain respect again this season from the rest of the college basketball world, a year after the league saw a record six teams selected for the NCAA tournament with one team reaching the Elite 8.

  12. Former Georgia Tech head coach recuses self from Syracuse’s NCAA hearing

    Oct 29, 2014, 11:30 PM EDT

    bobby-cremins AP

    Bobby Cremins says that his relationships with other coaches has led to his having to recuse himself from other cases in the past.

  13. Transfer guard dismissed from Minnesota program

    Oct 29, 2014, 9:48 PM EDT

    Zach Lofton, Zach Lofton,

    Zach Lofton was expected to develop into a more efficient player during his year sitting out per NCAA transfer rules.

  14. Long Beach State, head coach Dan Monson agree to contract extension

    Oct 29, 2014, 8:30 PM EDT

    Dan Monson AP

    Monson is four wins away from becoming Long Beach State’s winningest coach.

  15. Buffalo-area programs to wear special jerseys for Big 4 Basketball Classic

    Oct 29, 2014, 6:51 PM EDT

    Big 4 Basketball Classic Big 4 Basketball Classic

    Buffalo, Canisius, Niagara and St. Bonaventure will wear Buffalo Braves-inspired uniforms for their doubleheader November 29.

  16. ACC releases its preseason media poll, all-conference team

    Oct 29, 2014, 5:10 PM EDT

    AP AP

    North Carolina’s Marcus Paige was the media pick to win ACC Player of the Year.