UM System Board of Curators approves Odom’s contract

The UM System Board of Curators approved a 5-year contract worth $2.35 million annually for Mizzou football coach Barry Odom on Friday. Odom’s base salary is $450,000.

There is an additional guaranteed non-salary compensation amount of $1,900,000. The last figure covers guarantees of $475,000 each in four different categories related to operating the football program: radio appearances, television appearances, apparel rights, and public relations and stewardship appearances. Odom will also receive an annuity payment in the amount of $100,000 per year ($500,000 total) contingent upon his being in good standing on the final date of his contract period.

“I’m very grateful to, Chancellor Hank Foley, President Mike Middleton, the Board of Curators and the entire university administration for this opportunity,” Odom said. “Through this process they have shown an unwavering commitment to provide us with the resources we need to attract and retain an elite staff and support our student-athletes in order to compete at the highest level.”

Odom’s contract also includes incentives worth up to $1.5 million per year. The incentives will be related to academics, social responsibility, performance on the field and coaching recognition.

Odom would get a $250,000 non-salary compensation increase should Mizzou win an SEC championship. He would also get $250,000 if Mizzou played in a New Year’s Six bowl game (Cotton, Fiesta, Orange, Peach, Rose, Sugar)Those increases would be added to the non-salary figure a maximum of one time each for the remainder of the contract term.

This contract is based upon a memorandum of understanding, which means it is not yet finalized. There are additional details to be determined related to incentive compensation. Until the contract is finalized, the memorandum will be in place.

The contract went into effect on Dec. 3, 2015 and runs through Feb. 28, 2021, with a mutual option for a two-year extension.