Isiah Thomas Gets an Interesting Deal to Coach

April 23, 2009

If FIU makes money on Isiah Thomas’ name, the Hall of Famer will cash in as well.

The former New York Knicks coach and president will earn $1.29 million in base salary and scheduled bonuses from FIU if he stays for five seasons, plus be eligible for incentives and any state-approved raises.

He also could reap plenty of additional money along the way, according to documents obtained Thursday by The Associated Press.

As a bonus, Thomas will receive nearly half of any gross revenues from ticket sales, commissions collected on food and beverage concessions and sponsorships — excluding the existing naming rights deal with U.S. Century Bank. In all three cases, FIU will keep the first $1,000 collected, then split the rest with Thomas.

 

Click to read.

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