Thursday, April 8, 2010

Zeigler, Heeke reach agreement

Central Michigan men's basketball coach Ernie Zeigler and Athletics Director Dave Heeke have reached a verbal agreement on a new 4-year contract sources close to the situation tell me.

The new deal will pay Zeigler just under $200,000 guaranteed this season and will begin immediately. The deal includes a $20,000 annual payment for media obligations and have a base salary over $175,000 in the first year of the deal with an undisclosed percentage raise after each season.

The new contract is also very incentive based which could pay Zeigler a lot more money if he finds himself winning Mid-American Conference titles and making NCAA Tournament appearances. Other incentives include attendance rates and graduation rates.

While the deal has yet to be signed, it is expected to be made official over the next few days.

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Anonymous Anonymous said...

I love incentive laden contracts. Employee has an established salary, but if they believe in themselves (as most do) they are willing to take on the incentives believing they will accomplish much more, thereby enriching the school, the program, the players, and themselves.

No high performance, no high pay.

April 8, 2010 at 8:29 PM 
Blogger Drew Ellis said...

Yeah, I think all sports could highly benefit from incentive based contracts but many athletes and coaches want to make sure they are getting a certain amount of pay. It will be interesting to see what kind of incentives and pay come out of the contract, but a championship season could make Zeigler a nice pay check

April 8, 2010 at 8:40 PM 
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April 9, 2010 at 4:15 AM 
Anonymous Stewmagoo said...

Now with a verbal agreement for a new contract maybe his son will commit to the Chippewas' basketball program. His leadership qualities and ability to score would make him an instant star at Central. Plus with the supposed top ranked recruiting class in the MAC coming in this fall, he would make it potentially even better. With this pending contract, it's not likely that Ernie and Trey will take their show out to the West Coast to UCLA.

April 10, 2010 at 7:42 AM 

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