breaking news

Uber Eats driver accused of shooting customer surrenders

Details of Josh Pastner’s contract extension


The contract extension for Georgia Tech coach Josh Pastner, announced in October, includes an incremental raise at the back end and the addition of a hefty retention bonus at the end of it.

Pastner’s contract, which had a seventh year added to it after his first season, is now worth a total of $13.6 million if he completes it. That’s an annual average of $1.94 million through the 2022-23 season. In the extension, athletic director Todd Stansbury also added a $500,000 retention bonus that Pastner will receive if he is still coach at the end of the 2021-22 season. The contract amendment was obtained through an open records request.

Pastner is earning $1.7 million this season. He would make $2.4 million in the 2022-23 season.

The contract also re-set the schedule for a buyout should he be terminated. In the original contract, he was to receive 100 percent of the value of the remaining contract were he to be fired in the first four years of the contract, then 75 percent of the remaining value if fired in the fifth year and 60 percent for the sixth and final year.

With the extension, Pastner will now receive the full value of the contract if he is dismissed through the fifth year of the contract, then 75 percent in year six and 60 percent in year seven.

The contract continues to include perks such as a monthly allowance to cover the cost of a family membership at a country club and a $1,300 monthly automobile allowance.

Pastner received the extension after surpassing all expectations in his first season, as the Yellow Jackets went 21-16 and reached the NIT finals. Pastner was named ACC coach of the year.

Compared with peers, he is in the low end, although he was coming from a situation where his former employer was paying him to leave. Clemson coach Brad Brownell is making a reported $1.8 million this season. Georgia coach Mark Fox is making $2 million in his ninth season in Athens. N.C. State coach Kevin Keatts signed a contract last spring that reportedly pays him $2.2 million annually.


Reader Comments ...


Next Up in Georgia Tech Yellow Jackets

Taking a second look at Georgia Tech-Virginia Tech
Taking a second look at Georgia Tech-Virginia Tech
A secondary review of Georgia Tech’s 76-56 loss to Virginia Tech Saturday. The “Five observations” story can be found here. The rather unlikely reality of Georgia Tech’s slide through the ACC schedule is that the Yellow Jackets are actually playing a little better offensively than they did a year ago. By a number of statistics...
5 observations from Georgia Tech’s loss to Virginia Tech
5 observations from Georgia Tech’s loss to Virginia Tech

Georgia Tech tasted defeat for the ninth time in the past 10 games, this time to Virginia Tech by a 76-56 score at McCamish Pavilion Saturday. After a hot start, the Yellow Jackets were overtaken and subdued by the Hokies, who led by as many as 35 points before relenting. Georgia Tech (11-16 overall, 4-10 ACC) is now assured of a losing record at the...
Josh Okogie playing at All-ACC level
Josh Okogie playing at All-ACC level

Georgia Tech doesn’t have much to celebrate at this point of the season, but what guard Josh Okogie is doing this season hasn’t been done in several years. Entering the Yellow Jackets’ game against Virginia Tech on Saturday at McCamish Pavilion, Okogie is averaging 19.1 points per game. No Tech player has finished a season with a...
A second look at Georgia Tech’s loss to Wake Forest
A second look at Georgia Tech’s loss to Wake Forest
A closer inspection of how Georgia Tech lost to Wake Forest Wednesday night. For the “5 observations” story, please read here. 1. With just under seven minutes to play in the first half of Georgia Tech’s 79-62 loss to Wake Forest Wednesday night, the Yellow Jackets had the ball with the chance to take the lead and maybe build...
Georgia Tech’s Danny Hall returns to ‘more intense’ style
Georgia Tech’s Danny Hall returns to ‘more intense’ style

Georgia Tech shortstop Austin Wilhite has seen one full season of coach Danny Hall, but he already knows that the 2018 version is a different model than the 2017 one. “We had one day where he told one kid to just get out of practice because he was loafing around,” Wilhite said. “It’s really been more prominent this year &ndash...
More Stories