Charlie Weis is laughing all the way to the bank. The ousted Kansas coach — winner of six of 28 games at Lawrence — signed a five-year deal in 2011 at $2.5 million a year. Kansas still owes Weis $5.625 million of the $12.5 million deal, and the former coach will receive monthly installments through December 2016 to close out the contract. If our math is correct, that's a whopping $208,333 a month. It also means that Kansas paid roughtly $2.08 million for each of Weis' six wins.
Not only that, but Weis is still being paid by Notre Dame, where he coached from 2005-09. That school signed Weis to a ridiculous 10-year deal barely halfway though the first year of the coach's original six-year contract. When he was fired in 2009, Weis received an initial $6.6 million in severance. The payments have continued, with tax records showing Weis was paid around $2.1 million in 2010, 2011 and 2012. He will continue to receive annual payments from Notre Dame through December 2015, making Weis one of the school's highest-paid employees.
Continue reading "Charlie Weis Is the Ultimate Double Dipper" »