Williams is near new UM contract

After national title, coach due reward of $1.3 million annually through 2009

He signed 7-year deal last year

AD Yow: `Discussions have been productive'

College Basketball

October 16, 2002|By Gary Lambrecht | Gary Lambrecht,SUN STAFF

COLLEGE PARK - Representatives for the University of Maryland and its men's basketball coach are close to an agreement in principle on a new seven-year contract that will pay Gary Williams more than $1.3 million in annual guarantees plus incentives, according to sources familiar with the negotiations.

Maryland athletic director Debbie Yow and Williams' attorney, Ron Shapiro, a Baltimore-based sports agent, have negotiated sporadically since last spring and have intensified talks in recent weeks, sources said.

Neither Yow nor Shapiro would provide financial details of the negotiations. Williams, 57, who guided Maryland to its first national championship more than six months ago, also declined to comment on the status of his pending contract.

The new deal, which a source said could be signed by next week, will keep Williams under contract for an additional year, through 2009. It comes on the heels of a seven-year extension he signed after taking the Terrapins to their first Final Four appearance in the spring of 2001.

"The discussions have been productive, and I anticipate they will conclude successfully, as the last three negotiations did," said Yow, who previously had negotiated with longtime Williams associate Donald McCartney.

Last year, Williams signed a seven-year deal that guaranteed him a little more than $1 million annually plus incentives. He had previously signed a 10-year contract in 1998 worth about $675,000 in guarantees.

The contract he signed in 2001 included a base salary that made up about 20 percent of the overall package. Williams earned a base salary of $189,154 last year.

Under the terms of that deal, the rest of his guaranteed income came from apparel endorsement deals, radio and television appearances, a car stipend and an annual annuity investment of $50,000, to be paid out by the university at the end of his employment. He also collects additional income based on the competitive and academic achievements of his basketball program.

Williams is believed to have earned a guaranteed $1.053 million last year and about $1.3 million including incentives. He also generates additional income, believed to be around $250,000 annually, from his summer basketball camps.

"We have been working very hard with Debbie Yow to reach an agreement that both recognizes the coach's accomplishments and is fair from the university's point of view," Shapiro said.

Williams is entering his 14th season at Maryland, is the first coach since 1974 to guide his alma mater to a national title, and is the only active coach to take his alma mater to consecutive Final Four appearances. He has a record of 274-143 at Maryland, from where he graduated in 1968, and has taken the Terps to the NCAA tournament's Sweet 16 round in six of the past nine years.

Williams came back to Maryland in 1989, after coaching stints at American, Boston College and Ohio State. He has an overall record of 481-271.

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