Kevin Anderson's Maryland athletic director contract is for five years at $401,015 annually, but it contains a provision that could potentially keep him at the university much longer, according to a copy of the document obtained Tuesday.
The contract says the five-year term shall be automatically extended each Sept. 30 by one year unless either party -- Anderson or Maryland -- "informs the other in writing that ... it does not want to extend this contract for an additional year."
In addition to the base salary, the contract offers up to $50,000 collectively in incentives for athletes' graduation rates and academic achievements, athletic fundraising, and team success. There are also payments for such things as public appearances and moving expenses.
The contract, signed by Anderson and acting president Nariman Farvardin on Oct. 13, is similar to the one held by former athletic director Debbie Yow, who left during the summer to assume the same position at North Carolina State.
The Baltimore Sun obtained both contracts under a public records request filed with the university.
As of now, Anderson's contract would expire on Sept. 30, 2015. Yow also began with a five-year contract but remained at the school 16years. Her base salary was nearly $400,000. Her contract was structured largely the same way as Anderson's, with add-ons for such items as athletes' graduation rates and fundraising success.
Anderson, the former Army athletic director, officially began at Maryland on Oct. 1. He was working under a memorandum of understanding while his contract was finalized.
Anderson's contract emphasizes the importance that he and incoming Maryland president Wallace D. Loh place on academics.
Anderson's largest incentives are for athletes' classroom successes. He would receive $15,000 each year that athletes' six-year graduation rate exceeds that of the university's undergraduate body as a whole. He would get $10,000 if at least 410 athletes made the honor roll.
In 2008-09, 271 athletes made the honor roll, according to an athletic department strategic plan released last year. The school has about 700athletes.
Anderson would receive bonuses for boosting fundraising ($7,500) and increasing membership in the Terrapin Club ($7,500) by at least 5 percent in a year. The club provides scholarships for Maryland athletes. Its annual gifts generally total between $5 million and $10million a year.
There are incentives if 10 or more of Maryland's 27 teams qualify for postseason competition ($5,000) and if Maryland makes the top 30 of the Directors' Cup ($5,000).
The Directors' Cup ranks schools nationally according to success in many sports -- from basketball to water polo. Maryland finished 28th in 2009. Stanford was first.
Anderson is due to receive $25,000 for each six-month period he makes public appearances, and a $900 monthly car allowance.
Anderson, who is married with four children, also gets $45,000 in relocation expenses for moving to the area with his family.
Anderson was not available for comment Tuesday.