February 22, 2013
Aside from an average annual salary of $1.13 million, recently hired LSU offensive coordinator Cam Cameron can earn up to $115,000 in annual bonuses, according to a copy of a memorandum of understanding obtained under a freedom of information act request by The Advocate.
Here is a copy Cameron’s letter of agreement
The bonuses, ranging from $15,000 to $100,000, brings the potential total value of his three-year contract to roughly $3.8 million, according to the two-page document signed on Feb. 14 by Cameron, LSU athletic director Joe Alleva and LSU coach Les Miles.
The formal contract still needs to be approved by the LSU System Board of Supervisors, and is slated for a vote during its March 18 meeting in Baton Rouge.
Cameron, 52, was hired after five seasons serving as the offensive coordinator for the NFL’s Baltimore Ravens, who fired him in early December after uneven performances and promoted quarterbacks coach Jim Caldwell.
Under the terms of his deal, which were released Wednesday, Cameron will earn $600,000 in his first season with the Tigers. His salary increases to $1.3 million in the second year and peaks at $1.5 million in the final season of his contract.
Those figures would make Cameron the highest-paid offensive coordinator in the SEC, ahead of Alabama’s Doug Nussemeir and his $590,000 salary.
His agreement contains six potential bonuses, starting with a guaranteed $15,000 if LSU reaches the SEC championship game. Along with that bonus, he can earn the highest bonus from the following options:
- Participating in a non-Bowl Championship Series game with a payout of less than $2.6 million: $10,000
- Participating in a non-BCS game with a payout of more than $2.6 million: $25,000
- Participating in a BCS bowl game: $50,000
- Participating in the BCS national championship game: $75,000
- Winning a BCS national title: $100,000.
Cameron also receives an $800 monthly allowance for a vehicle, or the use of a vehicle provided by a dealership with reimbursement covered by the Tiger Athletic Foundation.
Critically, if Cameron leaves before the contract expires, he’d be on the hook for a $1 million buyout. Yet that buyout can be waived if Cameron accepts a head coaching job outside of the Southeastern Conference.