McFeely: New buyout clause suggests Mike Houston will be James Madison's coach for awhile
It looks like Mike Houston will be James Madison’s head coach for awhile.
That might seem obvious, given Houston recently signed a 10-year contract extension. But coaching contracts are made to be broken — legally through buyouts, but broken nonetheless.
But Greg Madia, who covers James Madison’s football program for the Harrisonburg (Va.) Daily News-Record obtained the contract through an open-records request and it revlealed that Houston will be well-paid by Football Championship Subdivision standards and that, because of expensive buyout clauses, it will take a good chunk of change for a Group of 5 school to get Houston out of Harrisonburg and an even better chunk of change for a Power 5 school to do the same.
Power 5 schools will have no problem coming up with the money to buy Houston out of his contract, even at $1 million. But it’s unlikely a Group of 5 school is going to pay $500,000 or $750,000 prior to 2020.
You can read the contract by clicking on this link: JMU Coach Houston’s 10-Year Extension.
The basics are this: