BOONE — The two-year contract extension Scott Satterfield signed with Appalachian State last month contains minimal changes to the deal he agreed to before the start of the 2017 football season.
But this new contract, which was announced by App State on Sept. 21 and released on the school’s website on Wednesday, does carry over an affordable buyout number should another program try to hire Satterfield.
If the coach went through the proper procedure regarding a potential new job, the buyout would cost “equitable relief in an amount equal to Coach’s current Contract Year Base Salary,” according to the contract. Satterfield’s base salary from now (2018) through the 2023 season is $425,000.
Satterfield is required to ask for Athletics Director Doug Gillin's written permission before seeking, negotiating or accepting new employment.
Satterfield is 44-23 with the Mountaineers and has App State off to a 3-1 (1-0 Sun Belt) start this season. Appalachian State has scored at least 45 points in its last three games — a 45-9 win against Charlotte on Sept. 8, a 72-7 win against Gardner-Webb on Sept. 22, and a 52-7 win against South Alabama on Sept. 29. It's the first time in school history that scoring clip has happened.
On top of the additional years and salary, Satterfield’s contract also includes a bonus for winning the Sun Belt’s East Division and appearing in the conference's championship game.
Should App State do so, Satterfield can earn an additional $25,000.
On top of the same annual salary as the last contract, Satterfield sees increases in both his monthly retention bonus and licensing/personality rights bonus (known in the previous contract as the annual fund payment.)
Satterfield will earn $15,952.52 monthly during the 2022 contract year and $16,751.20 in 2023 from the retention bonus. Also, with the licensing/personality rights bonus, Satterfield will receive $250,000 in 2022 and $280,000 in 2023. That maintains the $30,000 annual increase Satterfield has seen throughout the previous contract agreement.
He also receives a $600 monthly car allowance.
With those numbers — without factoring in incentive-based bonuses — Satterfield will earn at least $873,630.24 in 2022 and $913,214.40 in 2023.
Monthly retention bonus per year:
2018 — $13,125.00*
2019 — $13,781.25*
2020 — $14,470.31*
2021 — $15,193.83*
2022 — $15,952.52
2023 — $16,751.20
*determined by previous contract
Licensing/Personality rights bonus
2018 — $130,000*
2019 — $160,000*
2020 — $190,000*
2021 — $220,000*
2022 — $250,000
2023 — $280,000
*determined by previous contract
Satterfield earns this annual bonus by attending at least 25 Yosef Club or university events/meetings each contract year. Also, according to the contract, the licensing/personality bonus will “be paid in monthly payments to Satt Enterprises, L.L.C. beginning with the first full month following the Effective Date of the Agreement.”
Since the deal was signed in September, that means payments can start with the month of October. According the same section of the contract, that monthly royalty shall be paid to Satt Enterprises without any federal, state, or local wages withholding.
Satterfield can earn $25,000 if App State makes it to a bowl game and another $15,000 if the Mountaineers win it. If the team wins the Sun Belt Conference championship, the coach can get $50,000. If he wins conference coach of the year or receives a national coach of the year award, it’s $25,000 per award. Satterfield will also receive another $25,000 bonus when App State wins nine or more games in a season.