Unbelievable: Scott Satterfield has signed two of the most expensive and biggest contracts ever and promises to complete them in the next three weeks.

Unbelievable: Scott Satterfield has signed two of the most expensive and biggest contracts ever and promises to complete them in the next three weeks.

Unbelievable: Scott Satterfield pledges to finish the two largest and most costly contracts he has ever signed in the next three weeks.

Cincinnati — Following a week-long search, the Bearcats named former Louisville coach Scott Satterfield as their next head football coach on Monday, succeeding Luke Fickell. According to a Memorandum of Understanding between Satterfield and the University of Cincinnati that The Athletic was able to receive through a public records request, the following information pertains to Satterfield’s six-year deal with Cincinnati:

The University of Cincinnati disclosed Satterfield’s contract information along with the hiring announcement, noting that he signed a six-year agreement worth $3.4 million in Year 1. Although Satterfield’s contract is set to expire on December 31, 2028, his stated pay for the 2023 season is really $3.5 million, with an additional $100,000 added to it each year until it reaches $4 million in 2028. The agreement amounts to a $22.5 million contract with a six-year term.
The MOU upholds the $7.25 million assistant wage pool that was originally disclosed for 2023, with a yearly review to follow. Compared to Luke Fickell’s $5.2 million assistant compensation pool, it is a substantial increase. Fickell received $5 million in compensation per year.

On Sunday, December 4, at 11:50 p.m. ET, Satterfield and John Cunningham, the athletic director of Cincinnati, signed the MOU electronically at 12:01 a.m. EST on Monday, December 5. At 9:13 a.m. EST on Monday, the Bearcats formally announced Satterfield’s hiring on social media.
Cincinnati refers to the $10.65 million annual compensation package, which includes Satterfield’s salary and an assistant wage pool, as “the highest investment ever for Cincinnati football.” #Bearskins

Regarding the buyout, Satterfield will earn 100% of the remaining base and prorated additional pay if he is let go before December 31, 2025, which is the conclusion of Year 3. He will be entitled to prorated additional compensation and 70% of the remaining basic pay if he is fired after December 31, 2025.

Should Satterfield decide to depart and end the contract, the buyout would begin at $8 million and continue until December 31, 2024, at which point it would decrease to $4 million and de-escalate further.