This is definitely the most wonderful time of the year for Bobby Petrino.
According to Jake Lourim of the Courier-Journal, Louisville football coach Bobby Petrino is earning a $500,000 bonus in his contract for the fourth consecutive year due to the team’s Academic Progress Rate score.
The APR scores have yet to become finalized, however Louisville has determined that the football team’s is above the 935 threshold listed in Petrino’s contract.
This was confirmed by a Louisville spokesman to USA Today on Wednesday.
This year, Petrino has a base pay of $3.925 million.
Petrino additionally gets a bowl bonus of one-twelfth of the sum of the base pay and the APR bonus.
Per the Courier-Journal:
So the fact that Petrino will cash in on the $500,000 APR bonus again increases his bowl bonus by $41,667 for a total of $368,750.
The APR bonus and the bowl payouts total $868,750 in bonuses for Petrino this season. Last season, Petrino’s bonuses totaled $989,584, which ranked second in the country among public schools according to USA TODAY’S coaching salary database. Clemson coach Dabo Swinney, who won a national championship, received the most bonus pay.
In the latest APR data released, Louisville football’s score was 994 for the 2015-16 academic year.
The 935 threshold in Petrino’s contract is only five points higher than the 930 required to qualify for the postseason.
Louisville will face Mississippi State on Dec. 30 in the TaxSlayer Bowl.
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