Overview
- Faulk was named head coach in November and on Dec. 16 signed a three-year agreement with AD Roman Banks that still awaits signatures from Chancellor John Pierre and board chair Tony Clayton.
- The contract begins Jan. 1 and guarantees $400,000 annually, with incentives for on-field results and ticket revenue, including $10,000 if ticket sales exceed $1 million and $5,000 for $750,000 to $1 million, plus a bonus for defeating an FBS opponent.
- The deal grants Faulk 20% of new donations he helps raise and lets him direct half of those funds to football, contingent on the team meeting NCAA academic and eligibility standards, with annual accounting each Dec. 15 and payment within 45 days.
- Liquidated-damages terms include $400,000 owed to Faulk if fired without cause before Dec. 31, 2027 and $75,000 if terminated after that date through the end of the term, while Faulk would owe $400,000 if he departs early.
- Reports indicate the broader package totals about $2.1 million, including a $950,000 assistant-coach salary pool, as Southern also carries reported prior coaching payout obligations tied to Eric Dooley and Terrence Graves.