Details of Patrick Ewing's Secret Extension
Hilltop Hoops has obtained details on the secret contract extension that Georgetown agreed to with Patrick Ewing at the conclusion of last season.
As has been rumored for several months, and was confirmed by CBS Sports’ Jon Rothstein recently, Georgetown and head coach Patrick Ewing agreed to a contract extension last spring, after the Hoyas’ Big East Tournament championship.
According to a source with direct knowledge of the contract, Georgetown gave Ewing a three-year extension, in addition to the two years Ewing had left on his original deal.
That means that Ewing, who has a Big East record of 26-63 (.292) in the regular season, has four years total left on his deal after this season.
Ewing is set to make a full base salary of $3.95 million in each of the three years that were tacked onto his pre-existing deal. The base salary and retention bonuses on his current contract, which runs through the 2022-23 season, will remain unchanged.
If Georgetown were to fire Ewing, here is the buyout total that would be owed him to during each year.
21-22: $18.455 million
22-23: $14.9 million
23-24: $11.25 million
24-25: $7.5 million
25-26: $3.75 million
With Ewing receiving a statement of support from athletic director Lee Reed last week, and saying on Twitter himself that he plans to be back next season, the details of Ewing’s secret extension add context, perhaps, to the decision to bring him back next season. All signs continue to point to Ewing coming back for a sixth year, despite the vague nature of recent statements by Ewing and the university about his future.
That’s typical Georgetown incompetence. The problem is the administration. Clueless!!!!
OMG! Please keep asking me for money !