Report: Herm Edwards' buyout situation resolved with Arizona State
Arizona State and Herm Edwards have reportedly reached an agreement on his buyout.
The Sun Devils parted ways with Edwards on Sept. 18, one day after a 30-21 loss to Eastern Michigan. Arizona Republic’s Michelle Gardner reported earlier this week that Edwards will get a buyout worth 50% of his remaining salary. From Gardner’s report:
When Edwards departed, athletic director Ray Anderson said the school was still negotiating a buyout. Well, that has been resolved and Edwards is getting a 50% buyout of his remaining salary, which amounts to approximately $4.4 million paid through 2024.
The base salary in the contract extension was $700,000 with a bonus of $2.8 million and an increase by $200,000 annually, with supplemental compensations for conference performance, regular season wins and bowl appearances.
Edwards will keep his $590,000 academic performance bonus, benefits until April 2024 or the date on which he begins another job, and about half of the money from the remaining years on his contract.
The Sun Devils are 1-2 under interim coach Shaun Aguano. They played better in a 42-25 loss to USC on Oct. 1, then followed it up with a stunning 45-38 win over then-No. 21 Washington on Oct. 8.
Anderson and president Michael Crow are searching for Edwards’ replacement, and that search should get some more clarity now that ASU knows exactly what it’ll owe Edwards. Former Carolina Panthers coach Matt Rhule is a rumored top candidate, but Aguano’s win over Washington earned him a letter of endorsement from Arizona high schools coaches.
The Sun Devils return to the field on Saturday to face Stanford at 1 p.m. PT on the Pac-12 Network.