Cal, Jeff Tedford Reach Contract SettlementFebruary 4, 2013
The University of California and former football coach Jeff Tedford announced today that they have agreed upon a mutually beneficial settlement for the remaining three years of Tedford's contract that guarantees Tedford up to $5.55 million in payments over the next three seasons while reducing the University's maximum obligation from its original terms, in a fair resolution satisfactory to both parties.
Under the revised agreement, Tedford is free to pursue and maximize other coaching opportunities and the University's maximum financial obligation to Tedford is reduced by at least $1.35 million. Tedford and the University agreed to share evenly any amounts above $1.5 million that Tedford earns during the three years in certain coaching positions. The original contract called for up to $2.3 million per year paid to Tedford through 2015 ($6.9 million total), and a dollar for dollar set off against Tedford's earnings in certain coaching positions over the next three seasons.
Tedford compiled an 82-57 record at Cal from 2002-12, guiding the Golden Bears to eight postseason bowls and five victories. Cal players were voted first-team all-conference 44 times and received academic all-conference notification on 110 occasions. This past fall, 13 of 18 scholarship seniors received their undergraduate degrees, with one additional scholarship player expected to graduate in the spring.
"During his tenure at Cal, Jeff Tedford deeply cared for his student-athletes, their performance on the field and in the classroom, as well as their families, this department and the entire University," Director of Athletics Sandy Barbour said. "We appreciate all that Jeff contributed to Cal's reputation for excellence during his 11 years at the University and wish him well in all his future endeavors. Jeff and the entire Tedford family will always be a part of our history and tradition, and will always be welcomed back as part of the Golden Bear family."
Tedford added, "I am proud of all the accomplishments we achieved together at Cal, both on and off the field, and the manner in which we raised the program's national profile and expectations. I am honored to have played a role in the renovations to California Memorial Stadium, and in improving the facilities, with the goal of enhancing the experience for the entire Golden Bear community. My family and I will treasure our 11 years with the Golden Bears, and the many special relationships that were cultivated here. I look forward to maintaining my strong personal bond with my former players and staff, while pursuing the next chapter in my professional career."