Todd D. Milewski | Wisconsin State Journal
The University of Wisconsin’s reworked contract with Tony Granato makes it clear the upcoming season is crucial for the men’s hockey coach.
A major change in
the contract, released Friday in response to an open records request, is the amount of money UW would owe Granato if it fires him after a future season.
The buyout is $1 million for the next year, down from the full remaining amount of the contract that could have been up to $2.4 million. The amount goes up again in increments after July 1, 2023, eventually reaching $2 million after July 1, 2025.
The Badgers kept Granato’s contract at five years in April, giving him a routine one-year extension but sending changes to the Board of Regents for approval.
The $1 million buyout amount lasts through June 30, 2023. Then it’s $1.33 million through June 30, 2024, $1.66 million through June 30, 2025, and $2 million afterward.
Other Big Ten schools have used a lowering of what’s called liquidated damages if a coach is fired without cause to strike a balance between providing another chance to succeed and protecting the athletic department’s financial interests.
Granato’s annual salary is staying at $600,000 and a new clause in his additional compensation agreement with the UW Foundation gives him a chance to increase it. The amount climbs $25,000 per year the next time the Badgers qualify for the NCAA Tournament, then $25,000 per year after that every time the Badgers have a season with a .500 record or better.
Another change in the contract removes Granato’s $1 million buyout owed to UW if he leaves for another coaching position.
“We worked on some things, we got it to work for both sides and we’re moving forward and hopefully going to be here for a long time,” Granato said in April about the contract reworking with athletic director Chris McIntosh.
McIntosh said in April the expectation at UW was the men’s hockey team will compete for championships. He didn’t put numbers on where the Badgers need to be in the rankings or in the Big Ten standings for Granato to fulfill the AD’s desire for a return to prominence for the team.
McIntosh said instead that when UW has been its most successful “everyone knows what that looks like and what that feels like.”
Granato has a 92-106-16 record with the Badgers. One of his associate head coaches, Mark Strobel, resigned after last season.