Rutgers grants contract extension to AD Pat Hobbs: here are the details
Rutgers’ athletics department is on an upward trajectory and Athletic Director Pat Hobbs has been recognized for his contribution to achieving this goal.
At a board of governors meeting on Friday, Rutgers gave Hobbs a contract extension that’s guaranteed until June 2028 — and it could extend beyond that.
“I’m thrilled,” Hobbs told NJ Advance Media. “I’m so proud of everything we’ve accomplished together over the past six years. To continue to be entrusted with what is an incredibly important program for our University, I am honored and privileged to do so. I think what we do is special here at Rutgers. I couldn’t be happier about it. Knowing that I can keep doing something I love every day is wonderful.
NJ Advance Media was awarded the contract, which was signed by Hobbs and university president Jonathan Holloway on Tuesday and approved by the board of trustees on Friday.
Here are the terms:
Base salary: As has been the case since the 2019-20 season, Hobbs’ salary will be “no lower than $635,000” and will adjust to the median salary of his Big Ten peers if that figure is higher than his current salary.
Bonuses: The new contract gives Hobbs the ability to earn more in bonuses based on both “athletic performance goals” and “academic/fundraising/program integrity” goals. Although this last incentive does not exceed 15% of his base salary in any given year – 15% of $635,000 equals $95,250 – Hobbs can earn up to $200,000 a year depending on some benchmarks achieved by football, men’s basketball and women’s basketball teams.
Automatic extension: Effective January 1, 2028 and each subsequent July 1 and January 1, so long as there is no notice of termination or notice of non-renewal, the contract will be automatically extended for six months “so that at no time thereafter shall the term of the employment contract have more than one year or less than six months remaining.
This is significantly lower than the previous deal, which had an automatic one-year extension “so that at no time will his contract have more than three years or less than two years remaining”.
Termination: If Hobbs is terminated without cause, Rutgers would be liable for Hobbs’ then-current base salary, but no other amount for the remainder of his term of employment.
If Hobbs is terminated for cause, the University “shall not be liable for payment of salary, allowance, bonus or benefits after the date of termination (excluding any salary, allowance, bonus or benefit that was due, payable or had been earned or realized prior to such effective date of termination).
Hobbs oversaw the most successful period for Rutgers athletics since joining the Big Ten in the 2014-15 season.
The Scarlet Knights won their first Big Ten regular season title (women’s soccer) and Big Ten Tournament title (field hockey) in the fall, saw their men’s basketball program reach the NCAA Tournament for a second season consecutive in the winter and had their baseball own the longest winning streak in the nation before potentially winning its first NCAA Tournament appearance since the 2007 season.
Nine teams were ranked in one form or another during the 2021-22 season, the most in a single season in University history.
Hobbs also landed a pair of key naming rights deals, including with SHI International Corp. (SHI Stadium) and with Jersey Mike’s Subs (Jersey Mike’s Arena) and has overseen a number of on-campus facility upgrades including The Brown Family Football Locker Room, The Marco Battaglia Football Training Complex, The Fred Hill Training Complex, Garutti Strength and Conditioning Center, Druskin Strength and Conditioning Center, and Abe Suydam Men’s Basketball Locker Room.
“Pat has been tremendously successful in developing a program that is as strong in the classroom as it is on the field. The board’s decision to extend his contract reflects the confidence we have in his commitment to excellence at all levels,” Holloway said in a press release.
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Brian Fonseca can be reached at [email protected].