Per week after College of Tennessee swimmer Mona McSharry turned simply the second Irish swimmer to ever win an Olympic medal in swimming, her coach Matt Kredich obtained a elevate and a contract extension.
He obtained a $10,000 elevate (3.8%) and an extension by way of the 2028-2029 season.
That is the fourth-straight offseason wherein Kredich has obtained a contract extension. Within the first yr of his present contract, Kredich’s base pay was $207,000 and because of improve to $217,000 thereafter. In 2020, that $217,000 base charge was prolonged for 2 years, in 2021 the settlement made a big leap to $250,000 per yr in base pay (starting in 2022), a yr later his base pay was bumped to $260,000, and beginning subsequent season, he’s owed $270,000 per season for no less than the following 5 seasons, till April 30, 2029.
That improve in base pay additionally will increase the bonuses which can be out there to Kredich. Whereas most NCAA teaching contracts embody absolute worth bonuses, Kredich’s most up-to-date new contract, from June 2019, affixes most bonuses as a share of base pay – that means that these improve together with his wage with out having to replace that part of the settlement particularly.
Bonus Construction:
| Achievement | Observe | Bonus % | 2022 Extension | 2023 Extension | 2024 Extension |
| Prime 5 End at NCAAs (Males) | Only one paid out | 12.00% | $30,000 | $31,200 | $32,400 |
| Prime 5 End at NCAAs (Girls) | Only one paid out | 12.00% | $30,000 | $31,200 | $32,400 |
| Prime 10 End at NCAAs (Males) | Only one paid out | 8.33% | $20,825 | $21,658 | $22,491 |
| Prime 10 End at NCAAs (Girls) | Only one paid out | 8.33% | $20,825 | $21,658 | $22,491 |
| Prime 15 End at NCAAs (Males) | Only one paid out | 6.00% | $15,000 | $15,600 | $16,200 |
| Prime 15 End at NCAAs (Girls) | Only one paid out | 6.00% | $15,000 | $15,600 | $16,200 |
| Six Athletes Competing at NCAAs (Males) | Only one paid out | 4.00% | $10,000 | $10,400 | $10,800 |
| Six Athletes Competing at NCAAs (Girls) | Only one paid out | 6.00% | $15,000 | $15,600 | $16,200 |
|
Successful the SEC Championship (Males) |
4.00% | $10,000 | $10,400 | $10,800 | |
|
Successful the SEC Championship (Girls) |
4.00% | $10,000 | $10,400 | $10,800 | |
|
Successful the NCAA Championship (Males) |
4.00% | $10,000 | $10,400 | $10,800 | |
|
Successful the NCAA Championship (Girls) |
4.00% | $10,000 | $10,400 | $10,800 | |
| (Flat) | $2,500 | $2,500 | $2,500 | ||
|
Nationwide Coach of the 12 months – CSCAA or SwimSwam |
(Flat) | $5,000 | $5,000 | $5,000 |
McSharry was one in all six College of Tennessee athletes to medal on the Paris Olympic Video games. Additionally amongst them was post-grad swimmer Erika Connolly, who turned the primary feminine swimmer in program historical past to win three Olympic medals, becoming a member of SwimSwam co-founder Mel Stewart as the one Volunteer swimmers in that class.
The Tennessee ladies completed 2nd ultimately yr’s SEC Championship meet and the boys completed fifth a season after inserting 2nd and third, respectively.
At NCAAs, the Volunteer ladies completed 4th and the boys completed sixth, each of which have been enhancements from a yr prior (eighth/seventh). That 4th place end earned Kredich the utmost NCAA Championship efficiency bonus below the phrases of the contract of $31,200.
Kredich, 58, has been the top coach of the Tennessee ladies’s program since April 30, 2005, and took over the boys’s program as effectively on April 12, 2012.
