The six-year agreement calls for him to hold the title of Head Hog for six years, through December 31, 2018.
It also details what he will be paid and some of the perks he will enjoy.
Bielema's salary will be $3.2-million dollars a year. A portion of his salary comes from the state while the rest of it comes from non-taxpayer Athletic Department funds and private funds donated to the university. (He was making $2.59-million at Wisconsin).
In addition to salary, Bielema will also be paid by the Razorback Foundation for things such as personal speaking engagements, as well as another $700,000 in incentive compensation.
If Bielema's contract is terminated by the university for convenience, the letter states Bielema would be paid $12.8-million if the contract voids in 2013, 2014, or 2015. The amount drops to $9.6-million for 2016, to $6.4-million for 2017, and $3.2-million for 2018.
Other perks for Bielema are:
- 12-seat skybox suite
- 20 complimentary tickets for each home game
- 2 loaned vehicles
- Memberships at The Blessings and the Fayetteville Country Club
Coach Bielema will be formally introduced at a news conference this afternoon in the Raymond Miller Room at the Broyles Athletic Center. KARK and The Razorback Nation will carry the University of Arkansas news conference officially announcing Bielema's hiring this afternoon, beginning at 3:55.
Click here for more of The Razorback Nation's coverage on the new coach in our special Bielema section.