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Details of the Bud Foster contract extension were released on Saturday, and TechSideline.com was able to obtain a copy of the summary.

Foster signed a five year contract that will expire on December 31, 2019. Here is his base salary for each football season…

2015: $600,000

2016: $625,000

2017: $650,000

2018: $675,000

2019: $700,000

Foster will also be paid an annual $300,000 retention bonus. $150,000 will be paid on June 30, and the other $150,000 will be paid on December 1. Here’s how his yearly salary will look when you factor in the retention bonus…

2015: $900,000

2016: $925,000

2017: $950,000

2018: $975,000

2019: $1,000,000

Foster will also have opportunities to collect performance bonuses.

1)Frank Broyles Award: $10,000

A maximum of one of the following, whichever is the highest goal achieved…

1)Appearance in an ACC Championship Game: $5,000

2) Winning an ACC Championship Game: $7,500

A maximum of one of the following, whichever is the highest goal achieved…

1) Play in a third tier, non-College Football Playoff bowl game: $35,000

2) Play in Capitol One, Russell or Belk Bowl: $40,000

3) Play in Orange, Peach, Sugar or Rose Bowl: $50,000

4) Play in Fiesta or Cotton Bowl: $50,000

5) Play in College Football Semi-Finals or Finals: $60,000

6) Win the College Football Finals: $75,000

Other amenities of Foster’s contract include the use of an automobile, membership in a local country club, 16 tickets per home game, eight bowl game tickets, and University benefits.

If Virginia Tech terminates Foster’s contract, here’s how his buyout will look…

Prior to December 31, 2015: $1,300,000

Prior to December 31, 2016: $1,200,000

Prior to December 31, 2017: $1,100,000

Prior to December 31, 2018: $1,000,000

Prior to December 31, 2019: Remaining base salary divided by the months remaining

In the event Foster terminates the contract (I.E. leaves for another job) he will owe Virginia Tech the following…

Prior to February 15, 2015: $150,000

Prior to February 15, 2016: $75,000

On or after February 15, 2016: $0

TSL will receive a full copy of Bud’s contract on Monday, and we’ll update this article if there are any further important notes.