UPDATE: Colorado State University (CSU) has just announced the official hiring of Jim Mora as the team’s 25th head football coach, making him the highest-paid coach in the program’s history. The unveiling will take place Monday at Canvas Stadium, marking a pivotal moment for the Rams as they move forward after a challenging 2-10 season.
Mora’s five-year contract kicks off with a base salary of $2.4 million, with an annual increase of $100,000 each year, ultimately reaching $2.8 million by 2030. This substantial salary is a significant leap from his predecessor, Jay Norvell, who started at $1.6 million in his first season.
In addition to his base salary, Mora is set to receive a $150,000 signing bonus within 100 days of his hire. His contract also features a $150,000 annual retention bonus for each year he remains in good standing as of February 1.
Mora’s contract includes various performance-based bonuses that could significantly boost his earnings. For example, achieving six wins in a season will net him an additional $25,000, escalating to $400,000 if the Rams win 12 games. If CSU qualifies for a non-College Football Playoff (CFP) bowl game, he stands to earn $50,000, with an extra $75,000 if they win that game.
The stakes are high, as Mora can also earn bonuses for postseason success. If CSU reaches the CFP championship game, he would receive a bonus of $350,000, with total bonuses accumulating up to $400,000 if they win the championship.
Mora’s contract stipulates a buyout clause that could impact the program financially. Should he be terminated without cause, CSU is obliged to pay 75% of his remaining contract. The buyout amounts if Mora exits before the five years are: $5 million in 2026, tapering down to $1 million in 2030.
Moreover, Mora will have a $5 million compensation pool for assistant coaches and support staff, a notable increase from Norvell’s $3 million pool. CSU will also cover the $1.5 million buyout owed to UConn, Mora’s previous employer.
As he steps into this crucial role, Mora faces the challenge of revitalizing the Rams after last season’s disappointing performance. His contract includes achievement bonuses tied to both on-field success and academic performance, reflecting a holistic approach to team development. For example, if the Rams achieve a graduation success rate of 80% or higher, Mora will earn an additional $50,000.
With these developments, the spotlight is now on Mora to lead CSU back to prominence. Fans and stakeholders alike are eager to see how this new chapter unfolds as Mora aims to exceed the expectations set by his lucrative contract.
As CSU prepares for a fresh start, all eyes will be on Mora to deliver results and reinvigorate the football program. Stay tuned for updates on this exciting new era for the Rams as they look to turn their fortunes around.
