Chuck Martin's Net Worth, Salary and Contract

Last Modified Aug 23, 2024 09:00 GMT
Chuck Martin
Chuck Martin

Charles Thomas Martin, born on January 8, 1968, is an American college football coach and former player. Raised in Park Forest, Illinois, in an Irish Catholic family, he graduated from Rich East High School in 1986. Martin excelled at Millikin University, earning All-American honors in football as a safety and all-conference honors as a placekicker.

On the basketball team, he played guard and averaged 9.6 points, 6.2 rebounds, and 4.2 assists as a senior. Martin's coaching career reached its pinnacle at Grand Valley State University from 2004 to 2009, where he achieved a remarkable 74–7 record, securing back-to-back NCAA Division II Football Championships in 2005 and 2006. As Miami University's head football coach since 2014, Martin clinched the MAC Championship in 2019 and, despite adversity in 2023, led the team to another title with a 23–14 upset victory in the MAC Championship Game.

Chuck Martin's Net Worth 2024

As of 2023, Chuck Martin boasts a net worth of $2.75 million, anchored by his 2020 contract extension and salary increase as the head coach of the Miami University RedHawks football team. Beyond his base salary, Martin can significantly augment his earnings through various performance-related bonuses. These include rewards for winning the MAC Divisional Championship, participating in non-major bowl games, earning MAC Coach of the Year honors, securing a Top 25 CFP Ranking, being named National Coach of the Year, participating in major bowl games, and achieving the pinnacle – winning the National Championship – which carries an impressive bonus of $220,000.

Chuck Martin's Salary

As of 2024, Chuck Martin's salary is reported $850,000. In the 2023-24 season, he earned a total of $575,300, Chuck Martin, head coach of the Miami University RedHawks football team, commands an annual salary of $550,000, outlined in his five-year contract extension until January 31, 2025. Comprising a $500,000 basic salary and an additional $50,000 designated as "media services compensation," the latter covers various public engagements and participation with the program's apparel supplier. This salary reflects a $100,000 increase from his initial 2014 contract. Moreover, a termination fee clause stipulates a penalty of $375,000 if Martin or any other party terminates the contract before January 31, 2024, a reduction from the initial $750,000.

Chuck Martin's Contract

In April 2024 Chuck Martin signed a five-year contract extension, spanning until the 2029 season. Previously, he had signed a 5-year extension contract with Miami in 2019, which acknowledges his pivotal role in Miami University's football success, marked by the 2019 MAC title. The head coach commands an annual salary of $550,000, comprising a $500,000 basic salary and an additional $50,000 for media services and program apparel participation. His initial 2014 contract at $450,000 witnessed a $100,000 increment. To deter potential poaching, the 2020 extension set a termination fee of $375,000 if he departs before January 31, 2024, reduced from the initial $750,000. Contractually, Miami can part ways post-January 31, 2024, without financial obligation.

FAQs on Chuck Martin

A. Chuck Martin is 56 years old as of 2024, having been born on January 8, 1968.

A. Chuck Martin is from Park Forest, Illinois, United States.

A. Chuck Martin attended Millikin University, an NCAA Division III school, where he played both football and basketball.

A. Chuck Martin joined the Miami RedHawks as head coach in 2014.

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