ASU gives Graham $300K raise, extends contract through June 2019
MAY 28, 2014 4:29p ET
The new extension, which requires approval by the Regents on June 6, will amend Graham's contract to raise his annual salary from $2.4 million to $2.7 million on July 1. Additionally, Graham's contract will increase by $100,000 annually on Jan. 1, 2015, and Jan. 1, 2016. Each Jan. 1 after that, Graham's salary will increase by $50,000.
The increases will raise Graham's annual compensation to $3 million by the 2018 season and bring his base compensation for the next five seasons (2014 through 2018) to $14.35 million, not including athletic and academic performance bonuses.
Graham's current contract states that ASU would seek approval from the Regents to extend the contract by another year following the completion of the 2013 football season, so this extension does not come as a surprise.
The extension also stipulates ASU will again seek approval for one-year contract extensions following the 2014 and 2015 seasons as long as no grounds for terminations exist.
In two seasons at ASU, Graham has compiled an 18-9 record. He has taken ASU to back-to-back bowl games and last season led the Sun Devils to a Pac-12 South title. They lost to Stanford in the Pac-12 Championship Game.