California reached a settlement with former football coach Jeff Tedford on Monday that will pay him up to $5.55 million for the final three seasons of his contract. Under terms of his contract, Tedford had been guaranteed $2.3 million a year for the final three seasons of his contract. With the settlement announced by the school Monday, Tedford will get $1.8 million in 2013, $1.8 million in 2014 and $1.95 million in 2015, saving Cal at least $1.35 million over the three years. The deal allows Tedford to keep a larger share of any salary he receives in the next three seasons as a college head coach or NFL head coach or assistant. The university and Tedford will split evenly any amount he earns in excess of $1.5 million in any year in those roles before Dec. 31, 2015. "During his tenure at Cal, Jeff Tedford deeply cared for his student-athletes, their performance on the field and in the classroom, as well as their families, this department and the entire university," athletic director Sandy Barbour said in a statement. "We appreciate all that Jeff contributed to Cal's reputation for excellence during his 11 years at the university and wish him well in all his future endeavors." Read more http://espn.go.com/college-football...s-reach-555m-settlement-ex-coach-jeff-tedford
