According to Virginia Tech Director of Athletics Jim Weaver, defensive coordinator Bud Foster will receive $800,000 in deferred compensation if he remains employed at Virginia Tech through the 2014 football season.
The announcement was made Thursday through a press release sent out by Tech’s football sports information director Bryan Johnston.
Should Foster leave prior to the end of the 2014 season, he will not receive any of the deferred package, according to the release.
If head coach Frank Beamer decides to resign or does not continue in his position, however, Foster will receive the deferred compensation with the effective date of Beamer’s departure.
This news comes after several uncertain off-seasons in which Foster’s name was mentioned as a candidate for multiple vacant head coaching positions across the nation.
The agreement, according to the release, is subject to all of the terms of Foster’s existing employment contract. Foster will enter his 24th season as a member of the Tech staff next year and his 16th as defensive coordinator for the Hokies.