If FIU makes money on Isiah Thomas' name, the Hall of Famer will cash in as well.
The former New York Knicks coach and president will earn $1.29 million in base salary and scheduled bonuses from FIU if he stays for five seasons, plus be eligible for incentives and any state-approved raises.
He also could reap plenty of additional money along the way, according to documents obtained Thursday by The Associated Press.
As a bonus, Thomas will receive nearly half of any gross revenues from ticket sales, commissions collected on food and beverage concessions and sponsorships -- excluding the existing naming rights deal with U.S. Century Bank. In all three cases, FIU will keep the first $1,000 collected, then split the rest with Thomas.
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