Steve Masiello can return to Manhattan once he graduates

By Nick Veronica

Manhattan College announced Monday that coach Steve Masiello will be allowed to return to the team once he earns his college degree.


Masiello signed a contract to become the head coach at South Florida in late March, but the deal fell through when USF uncovered that Masiello never officially graduated from Kentucky, as his bio indicated. The deal would’ve been worth at least $6.06 million over five years.

According to Manhattan’s press release, Masiello took part in graduation at Kentucky but didn’t complete necessary summer courses to finish his degree requirements. Masiello majored in communication.

“Mr. Masiello executed poor judgment but did not intentionally misrepresent himself in applying to the College,” Manhattan president Brennan O’Donnell said in the release. “After participating in graduation ceremonies at the University of Kentucky, he enrolled in summer courses with the intention of completing his degree, but never followed through to make sure that the degree was awarded.”

Masiello will remain on unpaid leave and associate head coach Matt Grady will become the interim head coach. Manhattan won the 2014 MAAC championship and also advanced to the championship game in 2013.

“I made a mistake that could have cost me my job at an institution I love,” Masiello said in the release. “Details matter. Manhattan College has shown me a great deal of compassion and trust during this process, and I will do everything in my power to uphold that trust. I understand that I am very fortunate to have the chance to remain here at Manhattan.”


The contract South Florida gave Steve Masiello

By Nick Veronica

Manhattan basketball coach Steve Masiello signed a contract to become the next head coach at South Florida in March, only to have the contract voided when a search firm realized he never graduated from Kentucky and lied about his resume.

Deadspin got hold of the contract this week, and it’s uploaded here for all you sport law professors to go nuts with. (It looks like this was printed/scanned at a Marriott hotel? The Marriott needs a new scanner.)

Masiello would’ve earned more than $6 million over 5 years at USF (Article 5a), with a base salary of $415,000 (Article 3) and benefits and additional compensation adding at least $765,000 a year (Article 4a). His bonuses could’ve totaled more than $1 million annually (Article 5b). Too bad Article 10 did him in.

If you ever find a coach’s contract online or get ahold of one, pass it along. Here’s dissecting this one, article by article:



Fairly standard stuff here. The contract was dated March 24 and signed early March 25, according to the printer time and signatures at the bottom. USF gave him 30 days to agree to execute the full “Head Coaching Agreement,” which presumably further laid out how USF expects its basketball coach to run the program.

Article 1: Term of Employment

Screen Shot 2014-04-06 at 1.20.43 AM

Masiello’s deal would’ve been for five years, ending March 31, 2019 … you know unless they’re still playing in the postseason at that time, then he gets to still be the coach.

Article 2: Coach’s duties

Screen Shot 2014-04-06 at 1.25.18 AM

“Coach will … devote his full time, energy, and abilities for the exclusive benefit of the University” = hahaha we own your life now.

Article 3: Base Salary and Benefits


Finally getting into the good stuff. Masiello’s base salary would’ve been $415,000, which was to be “paid from a variety athletic related revenue sources [sic] as determined in the discretion of the Athletics Director,” which sounds kind of weird on the surface but homeboy’s getting paid so who cares where it’s from?

“Coach will receive any and all other regular employment benefits provided by the State of Florida…” is probably insurance, that kind of stuff, expect he waives his right to earn money off of leftover vacation and sick days.

Running total: $415,000 * 5 years = $2,075,000

Article 4: Additional Compensation and Benefits

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