Hud’s current contract was signed in 2012, and amended in 2014 and 2015. I don’t think there is a third amendment, but I could be wrong. I have an email out to the university about it.
The 2012 contract was set to end on December 31, 2016, with a base salary of $175,000 plus $575,000 from the athletic foundation. The original contract had termination payments.
The first amendment extended the term to December 31, 2019, and increased the foundation’s pay to $775,000 (so $200,000 raise and a 1 year extension). The first amendment got rid of the original contracts termination without cause section and rewrote it.
The second amendment (2015) extended the term to December 31, 2020. Thus, the second amendment only extended, but did not effect his salary nor without cause termination pay schedule.
The without cause termination section that is controlling is from the first amendment, which states that if Hudspeth is fired at any time in 2017, termination without cause payment is $1.5 million.