Missouri State announced on Jan. 9 it had reached a separation agreement with head football coach Dave Steckel.
Steckel was 13-42 in five seasons as the Bears’ head coach. He is the losingest coach in the program’s history for any coach who has coached more than 32 games.
According to the terms of the separation agreement, Steckel will step down from his head coaching position and the university will provide him with a maximum buyout of $340,000 plus moving expenses.
Severance will be paid to Steckel in three installments over the next three years.
Steckel will receive $140,000 on or before March 1, according to the separation agreement obtained by the News-Leader. No reduction will be made to this payment.
He will then be paid $100,000 in each of the next two years, but the total could be reduced, depending on his coaching status at the time.
If Steckel obtains other football employment between March 1 and Feb. 28, 2021, his second severance installment payment will be reduced, dollar for dollar, by the amount of compensation he receives for the new job during that timeframe.
For example, if he receives a coaching job during that timeframe that would pay him $50,000 in compensation, his second severance would be reduced from $100,000 to $50,000.
If Steckel receives more than $100,000 from a coaching job, he won’t receive any payment.
The same is true in the third year.
Steckel will remain eligible for the university’s insurance benefits through Feb. 29. He will also receive a stipend in the gross amount of $30,000 in moving expenses.
The document was signed by Steckel and Missouri State President Clif Smart.
Missouri State introduced Bobby Petrino as its next head coach on Thursday morning.
Wyatt D. Wheeler is a reporter and columnist with the Springfield News-Leader. You can contact him at 417-371-6987, by email at firstname.lastname@example.org or join the conversation on Twitter where his handle is @WyattWheeler_NL. You can also sign up for his free “Bears Beat” newsletter by subscribing on News-Leader.com.