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Virginia Tech announces terms of Foster deal

Virginia Tech just issued a news release detailing the terms of defensive coordinator Bud Foster's compensation agreement. Foster will receive $800,000 in deferred compensation if he remains employed at Virginia Tech through the 2014 football season. The full release, after the jump.

BLACKSBURG, Va. - Virginia Tech Director of Athletics Jim Weaver announced Thursday the terms of defensive coordinator Bud Foster's continued employment agreement.

The new agreement will pay Foster $800,000 in deferred compensation if he remains employed at Virginia Tech through the 2014 football season. Should Foster leave prior to the end of the 2014 season, he would not receive any part of this deferred package.

The only other qualification to the 2014 date is that in the event Frank Beamer resigns or does not continue in his position as head football coach, Foster will receive the deferred compensation with the effective date of Beamer's departure.

The agreement is subject to all of the terms of Foster's existing employment contract. Foster recently completed his 23rd season on the Tech staff and his 15th year as a defense coordinator for the Hokies.

By Matt Bonesteel  |  January 21, 2010; 2:52 PM ET
 
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