UCLA Head Coach Rick Neuheisel's Contract Includes $1.5 Million Home Loan

ESPN Reports that, according to the contract, there is a home loan clause of up to $1.5 million at a 3 percent rate. 3%? That's awesome. Prime is 5% plus.

I think that this is very smart move on Neuheisel's part and also on UCLA's end for honoring such a request. The relocation process can take a mental toll on head coaches and their families. It's refreshing to see head coaches and schools sort out financing and acknowledge the home buying/relocation process within a contract.

A little history lesson...While at Washington the school paid-off, in three installments, an $800,000 home loan Neuheisel secured when he was Colorado's head coach. Neuheisel has made a habit of including real estate into his contracts...smart guy.