Approval of the agreement is pending from the University of Louisiana System Board of Supervisors, which is expected to be approved during a meeting on June 21.
Fobbs, who was entering the last year of a two-year contract extension he signed in 2016, will earn a base salary of $198,000 and includes an additional $121,000 from the Grambling State Foundation.
The deal also outlines several potential bonuses Fobbs could get tied to the success of the team.
Fobbs could see a $15,000 bump if Grambling achieves the Academic Progress Rate benchmark; another 15,000 for the Tigers winning the Black National Championship; an additional $25,000 for a Celebration Bowl victory; $10,000 for a SWAC title; $7,500 for knocking off Southern in the Bayou Classic and $10,000 for being named SWAC Coach of the Year.
Under Fobbs, Grambling is 39-11 since 2014, including two league championships and a Black College National Championship in 2016.
“Clearly, he is a leader among leaders,” GSU President Rick Gallot told the Monroe News-Star. “When you look at everything he has does on and off-the-field, I think he’s the kind of coach we certainly believe is good for Grambling and for the football program. We’re very thankful the Foundation has been able to get involved and make the difference. That was not something he demanded, the Foundation stepped up and wanted to invest in the future of the program and the university. That’s what they wanted to do.”
