I am in a position to offer you five dollars for a one-year option, renewable for additional Year at the same rate.
The contract is for a season plus a one-year option.
The contract provides $27 million over two years with three one-year renewable options.
The two one-year options were included to allow the Chancellor the flexibility to change his mind.
His current contract, signed in January 1984, covers six years, plus a one-year option.
Michael Shanahan, the team chairman, said the contract was for three years plus a one-year option.
Hogue said he signed for one year plus a one-year option.
The contract has an additional one-year option plus $750,000 in incentives.
The agreement has a one-year base period and four one-year options.
The takeover agreement also gave the authority the one-year option to buy the plants.
