As Tech's offensive coordinator, Loeffler's base salary will be $400,000. Grimes, the line coach, will earn $265,000, while Moorehead, the receivers coach and least-experienced of the trio, will make $150,000.
The school revealed those numbers Friday during a news conference to introduce the coaches.
But Loeffler and Grimes worked this past season at Auburn, which fired head coach Gene Chizik and his staff following a 3-9 finish. Loeffler and Grimes have time remaining on their Auburn contract, Loeffler through June 2014, Grimes through June of this year.
Until the Auburn contracts expire, Tech will pay Loeffler and Grimes the equivalent of $150,000 annually. Paying Loeffler at that rate instead of at a $400,000-per-year rate, for essentially 18 months, saves Tech approximately $375,000.
The savings with Grimes will be about $55,000.
Moorehead worked three seasons at
Moorehead and Grimes will receive $50,000 retention bonuses if they remain at Tech until Jan. 1, 2015.
Also significant: Former Hokies offensive coordinator Bryan Stinespring, who's remaining on staff as tight ends coach and recruiting coordinator, is taking a 17-percent pay cut from 2012. His base goes from $362,230 to $300,000.
Stinespring has been on staff 20 years, the last 11 as offensive coordinator, and head coach
The three assistants who departed Beamer's staff -- Mike O'Cain, Kevin Sherman and Curt Newsome -- made a combined $683,919 in base salary last season, according to USA Today. The combined bases for Loeffler, Grimes and Moorehead are $815,000.
Once it kicks in, Loeffler’s $400,000 salary at Tech will be mid-range by current
From USA Today's database, here are the 2012 base salaries for offensive coordinators at the ACC's other public schools:
For total assistants' pay in 2012, Tech ranked third among ACC public schools at $2,411,046, behind Florida State's $3,042,050 and Clemson's $4,181,750. Virginia was sixth at $2,166,138, but the Cavaliers upped the ante considerably with recent hirings of associate head coach for offense Tom O'Brien and defensive coordinator Jon Tenuta.
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