- HOOPSWORLD | Basketball News & NBA Rumors - http://www.hoopsworld.com -
Colorado to pay ex-AD $918,000
Posted By HOOPSWORLD On May 29, 2013 @ 9:04 pm In Wirenews | Comments Disabled
by USA TODAY Sports, USA TODAY
The University of Colorado will pay athletics director Mike Bohn $918,000 following his resignation and will award him season tickets to various Buffaloes sporting events for life.
CU spokesman Bronson Hilliard wrote in an email to the Associated Press on Wednesday that the funds will come out of athletics department revenues, not from taxpayer dollars or tuition. KMGH-TV in Denver first reported the figure.
Bohn submitted his resignation Tuesday after eight years in charge of the athletics program. The reasons for his resignation were not disclosed.
Former CU women’s basketball coach Ceal Barry will be the interim director of intercollegiate athletics upon Bohn’s departure June 3.
Matt Russell, the Broncos’ director of player of personnel, issued a statement Wednesday afternoon saying that he is not interested in succeeding Bohn.
The Denver Post reported earlier Wednesday that Russell wanted to be considered.
“While I love my alma mater and want what’s best for it, I am not pursuing a position with the University of Colorado,” Russell said in his statement. “I am fully committed to my role with the Denver Broncos.”
Russell played linebacker for the Buffaloes, winning the Butkus Award in 1996. He lived in Boulder with his family while working as an NFL scout for the New England Patriots and Philadelphia Eagles before he accepted a job in the Broncos’ personnel department in 2009. He was promoted to director of player development last year.
In a copy of Bohn’s settlement agreement obtained by the Associated Press, Bohn promised to return his courtesy vehicle June 3 and his university-issued cellphone, along with his iPad, on June 15. Any furniture or other personal items in his office have to be removed by June 15 as well.
He will also be paid three equal sums of $306,000 — on July 1, Jan. 1, 2014, and Jan. 1, 2015. Along with that, Bohn will receive eight season tickets for CU football games — along with men’s and women’s basketball contests — “for his remaining lifetime.”
All this comes with the caveat that he doesn’t sue the school “for any claims, known or unknown, arising out of the Employment Agreement.”
Article printed from HOOPSWORLD | Basketball News & NBA Rumors: http://www.hoopsworld.com
URL to article: http://www.hoopsworld.com/colorado-to-pay-ex-ad-918000
Copyright © 2013 HOOPSWORLD | Basketball News & NBA Rumors
Part of the USA TODAY Sports Media Group.