Athletic Director Leaving Mizzou Owes School Money
This is a tricky place to find yourself as you’re leaving a job.
The St. Louis Post-Dispatch reports.
Rhoades owes Mizzou more money than university paid him
By leaving the University of Missouri 14 months after he became athletics director, Mack Rhoades owes MU more money than the school paid him in base salary.
Rhoades, who earlier this week accepted the athletics director job at Baylor, must pay MU $800,000 for leaving before the end of his five-year contract. Rhoades’ contract calls for a $1 million buyout if he leaves before the final six months of the deal, though that amount is reduced by $200,000 on each of the first four anniversary dates of his first day in office, which was April 27, 2015.
MU paid Rhoades $600,000 in base salary from his first day on the job through June 30, 2016. After June 30, any salary increase was subject for review by chancellor Hank Foley and interim system president Mike Middleton.
The Post-Dispatch acquired Rhoades’ MU contract Friday via an open records request. Rhoades’ contract had not been previously released and was not finalized until March 4, 2016, according to the document. The school’s custodian of records did not have Rhoades’ separation agreement on file as of Friday.
Rhoades owes Mizzou more money than university paid him (The St. Louis Post-Dispatch)
Comments
Probably worth every cent.
I can see where he might want to pay for being able to leave this school. It is like a violent insane asylum that actually teaches insanity instead of disciplines.
Trouble is that it is just one of thousands including Harvard, Yale, Princeton etc. Scary isn’t it?