Byrne, Miller, and Rodriguez to get extension

Sean Miller

Arizona will seek extensions for Greg Byrne, Sean Miller, and Rich Rodriguez. Read on for the complete breakdown of each.

Arizona is currently in the process of giving extensions and raises to Athletic Director Greg Byrne, football coach Rich Rodriguez, and basketball coach Sean Miller. The following is a breakdown of the terms.

Greg Byrne:

  • The University seeks approval to extend the Multiple-year Employment Contract ("Contract") of Gregory Byrne ("Byrne") from September 29, 2016, until May 31, 2019, with revised monetary terms.

  • The Contract will be extended until May 31, 2019. Byrne's present Base Salary of $500,000 will adjust as follows:

    June 1, 2014: $625,000

    June 1, 2015: $650,000

    June 1, 2016: $675,000

    June 1, 2017: $700,000

    June 1, 2018: $725,000

  • A major University benefactor has offered to donate 500,000 units of a Master Limited Partnership (MLP) to the University of Arizona Foundation, for the purpose of supporting the Intercollegiate Athletics Department and the University and to provide retention incentives to the Athletic Director, the Head Men's Football Coach and the Head Men's Basketball Coach. As of May 12, 2014, each MLP unit was valued at $35.36, for a total present donation value of approximately $17,680,000. The units would be managed by Barclay's for a period of eight years, during which time quarterly distributions of net income on 450,000 units will be distributed to the Athletic Department for operational purposes at the discretion of the Director of Athletics.

    50,000 units will be held for the benefit of the University, with the quarterly distributions to be used at the discretion of the University President. If Byrne is still employed as Director of Athletics eight years from the effective date of this proposed Contract Amendment, he will receive a distribution of 100,000 units or may opt to thereafter. If Byrne voluntarily terminates his employment or he is terminated for cause at any time within the eight-year period, he will not receive the units or any portion thereof, and those units shall be used at the discretion of the successor Director of Athletics in consultation with the donor.

    Sean Miller:

  • On June 13, 2013, ABOR approved extending Sean Miller's Multiple-year Contract ("Contract") by one year, to April 30, 2018. No salary adjustment was made at that time. The University now seeks to extend the Contract until May 31, 2019, together with revised monetary terms.

  • Miller will receive a $100,000 Base Salary increase on June 1, 2018, from $1,500,000 to $1,600,000. Miller may receive the following cumulative bonuses whenever the Team participates in the NCAA tournament: $25,000 for advancing to the third round (round of 32); and $50,000 for advancing to the Sweet Sixteen; and $50,000 for advancing to the Elite Eight; and $175,000 for advancing to the Final Four; and $500,000 for winning the National Championship Because these bonuses are cumulative, Miller would earn a total of $800,000 if the Team won the NCAA Tournament.

  • A major University benefactor has offered to donate 500,000 units of a Master Limited Partnership (MLP) to the University of Arizona Foundation, for the purpose of supporting the Intercollegiate Athletics Department and the University and to provide retention incentives to the Athletic Director, the Head Men's Football Coach and the Head Men's Basketball Coach. As of May 12, 2014, each MLP unit was valued at $35.36, for a total present donation value of approximately $17,680,000. The units would be managed by Barclay's for a period of eight years, during which time quarterly distributions of net income on 450,000 units will be distributed to the Athletic Department for operational purposes at the discretion of the Director of Athletics.

    50,000 units will be held for the benefit of the University, with the quarterly distributions to be used at the discretion of the University President. If Miller is still employed as Head Coach eight years from the effective date of this proposed Contract Amendment, he will receive a distribution of 175,000 units or may opt to have the units sold and receive the cash derived from the sale. In the event Miller is terminated without cause before the end of the eight-year holding period, he will receive a pro-rated share of the unit value through the first four years.

    For example, if Miller is terminated without cause after four years, he would receive 4/8 of the value of the units at the time of termination. At the start of year five, the units would become fully vested and Miller will receive the total number of units even if he is terminated without cause thereafter. If Miller voluntarily terminates his employment or he is terminated for cause at any time within the eight-year period, he will not receive the units or any portion thereof, and those units shall be used at the discretion of the Director of Athletics in consultation with the donor.

    Rich Rodriguez:

  • Coach Richard Rodriguez's Contract is set to expire on November 30, 2017. The board is asked to extend it until May 31,2019.

  • All monetary terms in Rodriguez's Contract will remain unchanged except as follows: The Contract will be extended until May 31, 2019. Rodriguez's Base Salary, currently $1,330,000, will be adjusted as follows:

    June 1, 2014: $1,500,000

    June 1, 2015: $1,600,000

    June 1, 2016: $1,700,000

    June 1, 2017: $1,800,000

    June 1, 2018: $1,900,000

  • Rodriguez's Contract presently provides for $495,000/annum for performance of Peripheral Duties such as radio and television appearances. The UA proposes to increase this compensation by $5,000, to $500,000/annum.

  • A major University benefactor has offered to donate 500,000 units of a Master Limited Partnership (MLP) to the University of Arizona Foundation for the purpose of supporting the Intercollegiate Athletics Department and the University and to provide retention incentives to the Athletic Director, the Head Men's Football Coach and the Head Men's Basketball Coach. As of May 12, 2014, each MLP unit was valued at $35.36, for a total present donation value of approximately $17,680,000. The units would be managed by Barclay's for a period of eight years, during which time quarterly distributions of net income on 450,000 units will be distributed to the Athletic Department for operational purposes at the discretion of the Director of Athletics. 50,000 units will be held for the benefit of the University, with the quarterly distributions to be used at the discretion of the University President.

  • If Rodriguez is still employed as Head Coach eight years from the effective date of this proposed Contract Amendment, he will receive a distribution of 175,000 units or may opt to have the units sold and receive the cash derived from the sale. In the event Rodriguez is terminated without cause before the end of the eight-year holding period, he will receive a pro-rata share of the unit value through the first four years. For example, if Rodriguez is terminated without cause after four years, he would receive 4/8 of the value of the units at the time of termination. At the start of year five, the units would become fully vested and Rodriguez will receive the total number of units even if he is terminated without cause thereafter. If Rodriguez voluntarily terminates his employment or he is terminated for cause any time within the eight-year period, he will not receive the units or any portion thereof, and those units shall be used at the discretion of the Director of Athletics in consultation with the donor.

  • Rodriguez's athletic incentives will be revised as follows: - $200,000 for an appearance in the PAC-12 championship game; $300,000 for winning the game (non-cumulative); $175,000 for appearing in a non-major, non-final four bowl game; $200,000 for appearing in a non-final four major bowl; $300,000 for winning the game (non-cumulative); $250,000 for appearing in a final four bowl; $350,000 for winning the game (non-cumulative); $750,000 for appearing in the National Championship Game; $1,000,000 for winning the game (non-cumulative); Total season tickets sold (removed); $50,000 for being named the Conference Coach of the Year; $100,000 for being named the National Coach of the Year (cumulative); Final BCS Rankings: Top 10 $75,000, 11-15 $50,000, 16-25 $25,000; Total Season Victories: 9- $125,000, 10- $150,000, 11-$250,000, 12- $350,000.

  • Rodriguez will owe the University the following sums if he terminates the Contract prematurely:

    Prior to January 15, 2015 $1,000,000* *Unless Rodriguez accepts employment with the University of West Virginia, in which case he shall pay the University $2,000,000.

  • Between January 16, 2015, and January 15, 2016 $500,000* Unless Rodriguez accepts employment with the University of West Virginia, in which case he shall pay the University $1,000,000.

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