Multimillion dollar retention plan proposed for Byrne, Miller, Rodriguez

2014-05-28T17:16:00Z 2014-05-28T17:39:18Z Multimillion dollar retention plan proposed for Byrne, Miller, RodriguezBruce Pascoe Arizona Daily Star Arizona Daily Star

An unnamed University of Arizona benefactor has offered to donate $17.68 million worth of stock that could result in multimillion dollar retention bonuses for UA athletic director Greg Byrne, basketball coach Sean Miller and football coach Rich Rodriguez.

The proposal, which will be voted on by the Arizona Board of Regents next week, offers Byrne 20 percent share of the stock, while Miller and Rodriguez will get 35 percent each if they meet the retention criteria: Each needs to stay at UA at least four years and cannot leave voluntarily before eight years in order to receive it.

Under the stock’s current value, Byrne would receive a bonus of $3.536 million while Miller and Rodriguez would each earn $6.2 million if they met the retention criteria. At the end of eight years, the three could keep the stock or sell it.

If any of the three leave voluntarily before eight years, they will forfeit their share and the units will be given to the athletic director to use as needed in consultation with the donor, according to records for next week's Regent meeting. If any of them are terminated without cause in their first four years they will receive a prorated share, and if they are terminated without cause after their fourth year they will receive the entire share.

In addition, all three are also scheduled to receive raises to their current contracts, and extensions through 2018-19, pending Regent approval.

Byrne’s base salary will jump from $500,000 to $625,000 as of June 1, while it would increase another $25,000 every year through June 2018.

Miller’s contract will be extended one year to 2018-19, and his base salary, which had $100,000 annual escalators through 2016-17 but will not increase in 2017-18, will now receive another $100,000 in 2018-19. He will receive a total package of $2.7 million plus incentives in 2018-19.

Rodriguez’s base salary of $1.33 million will be increased to $1.5 million as of June 1, and will rise by another $100,000 every year through June 2018.

Copyright 2015 Arizona Daily Star. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Pac-12 basketball standings

  Conference Overall
Team W L T PCT W L T PCT
Arizona 14 2 0 0.875 26 3 0 0.897
Utah 12 4 0 0.750 22 6 0 0.786
Oregon 11 5 0 0.688 21 8 0 0.724
UCLA 10 7 0 0.588 18 12 0 0.600
Stanford 9 7 0 0.563 18 10 0 0.643
Oregon State 8 9 0 0.471 16 12 0 0.571
Arizona State 7 9 0 0.438 16 14 0 0.533
California 6 9 0 0.400 16 12 0 0.571
Colorado 6 9 0 0.400 13 13 0 0.500
Washington State 6 10 0 0.375 12 16 0 0.429
Washington 4 12 0 0.250 15 13 0 0.536
USC 3 13 0 0.188 11 17 0 0.393

AP Top 25


Pac-12 basketball schedule

Teams Date Time
USC at
UCLA
3/4
Oregon at
Oregon State
3/4
Colorado at
Washington
3/5 7:00 pm
California at
Arizona
3/5 7:00 pm
Utah at
Washington State
3/5 9:00 pm
Stanford at
Arizona State
3/5 9:00 pm
California at
Arizona State
3/7 12:30 pm
Stanford at
Arizona
3/7 2:00 pm
Utah at
Washington
3/7 2:30 pm
Colorado at
Washington State
3/7 4:30 pm
Free Wildcats Sports Newsletter

University of Arizona sports news and blog headlines, delivered daily

Follow the Arizona Daily Star

Featured businesses

View more...

Deals, offers & events

View more...

Fall Classes are going on now @ KU Studios. Click here for a schedule.

Kids Unlimited is a non-profit 501(c)(3) performing group for …