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 2014 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 This material may not be published, broadcast, rewritten or redistributed.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 0 0 0 0.000 0 0 0 0.000
Arizona State 0 0 0 0.000 0 0 0 0.000
California 0 0 0 0.000 0 0 0 0.000
Colorado 0 0 0 0.000 0 0 0 0.000
Oregon 0 0 0 0.000 0 0 0 0.000
Oregon State 0 0 0 0.000 0 0 0 0.000
Stanford 0 0 0 0.000 0 0 0 0.000
UCLA 0 0 0 0.000 0 0 0 0.000
USC 0 0 0 0.000 0 0 0 0.000
Utah 0 0 0 0.000 0 0 0 0.000
Washington 0 0 0 0.000 0 0 0 0.000
Washington State 0 0 0 0.000 0 0 0 0.000

AP Top 25


Pac-12 basketball schedule

Teams Date Time
Cal Poly Pomona at
Arizona
11/9 4:00 pm
Mount St. Mary's at
Arizona
11/14 6:00 pm
Coppin State at
Oregon
11/14 10:00 pm
Cal-Irvine at
Arizona
11/19 7:00 pm
Oral Roberts at
Oregon State
11/21 7:00 pm
Texas-Pan American at
Utah
11/26 6:00 pm
Northern Colorado at
Colorado
12/13 4:00 pm
Washington State at
Santa Clara
12/13 8:00 pm
Grambling at
Oregon State
12/15 8:00 pm
Delaware State at
Oregon
12/20 1:00 pm
Oklahoma at
Washington
12/20 7:00 pm
Stanford at
Texas
12/23 5:00 pm
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