The Arizona Board of Regents this morning approved raises, contract extensions and a booster’s multimillion dollar retention plan for Arizona athletic director Greg Byrne, football coach Rich Rodriguez and basketball coach Sean Miller.
The new contracts and extension plans were unanimously approved without comment during the Regents' meeting in Flagstaff. They were expected to have been discussed in private executive sessions on Thursday.
All three will have their contracts extended through the 2018-19 academic year, with Byrne receiving a raise from $500,000 to $625,000 this year, Rodriguez receiving a base salary boost from $1.33 million to $1.5 million and Miller receiving a $100,000 addition to his extended season in 2018-19.
Byrne will receive annual raises of $25,000 and Rodriguez will receive raises of $100,000 each year through 2018. Miller already has $100,000 escalators in his contract through 2017. He will not receive a raise in 2017-18 but will receive the extra $100,000 in 2018-19.
The retention plan will set aside 500,000 shares of stock valued at $17.68 million as of May 12, allocating 35 percent of it to each Miller and Rodriguez, while Byrne will get 20 percent. The three employees will receive the full value of the stock if they remain at UA for eight more years, or are fired without cause after four years.
For the 2013-14 academic year, counting all incentives and outside income, Miller earned a total of $2.64 million, while Rodriguez made $2.25 million and Byrne earned $590,526.
All three already have retention bonuses through UA: Miller will receive $2.1 million if he stays through 2015-16, while Byrne and Rodriguez will receive $500,000 if they stay through 2016.
Full details on what the regents voted on, and what the three UA employees earned in 2013-14, can be found here.