October 11, 2018 06:13 PM
University of Minnesota Board of Regents voted Thursday to grant athletic director Mark Coyle a three-year contract extension.
Regent Darrin Rosha moved to postpone consideration of the extension on the basis that the university will soon name its new president.
Regent Michael Hsu agreed with Rosha, adding the board did not see the contract until after 5 p.m. the night before.
"Seeing as though we're in the middle of a search now," Hsu said, "I think that any candidate looking at this job is probably going to be interested in what's going on in athletics and should have the ability to make a decision on it."
Others argued a contract extension was necessary to keep another school from poaching Coyle.
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KSTP Sports reports the extension does not contain a raise in Coyle's salary, which stands at $850,000 a year plus bonuses and supplemental retirement contribution.
But he does get a 50 percent buyout discount from 2020-22, a 75 percent discount from 2022-23 and there is no buyout discount in 2023-24. His original contract called for a full buyout.
Current President Eric Kaler called the contract extension "an opportunity to send a strong message to a valuable member of our community."
The board ultimately voted to approve Coyle's extension, however, the vote was not unanimous.
Coyle has been the U's athletic director since 2016.
Updated: October 11, 2018 06:13 PM
Created: October 11, 2018 02:32 PM
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