AUSTIN, Texas (AP) – Texas will pay Mack Brown $2.75 million that would have been owed him if he had been fired, and place him in a $500,000 per year job as a special assistant to the president for athletics.
Texas spokesman Nick Voinis said Wednesday the school was honoring the terms of Brown’s contract that ran through 2020. Brown, who stepped down on Dec. 14, had been reportedly trying to negotiate for more money.
The $2.75 million was to be paid in case Brown was fired before Dec. 31, 2014. The payments were to be made in four annual installments. Brown’s contract included the job with the annual salary in case Brown resigned.
Brown has called his departure a “mutual” decision by himself, school President Bill Powers and athletic director Steve Patterson.
(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Denver Broncos Beat Carolina Panthers 24-10 To Win Super Bowl 50
- Top 10 Super Bowl 50 Commercials
- Beyonce Releases New Song Day Before Super Bowl Appearance
- Sheriff: Texas Teen Kills Mom, 2 Neighbors, Then Himself
- Milton, Moore Help No. 12 SMU Rout South Florida 92-58
- Azle Residents Take Quake Concerns To Austin
- Cowboys’ Romo Update: Complication In Back Surgery
- TCU Students Demand Higher Quality Toilet Paper
- Norovirus May Have Sickened Hundreds At School
- McKinney Native Busts Through Sochi Hotel Door
- PHOTOS: Your Pet Pictures