Why, Why, Why…When Students Are Stuck with Predatory Student Loan Debt Did Chancellor Perlman UNILATERALLY Escalate “Salary Arms Race?” Come On! Eichorst Now Makes $275,000 Thousand Dollars MORE than Next Highest-Paid AD; This is Immoral, Cornhuskers.

October 9, 2012

Uncategorized

Nebraska paying top dollar for Eichorst

October, 4, 2012

OCT 4
4:20
PM ET
By Adam Rittenberg | ESPN.com

We don’t know how much Shawn Eichorst made as Miami’s athletic director because Miami, as a private institution, doesn’t release salary figures.

But it’s safe to assume Eichorst’s salary in his new job at Nebraska will go a little further.

Nebraska announced it will pay Eichorst a base salary of $973,000, as the school’s athletic director. Eichorst resigned Thursday as Miami’s athletic director and will join Nebraska’s staff Tuesday as a special assistant to chancellor Harvey Perlman. He’ll take over the athletic director position Jan. 1 when Tom Osborne retires.

Eichorst becomes the Big Ten’s third highest-paid athletic director behind Ohio State’s Gene Smith (base salary: $1,074,546) and Wisconsin’s Barry Alvarez (total compensation: $1,040,800), whom Eichorst served under as Wisconsin’s deputy AD from 2009-11. He’ll be the sixth highest-paid AD in the country (among ADs whose salaries are released publicly.

The next highest-paid Big Ten ADs are Michigan’s Dave Brandon ($700,454), Illinois’ Mike Thomas ($575,000) and Purdue’s Morgan Burke ($505,918).

Osborne, conversely, had been one of the lowest-paid major-conference ADs at $277,969 annually, so this is a sizable bump. Not surprisingly, Eichorst’s contract also has a large buyout, beginning at $2 million for his first year.

Perlman said he interviewed two external candidates for the job. Eichorst toured Nebraska’s campus last month after coming to the Midwest for the Miami-Kansas State football game. Nebraska reached out to Alvarez during the vetting process and received a strong stamp of approval.

Eichorst obviously knows the Big Ten, and Perlman said league commissioner Jim Delany is very pleased with the choice.

Nebraska will introduce Eichorst at a news conference Tuesday in Lincoln.

Advertisements

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: