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Michigan Athletic Director Warde Manuel Will Receive a $7 Million Lump Sum in His Separation Deal
['Associated Press', 'Bleacher Report']
Bleacher Report - Front Page
ANN ARBOR, Mich. (AP) — Michigan athletic director Warde Manuel will be paid a lump sum of $7.14 million as part of his separation agreement with the university, according to a document obtained Monday by The Associated Press.
Manuel agreed to step down following investigations into former football coach Sherrone Moore's relationship with his executive assistant and a probe into the athletic department.
In addition to the payout, Manuel will receive former athletic director perks such as being eligible for tickets to Michigan games and having golf privileges.
Manuel agreed to remain employed by the university until he voluntary resigns Dec. 31, and his personnel record will reflect a resignation.
He also agreed to not be an athletic director or senior athletic adviser for any Big Ten school for two years from the date of his resignation.