Re: Drake fires head coach Mark Phelps
You could certainly structure the contract with the state in such a way that--say--coaches' shows and that sort of thing are compensated by the Foundation rather than included in his State salary. In essence, he'd be holding down two jobs--Head Coach of the Men's Basketball Team directly for the university, and a second job with the Foundation as Head Men's Basketball Coach, Promotions Diva And All Around Swell Guy, (or whatever) and pay him whatever you wanted out of Foundation money.
You could even (I imagine) offer a multi-year contract via the Foundation, that's contingent on his being retained by the university as head coach, and severance clauses in the Foundation's contract in the event he's dismissed by the university, or leaves for another position. I would imagine that in time the Foundation part of his compensation could be quite a bit larger than his direct state salary.
The devil would be in the details, but where there's a will, there's a way. It mainly would depend on what state law says about full-time state employees having other, outside employment that (in theory anyway) does not conflict with their state duties.
Originally posted by MontanaRabbit
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You could even (I imagine) offer a multi-year contract via the Foundation, that's contingent on his being retained by the university as head coach, and severance clauses in the Foundation's contract in the event he's dismissed by the university, or leaves for another position. I would imagine that in time the Foundation part of his compensation could be quite a bit larger than his direct state salary.
The devil would be in the details, but where there's a will, there's a way. It mainly would depend on what state law says about full-time state employees having other, outside employment that (in theory anyway) does not conflict with their state duties.
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