Monday, May 24, 2010

SEC's Two Million Dollar Man...Slive

SEC's, Mike Slive has drawn praise from all corners for helping to turn his conference into a national powerhouse when it comes to football and the revenues derived from the sport.
So, as should be expected, Slive was paid very handsomely for his efforts.
According to the Jackson Clarion-Ledger, and based on IRS documents obtained by the paper, Slive earned $2.1 million for the fiscal year that ended Aug. 31, 2009.
Included in that total was a $1 million bonus and a base salary of just over $972,000. Kentucky president Lee Todd told the paper that the conference voted unanimously to give Slive the bonus, and that the TV contract was "probably the predominant driver" in the seven-figure payout.
A TV consultant, Chuck Gerber, who also played a part in brokering the 15-year, $3 billion deal with CBS and ESPN was paid $2 million by the league.
The paper also noted that in 2008-2009, SEC schools received shares of revenue that ranged from $12.6 million to just a shade over $14 million.

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