For realz.Oregon booster and recently named athletic director Pat Kilkenny's salary terms were released Tuesday. His base salary with the university comes to just $25,008/year. The upshot is the deal comes with some killer perks, namely a bonanza of tickets, a country club membership, health and retirement benefits, Nike merchandise, cars, $10,000 annual discretionary cash and much, much more.
Minus the goodies, his best salary comparison is: preschool teacher. Who saw that one coming? Thing is, he's awash in his own money so compensation isn't of great importance.
Kilkenny last year sold the California insurance agency that had made him a wealthy man, and said when he was hired by the UO that he would not take a salary. University spokesman Phil Weiler said the relatively modest amount is needed to establish a clear employment relationship with the university that might not exist if Kilkenny worked entirely for free or for a token amount, such as $1 a year.How noble. More praise for Kilkenny here.
I don't know about you, but I'd like to be at his station in life - sitting atop the athletic department of a prominent college, wealthy enough to demand nothing in compensation and willing to throw around several g's to pay for a handful of Oregon students to make a road trip in support of the basketball team. Oh, and for kicks I'll get $25k, free golf and 19th hole relaxing fireside sips of cognac. Tough gig, let me think about that for a moment ... Yeh, I'd take it.
H/T: Google Alerts
