Article from the CR Gazette:
ISU still paying big bucks to old staff | GazetteOnline.com - Cedar Rapids, Iowa City
Our total liability is huge. The biggest are these two guys:
Bolt - $257,500/year
McFarland - $283,250/year
If they don't get other jobs we have to pay them these salaries until June 2010. If they do get other jobs that pay less, we have to make up the difference. Bolt, by the way, is an assistant at Auburn -- for $90k/year. Which means we are paying 65% of his salary for the next two years. McFarland is probably taking a 2 year vacation on our dime.
ISU still paying big bucks to old staff | GazetteOnline.com - Cedar Rapids, Iowa City
Our total liability is huge. The biggest are these two guys:
Bolt - $257,500/year
McFarland - $283,250/year
If they don't get other jobs we have to pay them these salaries until June 2010. If they do get other jobs that pay less, we have to make up the difference. Bolt, by the way, is an assistant at Auburn -- for $90k/year. Which means we are paying 65% of his salary for the next two years. McFarland is probably taking a 2 year vacation on our dime.
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