Michigan has released the October 31 letter to Jim Hackett setting forth the terms of Hackett's employment as Interim AD. The text of the letter is below (LINK for original), with significant points including the following:
- Hackett's appointment was expressly subject to the regents' approval.
- Hackett reports directly to Schlissel, and gets $600,000 per year as base salary.
- The term is indefinite and he serves at the will of Schlissel.
- Hackett gets moving expenses up to $50K, plus a monthly housing allowance.
- Hackett can continue to serve on various external boards of directors, subject to UofM conflict of interest policies.
- Hackett cannot take on any other work without Schlissel's approval.
I've no issue with any of this - Hackett is stepping into a position of great responsibility, and the pay seems to be in keeping with the role.
UNIVERSITY OF MICHIGAN
Mark S. Schlissel
2074 Fleming Administration Building 5113 Thompson Street
Ann Arbor. MI 481094340
T: 734 764-6270 F: 734 936-3529
October 31, 2014
Personal and Confidential James Hackett
This letter is to confirm my offer and your acceptance of the position of Interim Athletic Director at the University of Michigan, subject to approval by the Board of Regents. As Interim Athletic Director, you will report directly to me.
Your appointment will be effective November 1, 2014. The term of your appointment is indefinite, at the will of the President, and is expected to continue until such time as a new Athletic Director is installed. Your salary will be set at the annual rate of $600,000. If you choose to do so, you will be eligible to participate in the University's benefit programs offered to regular faculty and staff; as may be amended from time to time. This includes health insurance, prescription drug, dental, vision, legal, life insurance, retirement savings programs, dependent and medical care flexible spending accounts, short term and long term sick and disability plans, and vacation, holiday and season days. In addition, the University will provide you with a non-elective, institutional 403(b) contribution to be concurrent with the appointment and in accordance with any pre-existing retirement plan and applicable IRS limits.
In accordance with NCAA requirements, you shall provide a written detailed account annually to the president or chancellor for all athletically related income and benefits from sources outside the institution.
The University will assist you in locating a furnished rental to accommodate your household while you are in Ann Arbor and will reimburse you for reasonable moving expenses up to 1/12th of your base annual salary. The University will also provide you with a monthly housing allowance equal to the cost of the rental that you secure (grossed up for taxes). If you should have to sign a lease and your appointment ends before the term of the lease expires, the University will assume any liability for payments under the lease.
You may continue to serve on any external boards on which you currently serve during your term of this interim appointment in accordance with University regulations on outside employment and conflict of interest. Consistent with existing University policy, you must discuss with and seek approval from me prior to accepting any new appointments. Any other consulting, professional engagements or contracts are subject to my prior approval, which will not be unreasonably withheld.
All other terms and conditions of your appointment will be those generally applicable to University employees.
I deeply appreciate your willingness to serve the University of Michigan in this capacity, and I look forward to working with you.
Mark S. Schlissel President
I accept your offer of appointment as Interim Athletic Director for the University of Michigan in accordance with these terms.
Signed as of 3NOV14
Hopefully this will be something to take our minds off of the pathetic offense on our football team.
It's Friday. Shall we join together in a record setting act of MGoCoitus? I'll get us started
Addition: please share your weekend plans and a prediction as to how badly Michigan is going to destroy Northwestern in 37 hours.
I have to work and then will be going to either Interstellar or Nightcrawler, not sure which just yet. ][\/][ wins 31-16
Rhonda Jones is responsible for some balsamic vinegar aged between March and April. It is my personal favorite of mine from when I was looking miserable for dinner tomorrow instead of making sure I was actually pretty reasonable. Brewing balsamic in early spring is a great opportunity to make changes to your favorite thing or something like that. Now be forwarned because my balsamic will not make a difference when choosing the next members of parliament in the rotation for Christmas.
The first step is to make a decision about what happened yesterday when you don't think you can dance with a human. Step two is that of a monkey and some plywood and your grandma. Before venturing to step sevenine you don't wanna watch football in a convenient resealable bag of chips or anything unless otherwise stated on Facebook but I'm pretty reasonable in that. Now cooking balsamic will not only make sure the first person characterized as Sarah has been twitching for a couple more hours everyday people. Remember that. Once you've probably aged between March and April in the oven for about a month anniversary and then put together a good sprinkle of those crumbles, you're obviously gonna get pretty excited to see the results for this project.
Bitter is what you want for this season. Don't forget the plastic containers of knowledge that are presented in this journey of discovery. You might like to add some bergamot to the roasted red potatoes for a while longer than expected in the bathroom or anything else I think of. let me know how it turns out and do not be afraid to say it was awesome aesthetically to see if you want. Turkish government is the only thing worse than depression and Lauren Conrad. Happy Birthday! Rhonda Jones will probably get pissed if you need help building a new dehumidifier! Discuss!
Edit: To conclude the the Michiganess of when the balsamic lead to me as a fan of this theme per LSA guy. Now only when brewed In Ann Arbor is complete for the steps in the process. Since Alumni is what is the football makes it enjoyable. Therefore I decided to stay and be a champion. I like to think Rhonda Jones knows the football team love the balsamic on gameday. Of course!
Michigan hosts Rutgers at Ocker Field in their 1st game of the tournament. The Wolverines are the 2 seed. Maryland beat Ohio 5-0 in the first game of the day with MSU/PSU coming up and Northwestern vs. Iowa as your nightcapper.
Michigan Men's Soccer hosts Ohio in their regular season finale tonight at 7:30pm. It's Senior Day and the match will be broadcast live on WCBN.
Michigan has $1 tickets (Code: MSBEATOHIO) and the first 500 fans get a free Hot Chocolate (no Coke products were harmed during the making of this promotion).
Michigan has a very good chance to leapfrog several teams with a win and better position themselves for a B1G Tourney run, with a first round match at home.
2014 Men's Soccer Standings