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Mack Brown To Get Severance And 1-Year Job At Texas
Updated: Wednesday, February 12 2014, 08:18 PM CST
Texas will pay Mack Brown $2.75 million that would have been owed him if he had been fired, and will place him in a $500,000, one-year job as a special assistant to the president for athletics.
Texas spokesman Nick Voinis said Wednesday the school was honoring the terms of Brown's contract that ran through 2020. Brown, who stepped down on Dec. 14, had been reportedly trying to negotiate for more money.
The $2.75 million was to be paid in case Brown was fired before Dec. 31, 2014. The payments were to be made in four annual installments. Brown's contract included the job with the annual salary in case Brown resigned.
Brown has called his departure a "mutual" decision by himself, school President Bill Powers and athletic director Steve Patterson.
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