Outgoing Missouri athletic director Mike Alden will relinquish his duties April 27, according to an understanding reached with MU chancellor R. Bowen Loftin.
When Alden announced his retirement Jan. 29, he planned to stay on as athletic director through Aug. 31, but that timetable was accelerated when Houston athletic director Mack Rhoades was hired last month.
Alden has served as the Tigers’ athletic director for 17 years and will become an instructor this fall in the MU College of Education.
Alden will continue to receive his salary as athletic director through the end of August.
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Before he takes that role, he will receive three lump-sum payments this summer for work helping during Rhoades’ transition. He will receive $432,163.75 in the payments — $50,000 by June 1, $232,163.75 before June 30 and $150,000 before Aug. 30. Those payments are part of his existing contract, which runs through April 26, 2018, and can be extended by mutual agreement through June 30, 2019.
Beginning Sept. 1, Alden will be paid $125,000 yearly in his role as an instructor in MU’s positive coaching program.
As athletic director, Alden received a base salary of $301,917 under terms of an extension he signed in 2012. With bonuses, he made $674,317 in 2013, according to the USA Today database of athletic director salaries.