Former Missouri athletic director Mack Rhoades owes the university $800,000 in the wake of his return to Texas.
Baylor announced Wednesday that Rhoades had been hired as vice president and director of athletics, ending a 15-month term with the Tigers and trigging the buyout clause, per terms of his contract obtained by The Star.
Rhoades received an annual salary of $600,000 with incentives worth $150,000 each for achieving agreed-upon goals on the field and with respect to “academic and social responsibility.”
He also received two courtesy cars along with allowances for moving expenses and transitional housing in addition to other standard athletic department benefits.
Rhoades’ contract was a five-year dial through June 30, 2020, with each of the first four years guaranteed.
If he left the university on his own before April 27, 2016, Rhoades’ contract stipulates that he would owe Missouri $1 million in liquidated damages.
The figure decreased by $200,000 on each subsequent anniversary of his hire date.
Deputy athletic director Wren Baker is serving as the Tigers’ interim athletic director, MU Interim Chancellor Hank Foley announced.