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Report: Michigan's Warde Manuel to receive $7 million payout after stepping down as athletic director
Michigan athletic director Warde Manuel will receive a significant financial package after stepping down from his position later this year. According to Front Office Sports’ Amanda Christovich, Manuel’s separation agreement includes a one-time payment of $7 million, along with retirement benefits and reimbursement for legal fees.
Just sayin': Well, $7M + retirement benefits + reimbursement of legal fees = the negotiated rate to keep a fired AD from "blowing the whistle" on scUM.....
Michigan will reportedly pay Warde Manuel a buyout of more than $7 million – equivalent to three more years of salary – when he steps down as the Wolverines’ athletic director in 2027.
www.elevenwarriors.com
Angelique Chengelis of The Detroit News reported Saturday that Manuel will receive a buyout worth $7,143,346, minus tax withholding, within 21 days of the end of his tenure as athletic director. He will also receive a retirement contribution of $108,000 and all retiree benefits, including health plan coverage, as Michigan waived its typical service requirement of 20 years. Additionally, Michigan will pay Manuel’s $82,000 in attorney fees and will give him the typical benefits provided to a former athletic director, including tickets and golf privileges.
Just in case any other Big Ten schools were lining up to hire him, Manuel’s settlement with Michigan also includes a non-compete clause that prevents him from working as an athletic director or senior athletic adviser for any Big Ten school in the next two years.
Manuel will also remain with Michigan as a special advisor to the president, as Michigan president Domenico Grasso has asked Manuel to help the university implement reforms in the athletic department – the athletic department he has led since 2016 – that include strengthening its compliance office, enhancing human resources operations, establishing consistent investigative policies and procedures, improving processes for reporting and escalating concerns, strengthening athletics leadership and organizational structure, and expanding student-athlete health and wellness support
Just sayin': Needless to say he scUM Athletic Department has a lot of skeletons in it's closet and Manuel knows exactly where to find them.