With a fresh, five-year contract extension unanimously approved by the University of Colorado Board of Regents on Wednesday, athletic director Mike Bohn said he is eager to continue building the department.
Bohn’s $297,000 base salary will remain the same, with an extra $100,000 available in incentives. An additional incentive structure totaling $54,000 was added to the new contract based on revenue generated through tickets, suite sales and donations.
“We are very excited to continue with our effort to build an athletic program that matches the academic standing of the institution,” Bohn said. “We recognize there is work yet to be done to meet our lofty goal.”
Phillip DiStefano, chancellor of the Boulder campus, and Bohn have worked closely with the transition to the Pac-12. While Bohn’s hands-on role was a factor in earning the added job security, DiStefano said, “he made those tough decisions about coaches in the past year, year and a half (fired football and women’s basketball coaches) and if you look at that — to make those tough decisions — and get the ship moving in the right direction.”
If he is terminated without cause, the university will owe Bohn $350,000 a year for the number of years left in the contract.There is no mention of a buyout clause if another institution hires him away.
Natalie Meisler, The Denver Post
