14 Sep 2014
67° Overcast
Patch Instagram photo by patch
Patch Instagram photo by patch
Patch Instagram photo by patch
Patch Instagram photo by patch

Michael Adams to Receive Million$ in Payout

The Board of Regents will vote this week on the final agreement.

Michael Adams to Receive Million$ in Payout

his job as President of the University of Georgia next June. A shower of money will follow him for the next five years: he will get a $2.7 million in a retirement package, including a $600,000 lump sum.

Among all university employees, in June 2011. Other UGA employees havent't had a raise in three years. The money came from the UGA Athletic Association.

According to a story in the Atlanta Journal Constitution, it isn't clear whether the $600,000 will come from the UGA Foundation, which is private money, or from the taxpayers of Georgia.

According to the university system, the story says, the president has a total compensation package of $660,318, and a base salary of $258,670.

In addition to gobs of money, Adams will also join the faculty as President Emeritus and Regents Professor. The AJC says, like other retired presidents, he will also get a parking place, an office and a part-time secretary.

Share This Article