Friday, November 11 Erb Memorial Union, 107 Charles Miller Leadership Room*

Board of Trustees of the University of Oregon Executive and Audit Committee Public Meeting 1:30 pm – Friday, November 11 Erb Memorial Union, 107 Charles Miller Leadership Room* Convene - Call to order, roll call 1. Approval of Certain Athletic Contract (Men’s Basketball, head coach): Rob Mullens, Director of Intercollegiate Athletics Meeting Adjourns *This will be a telephonic meeting of the committee. A location is provided for members of the public who wish to listen to the proceedings. BOARD OF TRUSTEES 6227 University of Oregon, Eugene OR 97403-1266 T (541) 346-3166 trustees.uoregon.edu An equal-opportunity, affirmative-action institution committed to cultural diversity and compliance with the Americans with Disabilities Act Agenda Item #1 Audited FY16 Financial Statements Page 1 of 22 Certain Employment Contract Dana Altman (Head Coach Men’s Basketball) Board of Trustees approval is sought for an employment contract within the Department of Intercollegiate Athletics (Athletics). Although employment matters are delegated to the University President, the Board has retained authority over contracts and instruments with an anticipated value reasonably expected to reach or exceed $5,000,000. Athletics has reached agreement for a renegotiated seven‐year contract with Dana Altman, head coach of men’s basketball, the aggregate value of which will exceed $5,000,000. Attached is a list of comparative salaries indicating Altman’s relative placement. Below is a brief summary of key economic terms: Term 7 years l(Apri 26, 2016‐April 25, 2023) Base salary Contract Year 1: $1,800,000* Contract Year 2: $2,500,000 Contract Year 3: $2,500,000 Contract Year 4: $2,700,000 Contract Year 5: $2,900,000 Contract Year 6: $3,000,000 Contract Year 7: $3,050,000 *Equivalent to current salary under existing contract Incentives (Annual) - Retention payments - $850,000 after contract year 1 - $200,000 after contract year 2 - $300,000 after each of contract years 3‐7 - Single‐year Academic Progress Rate (APR) for the men’s basketball team of 985 or greater ($50,000) - Pac‐12 Conference performance - Regular season conference first‐place finish ($40,000) - Pac‐12 Tournament championship ($40,000) - Both of the above (additional $20,000) - NCAA Tournament participation and performance - Selection to participate ($25,000) - Advancement to Sweet 16 ($50,000) - Advancement to Final 4 ($100,000) - Win the National Championship ($250,000) Men’s Basketball Head Coach Employment Contract ‐ Summary November 11, 2016 Page 1 Page 2 of 22 Notes: - Below data includes ONLY the 61 (out of 68) teams that qualified for the 2016 NCAA Tournament and were publically available - Coach Altman currently ranks outside the Top 30 nationally and 5th in the Pac-12 in annual guaranteed compensation - New agreement moves Coach Altman into the Top 20 nationally and tied for 3rd in the Pac-12 (including retention bonus) 2016 NCAA MBB Tournament Head Coach Salary Summary (Per USA Today Database) RK SCHOOL CONF HEAD COACH SCHOOL PAY OTHER PAY TOTAL PAY MAX BONUS 1 Duke ACC Mike Krzyzewski $7,299,666 -- $7,299,666 -- 2 Kentucky SEC John Calipari $6,580,000 $295,376 $6,875,376 $50,000 3 Arizona Pac-12 Sean Miller $4,535,664 $410,000 $4,945,664 $1,260,000 4 Kansas Big 12 Bill Self $4,748,776 $195,000 $4,943,776 $525,000 5 Michigan State Big Ten Tom Izzo $3,525,359 $625,000 $4,150,359 $350,000 6 West Virginia Big 12 Bob Huggins $3,325,000 $15,000 $3,340,000 $690,000 7 Pittsburgh ACC Jamie Dixon $3,234,437 -- $3,234,437 -- 8 Indiana Big Ten Tom Crean $3,152,867 -- $3,152,867 $740,000 9 Wichita State Mo. Valley Gregg Marshall $3,000,000 $130,000 $3,130,000 $838,000 10 Connecticut AAC Kevin Ollie $3,100,000 -- $3,100,000 $336,665 11 Oklahoma Big 12 Lon Kruger $2,850,000 $0 $2,850,000 $270,000 12 Michigan Big Ten John Beilein $2,760,833 $80,305 $2,841,138 $275,000 13 Texas Big 12 Shaka Smart $2,800,000 $5,000 $2,805,000 $720,000 14 Utah Pac-12 Larry Krystkowiak $2,575,000 -- $2,575,000 $280,000 15 Baylor Big 12 Scott Drew $2,502,491 $263 $2,502,754 -- 16 Villanova Big East Jay Wright $2,477,245 -- $2,477,245 -- 17 Purdue Big Ten Matt Painter $2,428,795 $0 $2,428,795 $901,874 18 Maryland Big Ten Mark Turgeon $2,360,121 $5,000 $2,365,121 $525,000 19 Cincinnati AAC Mick Cronin $2,201,305 -- $2,201,305 $640,000 20 Syracuse ACC Jim Boeheim $2,144,384 -- $2,144,384 -- 21 Vanderbilt SEC Kevin Stallings $2,138,645 -- $2,138,645 -- 22 Virginia ACC Tony Bennett $2,100,000 $1,500 $2,101,500 $1,450,000 23 Iowa Big Ten Fran McCaffery $2,000,000 $2,156 $2,002,156 $805,000 24 Oregon Pac-12 Dana Altman $2,000,000 $1,000 $2,001,000 $820,000 25 North Carolina ACC Roy Williams $1,998,169 -- $1,998,169 $1,000,000 26 Texas Tech Big 12 Tubby Smith $1,800,000 $11,300 $1,811,300 $400,000 27 Notre Dame ACC Mike Brey $992,264 $720,000 $1,712,264 -- 28 Providence Big East Ed Cooley $1,656,099 -- $1,656,099 -- 29 Miami (Fla.) ACC Jim Larranaga $1,544,178 -- $1,544,178 -- 30 California Pac-12 Cuonzo Martin $1,540,000 $0 $1,540,000 $300,000 31 Iowa State Big 12 Steve Prohm $1,500,000 $0 $1,500,000 $625,000 32 Colorado Pac-12 Tad Boyle $1,423,678 $5,000 $1,428,678 $1,550,000 33 Seton Hall Big East Kevin Willard $1,405,594 -- $1,405,594 -- 34 Gonzaga West Coast Mark Few $1,374,811 -- $1,374,811 -- 35 Texas A&M SEC Billy Kennedy $1,225,000 $2,000 $1,227,000 $808,335 36 Xavier Big East Chris Mack $1,186,661 -- $1,186,661 -- 37 Temple AAC Fran Dunphy $1,037,186 -- $1,037,186 -- 38 Virginia Commonwealth A-10 Will Wade $1,000,000 $10,000 $1,010,000 $605,500 39 Oregon State Pac-12 Wayne Tinkle $900,012 -- $900,012 $720,000 40 Saint Joseph's A-10 Phil Martelli $894,981 -- $894,981 -- 41 Northern Iowa Mo. Valley Ben Jacobson $775,000 $8,000 $783,000 $480,000 42 Dayton A-10 Archie Miller $692,547 -- $692,547 -- 43 Wisconsin Big Ten Greg Gard $638,500 $11,500 $650,000 $400,000 44 Iona MAAC Tim Cluess $501,638 -- $501,638 -- 45 Middle Tennessee C-USA Kermit Davis $450,000 $17,600 $467,600 $95,000 46 Stony Brook Am East Steve Pikiell $400,576 $10,750 $411,326 $115,500 47 Fresno State Mt. West Rodney Terry $411,216 $0 $411,216 $530,000 48 North Carolina Wilmington CAA Kevin Keatts $350,000 $21,000 $371,000 $260,000 49 Stephen F. Austin Southland Brad Underwood $351,500 $10,000 $361,500 $163,015 50 Weber State Big Sky Randy Rahe $312,594 $15,477 $328,071 $112,500 51 Arkansas-Little Rock Sun Belt Chris Beard $260,000 -- $260,000 $126,167 52 Florida Gulf Coast Atl Sun Joe Dooley $239,861 $20,000 $259,861 $115,000 53 Buffalo MAC Nate Oats $250,000 -- $250,000 $529,167 54 South Dakota State Summit Scott Nagy $212,000 $25,000 $237,000 $17,000 55 Wisconsin-Green Bay Horizon Linc Darner $230,000 $0 $230,000 $128,000 56 Hawaii Big West Eran Ganot $225,000 $0 $225,000 $185,000 57 Tennessee-Chattanooga Southern Matt McCall $220,000 $0 $220,000 $88,923 58 Austin Peay Ohio Valley Dave Loos $208,603 $0 $208,603 $0 59 Southern SWAC Roman Banks $180,000 -- $180,000 $195,000 60 California State-Bakersfie WAC Rod Barnes $147,484 $0 $147,484 $76,000 61 North Carolina Asheville Big South Nick McDevitt $124,000 $2,420 $126,420Page$20,000 3 of 22 Executive and Audit Committee Board of Trustees of the University of Oregon Resolution: Authorization to Execute Certain Employment Agreement (Altman) Whereas, Dana Altman (Altman) is currently employed as the head coach of the University of Oregon’s (University) intercollegiate men’s basketball team; Whereas, Altman has led the Oregon Ducks to successful seasons during his tenure as head coach and has shown a commitment to fulfilling the overall mission of the University’s athletic department; Whereas, Altman and the University wish to enter into a renegotiated agreement for his continued employment as the head coach of the University’s intercollegiate men’s basketball team; Whereas, ORS 352.107(c) grants the University of Oregon the authority to make any and all contracts and agreements that are appropriate; Whereas, the Policy on the Retention and Delegation of Authority requires the Board of Trustees to approve instruments exceeding $5,000,000 and the Policy on Committees authorizes the Executive and Audit Committee to act on behalf of the Board of Trustees; Now, therefore, the Executive and Audit Committee (EAC) of the Board of Trustees of the University of Oregon authorizes the President of the University or his designee(s) to take all actions necessary and appropriate to execute the agreement attached hereto as Exhibit A for the continued employment of Dana Altman as the head coach of the University of Oregon’s intercollegiate men’s basketball team, and the EAC further ratifies all actions taken by the University in negotiating this agreement up to this point.

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