MSU negotiates new contract with AD Mark Hollis

Michigan State University President Lou Anna K. Simon has negotiated a new contract with Athletics Director Mark Hollis. Find a summary of the key changes that have been made to his contract.

[Read Tom Dienhart’s Q&A with Mark Hollis]

  • The term of the contract has been converted from a fixed term contract expiring Dec. 31, 2016, to a rolling five-year contract that will renew every July 1.
  • Increase in base salary to $600,000 effective Oct. 1, 2012.  (This is an increase from his current base salary of $395,000.)
  • Annual longevity payment of $100,000 (paid each July) contingent on Hollis’ continuous service as AD for the previous 12 months  (This is a new payment.)
  • Annual performance bonus of up to $50,000 for achievement of performance objectives, including compliance with NCAA and Big Ten rules, specific financial performance metrics, and fundraising objectives.  (This is a decrease from his current annual performance bonus of up to $62,000.)

According to a Michigan State release, the remaining terms of the contract are unchanged.

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Scott Wilson on 6/19/2012 @ 9:27am EDT Said:

I think Mark Hollis is one of the best athletic directors in the country. More importantly Izzo and Dantonio love him so as long as he stays at State the longer they will stay. Great move by President Simon. Go State!