Barnhart to retire

[bthaunert]

DeWayne Peevy has agreed to a contract extension as Depaul's AD so that removes him from the conversation.

Best news of the day!

[bthaunert]

First of all, while I don't like some of the things Mitch did, overall I feel like he was a good AD. Having said that, I agree with Mr. Setzer 100%. This should never have been considered to begin with and the idea should be dropped immediately in my opinion.

The problem dates back to 2023 when Mitch signed an amendment to his contract that has this option in it, including the pay ($800,000 base plus a $150,000 bonus thing). If the university decided to back out of this agreement, I imagine there would be a breach of contract lawsuit and Mitch would easily win.

The moist criminal thing in the final contract that Mitch signed in 2023 is the retention bonuses. They added $1.95 million in retention bonuses ($650,000/year that he would receive on June 30 2026, 2027 and 2028) - that is absolutely criminal. Not only is he getting $950,000 next year, but he will get a $650,000 bonus on June 30th 2026, so he's actually getting $1.6 million..

[WeWant9]

The problem dates back to 2023 when Mitch signed an amendment to his contract that has this option in it, including the pay ($800,000 base plus a $150,000 bonus thing). If the university decided to back out of this agreement, I imagine there would be a breach of contract lawsuit and Mitch would easily win.

The moist criminal thing in the final contract that Mitch signed in 2023 is the retention bonuses. They added $1.95 million in retention bonuses ($650,000/year that he would receive on June 30 2026, 2027 and 2028) - that is absolutely criminal. Not only is he getting $950,000 next year, but he will get a $650,000 bonus on June 30th 2026, so he's actually getting $1.6 million..

Regardless of anyone's feelings toward Barnhart, I am not sure how any can look at this deal and not raise their eyebrow.