News Summary
Keli Zinn has officially taken on the role of Athletic Director at Rutgers University, securing a record-breaking five-year contract. With an initial salary of $1.35 million, Zinn’s compensation plan includes performance-based bonuses and retention incentives, reflecting the university’s commitment to enhancing its athletic program. Her strategic focus will be on revenue generation and improving the Name, Image, and Likeness (NIL) program to attract top athletes. Zinn’s previous experience includes significant leadership positions at leading universities.
New Brunswick, NJ – Keli Zinn has officially stepped into her role as the Athletic Director at Rutgers University, marking the beginning of her tenure with a substantial five-year contract that sets her as the highest-paid athletic director in the history of the institution. The Rutgers Board of Governors approved this contract, which includes an initial base salary of $1.35 million and provides for annual increases contingent on positive evaluations.
The details of Zinn’s compensation are intricate, with annual raises of $50,000 planned if her performance meets expectations. Over the five-year contract period, her salary is slated to increase as follows:
- Year 1: $1.35 million
- Year 2: $1.4 million
- Year 3: $1.45 million
- Year 4: $1.5 million
- Year 5: $1.55 million
Additionally, Zinn will receive two retention bonuses of $150,000 every two years throughout the contract term. Her package also includes performance bonuses that are linked to specific achievements across various sports, with a maximum potential bonus of 50% of her base salary, which for the first year could total up to $675,000.
Performance-Based Incentives
Under her leadership, certain milestones will unlock additional remuneration. For football, Zinn’s bonuses will depend on the team’s performance. A 5% bonus is earned if the team achieves between 7 to 8 wins, while a 10% bonus is available for securing at least 9 wins, a top 25 ranking, and playing in a bowl or championship game.
In basketball, both men’s and women’s teams can yield bonuses of 5% for winning 20 games or participating in the NCAA Tournament, with a 10% bonus for reaching the finals of the NCAA Tournament. In addition, Director’s Cup finish bonuses can range from 5% to 30% of her salary based on the department’s overall performance.
Additional Financial Details
For every Big Ten Championship won across any sport, Zinn will receive a 5% bonus. The contract also includes performance bonuses based on the Academic Progress Rate (APR), which can range from 5% to 25%. The financial structure also incentivizes revenue generation by awarding $10,000 for every $1 million in new revenue sourced outside the Big Ten revenue, and $5,000 for every $1 million from renewing existing deals.
Should Zinn be terminated without cause, she will be entitled to any unpaid bonuses and her base salary for the remaining duration of the contract. Conversely, if she resigns to assume a position at another academic institution, she is required to pay 25% of her remaining base salary back to Rutgers.
Additional Benefits
As part of her contract, Zinn will receive a $12,000 annual vehicle allowance and has received up to $15,000 in reimbursement for legal fees linked to her contract negotiations.
Background and Future Goals
Keli Zinn brings considerable experience to her new position, having previously served as the Deputy Athletic Director and Chief Operating Officer at Louisiana State University, along with holding various roles at West Virginia University and the University of Maryland. One of her strategic priorities at Rutgers is to enhance the Name, Image, and Likeness (NIL) program, aiming to attract high-caliber athletes to the university.
Furthermore, Zinn emphasized the critical importance of revenue generation for the athletic department, seeking to maintain a balance between traditional fundraising efforts and capital support for vital university projects.
Deeper Dive: News & Info About This Topic
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Additional Resources
- ESPN: Rutgers Hires Keli Zinn as Athletic Director
- Wikipedia: Rutgers University
- Scarlet Knights: Keli Zinn Appointed as Athletic Director
- Google Search: Keli Zinn Rutgers Athletic Director
- NJ.com: Contract Details for Keli Zinn
- Google Scholar: Keli Zinn
- 247Sports: Keli Zinn on NIL Gains
- Encyclopedia Britannica: College Athletics
- On3: Keli Zinn Introduced as Athletic Director
- Google News: Keli Zinn Rutgers
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