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Gregg Marshall's separation package
Posted on: February 15, 2022 at 15:47:24 CT
FIJItiger MU
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https://www.bizjournals.com/wichita/news/2020/11/19/how-gregg-marshall-is-being-paid-to-leave.html
According to his separation agreement, that will be paid out in sums of $48,076.92 every two weeks beginning Dec. 11, 2020. A total of 156 equal payments will pay Marshall $7.5 million.
If he had been fired for good cause, no termination pay would have been required. One of the definitions of good cause in the contract is "discreditable conduct by Mr. Marshall that is inconsistent with the professional standards expected of a head coach of an intercollegiate sports team that results in material injury to the reputation of Wichita State University, the ICAA or the (p)rogram and/or conduct that offends public decency or morality as measured by the community standard prevailing in Wichita and the (s)tate of Kansas."
According to his separation agreement, that will be paid out in sums of $48,076.92 every two weeks beginning Dec. 11, 2020. A total of 156 equal payments will pay Marshall $7.5 million.
If he had been fired for good cause, no termination pay would have been required. One of the definitions of good cause in the contract is "discreditable conduct by Mr. Marshall that is inconsistent with the professional standards expected of a head coach of an intercollegiate sports team that results in material injury to the reputation of Wichita State University, the ICAA or the (p)rogram and/or conduct that offends public decency or morality as measured by the community standard prevailing in Wichita and the (s)tate of Kansas."
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Gregg Marshall's separation package - FIJItiger MU - 2/15 15:47:24