Report: Auburn AD Jay Jacobs to be paid huge yearly sum in retirement

Auburn athletic director Jay Jacobs will never have to work again.

The Times-Daily reports Jacobs will make $540,000 per year from his state retirement once he steps down.

The exact amount of Jacobs’ annual retirement benefit hasn’t yet been calculated, but Yancey last week said it will be at least $45,000 a month, and potentially more.

“We’re reviewing his contracts to determine the eligibility of certain incentive payments (toward his retirement benefit),” Yancey said.

Rewards for winning seasons written into his contract apply to his retirement benefit.

Jacobs announced that he would step down on Nov. 3 amidst turmoil in the athletic department. Among them was the arrest of basketball assistant Chuck Person on bribery charges. 

Softball coach Clint Myers also retired suddenly after issues came up with the softball program. An ESPN report also said that a staffer once took an exam for a football player. 

He has been the Tigers athletic director since 2004.

 

 

The post Report: Auburn AD Jay Jacobs to be paid huge yearly sum in retirement appeared first on SEC Country.

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