I heard this directly from an extremely high-level University official: that in fact McDermott's new salary is not the $9 million over 10 years that the Omaha World-Herald originally reported, but in fact $14 million for 10 years. From another individual, (this might be common knowledge and/or already has been posted) apparently the reason that Creighton ended up paying the entire $800K buyout was that if they tried to negotiate it lower, the full terms of McD's new contract would have to be disclosed. As a private Catholic Jesuit school, they don't have to release contract details unless they negotiate them to new terms; then they must be disclosed. The second part I don't know for sure, but it would lead one to believe that the first part is true...
Can't and won't reveal my source of info...but I was led to believe by someone close to the situation that GMac would be making slightly more money had he stayed at ISU and fulfilled his contract. He negated the money aspect of this situation and said it was a wash.
Due to the first part of my statement above...take it for what it's worth.
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