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Three-year extension, through June 2024, with an additional two-year option, Cohen received a raise in base salary from $460,000 per year to $750,000, plus an increased annual retention bonus of $75,000, payable upon vesting in 2021 (and again in 2024, should she remain the AD). Also will be eligible for an annual merit raise of no less than 2 percent, at the president’s discretion, in addition to a maximum of $100,000 per year in performance incentives (such as academic and on-field achievement).
Her new total annual compensation of $825,000 (retention bonus included) should put her in the top half of athletic director pay at public schools in the Pac-12. But she knows there are more important money matters at hand, such as the long-term financial health of the department, the cash influx via the Adidas deal and the push to fund a new facility to house the men’s and women’s basketball programs.