Debt service payments? Ask me if I give a shit.

An editorial in the University of Oregon newspaper describes Mike Bellotti’s classy exit from his athletics director position at UO (background here):

… Bellotti believes he was promised a five-year contract, which would have given him an even larger buyout, though it’s hard to know without evidence in writing. He said in a press conference he is not taking anything that isn’t owed to him, a statement that seems out of touch amid the ongoing argument that the University places a higher priority on athletics than academics. It’s irresponsible for Bellotti to insist upon so much money, when as former athletic director, he knows the athletic department already owes $16 million annually to cover debt service payments for Matthew Knight Arena…

Leaving No Oregon Trail

University of Oregon athletics doesn’t like to do contracts.

As all criminal syndicates know, if you write down what you’re doing, other people can figure out… what you’re doing.

Do you remember any scenes of Al Pacino signing contracts in The Godfather?

So when the school’s athletic director left the other day to take a tv job, and the school just, you know, gave him $2.3 million dollars even though he wasn’t fired – he quit – and even though it was all done via secret handshakes, the state Justice Department decided to investigate.

The UO says it had no signed agreement with Bellotti on the terms of his employment or departure when he took over the job of athletic director last summer, yet the university said it will pay the former football coach the $2.3 million to fulfill unspecified “commitments” that were never put on paper.

Bellotti negotiated the terms of his employment orally with UO President Richard Lariviere in July, when both of them were beginning their new jobs, a UO spokeswoman said last week. The UO is not making those terms public. Less than nine months later, the two settled on the details of a deal allowing Bellotti to leave for the television job with the multimillion-dollar payout.

Nobody at the university has any comment to make to reporters.

Reporters want to know how a once-respectable university became such a cheesy outfit.

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