DENVER — University of Colorado athletic director Mike Bohn will get $918,000 for his resignation from the university, according to copy of the settlement agreement obtained by FOX 31.
Bohn will be paid close to a million dollars for agreeing not to sue CU, which will be paid for by athletic department revenues.
Chancellor Phil Distefano accepted Bohn’s resignation Tuesday afternoon. Distefano then named Ceal Barry interim athletic director beginning June 3.
“Mike Bohn led CU-Boulder athletics in a time of great transition and change,” said DiStefano. “We are grateful to him for his vision, passion and commitment, and for his key role in revitalizing men’s and women’s basketball, helping us to join the Pac-12 Conference, and in taking important steps to upgrade athletic facilities at CU-Boulder. We wish him well.”
DiStefano said he will in the coming days appoint a search committee to conduct a national search for Bohn’s successor.
DiStefano said the university will be seeking “a dynamic leader” as athletic director – someone who, he said, “can focus on our key goals of fundraising, building a dynamic organization, and creating long-term sustainability in the athletics mission.”
Bohn oversaw the transition from the Big 12 to the Pac-12 in 2010.
Bohn was named the university’s sixth athletic director on April 13, 2005, five months after CU Athletic Director Dick Tharp stepped down.