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State Representative Joyce Peppin
100 Rev. Dr. Martin Luther King Jr. Blvd.
651-296-7806
For more information contact: Amber Berhow 651-296-5520
NEWS RELEASE
PEPPIN AND SEIFERT CALL FOR NO STATE FUNDS FOR U OF M GOLDEN PARACHUTES
House Republicans request legislative hearings into recent buyouts of Gopher coaches
SAINT PAUL - Representative Joyce Peppin (R-Rogers) and House Republican Leader Marty Seifert introduced legislation yesterday to prevent state funds from being used for costs related to contract buyouts at the University of Minnesota.
"While our college students are looking for a Hail Mary pass to help them pay for college, the University of Minnesota is providing millions of dollars to get rid of coaches that failed to do their jobs," said Representative Joyce Peppin.
The legislation is in response to the contract bailouts of the football and men’s basketball coaches at the University of Minnesota. According to media sources, football coach Glen Mason walked away with a $2.2 million buyout, plus $1.4 million in deferred compensation and a $25,000 bowl bonus. Basketball coach Dan Monson received $1.32 million. University of Minnesota Athletic Director Joel Maturi recently said his department will have to borrow money from central administration to pay for the $3.5 million buyout total for both coaches.
“The cost of college athletics is spiraling out of control. Bailouts for terminated coaches and multi-million dollar contracts for college sports is a dangerous trend our college students cannot afford,” said House Republican Leader Marty Seifert.
Seifert said University of Minnesota President Bob Bruinicks recently called the spiraling costs of intercollegiate athletics an unsustainable trend.
“President Bruininks said the University must take control of their own house. We couldn’t agree more. We are asking for the University, the Board of Regents and the Minnesota Legislature to not expend one dime from the state treasury to bailout terminated coaches,” Seifert said.
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