Friday, April 25, 2014

Oklahoma AD Joe Castiglione Is Racking Up Bonuses

University of Oklahoma Athletic Director Joe Castiglione received $30,000 in bonuses tied to the postseason success of the women’s gymnastics team, a program that lost more than $1.5 million last year.

The Sooners won the Big 12 title in March, their sixth in seven years, and shared the National Collegiate Athletic Association championship last weekend. The program was one of four women’s gymnastics teams whose expenses outpaced revenue by more than $1.5 million in the year ended June 30, according to data schools submit to the U.S. Department of Education.

Castiglione, who is being paid a $905,000 guaranteed salary this year, was unavailable to comment, according to school athletics spokesman Pete Moris. An e-mail sent to university President David Boren’s office wasn’t returned.

Castiglione’s contract, obtained through open records laws, includes bonuses of $10,000 for the gymnastics team’s conference title and $20,000 for the NCAA championship.

“‘We try to say college sports isn’t a business, and yet we let athletic directors operate like for-profit CEOs with all this incentive pay,” said David Ridpath, a sports administration professor at Ohio University. (More at Business Week)

In addition, Joe Castiglione received $40,000 for OU's Sugar Bowl appearance, $50K for both OU men's and women's basketball teams berth in the NCAA tournament and $10K for OU men's gymnastics conference title, according to records.
Share this PostTwitter sharePin ThisShare on TumblrShare on Google PlusEmail This