After this month’s announcement that USF Athletic Director Doug Woolard will be retiring, university records reveal the search for a new athletic director has began, according to an article by the Tampa Bay Times.

An agreement signed by USF President Judy Genshaft and search firm Eastman & Beaudine, Inc., states the search for the new athletic director will cost $100,000, with an initial retainer of one-third that amount, according to the article.

The agreement states this is a “reduced” rate, as the normal fee to universities and non-profits is 25 percent of the hired executive’s first-year compensation. The Times article states the new athletic director’s pay is
“conservatively estimated” at $500,000.

Woolard has served as USF’s athletic director since 2004 and would retire when his contract ends in June 2015.

Woolard earned an annual base salary of around $600,000 according to his last
contract.

– Staff report