Former USF Athletic Director Doug Woolard received more than $1 million from the school after stepping down in early July, according to the Tampa Bay Times after a public records request was received Monday.
Woolard, who was replaced by Mark Harlan in March 2014, received $400,000 in deferred compensation in addition to his $610,927.38, which was the remaining value of his three-year contract extension signed in 2012.
The money was paid from USF Athletics revenue sources according to documents the Tampa Bay Times received from a public records request filed in July. The document was signed by Woolard and USF chief operating officer John Long on May 14, 2014.
The two parties agreed to mutually part ways after the transition to Harlan progressed more quickly than anticipated, according to a letter between Woolard and the university.
“The transition has gone smoothly and more rapidly than anticipated, so in compliance with your request, we have agreed that it is in our mutual best interests to accelerate your retirement from USF after 10 years of service and significant growth and standing in USF Athletics,” the document stated.
Woolard has orchestrated many contracts for USF including the university’s deal with Under Armour as well as a 10-year/$22 million multimedia contract with IMG College.
Woolard announced his retirement from the university in January of last year and was expected to remain on staff in a lesser role until his contract expired in June 2015.
However, the requested documents showed that the former AD was placed on “100 percent off-campus professional development leave.” Woolard left himself available in a consultant role.
In addition to this buyout, USF is currently paying Harlan $500,000 per year.
Woolard now resides as an adviser at his alma mater, Southern Illinois-Carbondale.