University of Wisconsin athletic director, Barry Alvarez, has signed a new contract that includes a significant pay raise. The new contract, approved by the university’s board of regents, will see Alvarez’s annual salary increase from $900,000 to $1.1 million. In addition to his base salary, Alvarez will also be eligible for performance-based incentives.
Alvarez, who has been the athletic director at Wisconsin since 2004, is highly respected within the university and among college athletics. Under his leadership, the university’s athletic program has seen success both on and off the field. Wisconsin’s football team has consistently been competitive, and the basketball program has seen a resurgence in recent years.
In addition to his duties as athletic director, Alvarez also serves on the college football playoff selection committee. This high-profile position has further raised his profile within college athletics.
The new contract for Alvarez comes at a time when college athletics is facing increased scrutiny and competition. With the possibility of name, image, and likeness rights being granted to student-athletes, athletic directors like Alvarez will need to navigate these changes while continuing to ensure the success of their programs.
In a statement, Alvarez expressed his gratitude for the contract extension and pay raise, noting that he is committed to continuing to build on the success of Wisconsin’s athletic program. The university’s chancellor, Rebecca Blank, also praised Alvarez for his leadership and dedication to the university.
Overall, the new contract for Barry Alvarez reflects his contributions to the University of Wisconsin and the success of the athletic program under his leadership. With a hefty pay raise and continued support from the university, Alvarez is poised to continue guiding Wisconsin’s athletic program to new heights.
Source
Photo credit news.google.com