BOARD OF REGENTS BRIEFING PAPER

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Cameron Briggs
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1 BOARD OF REGENTS BRIEFING PAPER 1. Agenda Item Title: Two-year contract extension for Head Basketball Coach, David W. Rice Meeting Date: April 25, BACKGROUND & POLICY CONTEXT OF ISSUE: This is a two-year employment extension (April 25, 2014 through June 30, 2019) for David W. Rice to serve as the Head Men s Basketball Coach at UNLV. This agreement replaces Employee s current employment agreement for the period of October 10, 2012, through June 30, SPECIFIC ACTIONS BEING RECOMMENDED OR REQUESTED: If approved, beginning on April 25, 2014, through June 30, 2019, the employee s annual base salary will remain at $300,000. The employee will, however, have the opportunity to increase his annual base salary to a maximum amount of $400,000 based upon performance incentives. While the total amount of other compensation will not increase, there is a shift among components. Incentives are listed below (any increase would take place at the beginning of the immediately following fiscal year in which the increase is earned): For winning the regular season conference championship (alone or shared) at any time during the contract term, the University will increase the base salary by $50,000. For winning the tournament championship at any time during the term, University will increase the base salary by $50,000. For qualifying for the NCAA Tournament at any time during the term, University will increase base salary by $50,000. The employee s annual media appearance fee will be increased from $300,000 to $350,000. The increase in the media appearance fee is in place of the $50,000 annual completion bonus under employee s existing contract. The employee will also earn, as currently exists, $50,000 annually for performance under UNLV s agreement for the basketball program s shoes, apparel and equipment. Employee will also be eligible for bonuses for post season play. The employee is not eligible for merit increases or cost of living ( COLA ) increases. 4. IMPETUS (WHY NOW?): Coach David W. Rice has completed several very successful seasons during his tenure at UNLV. Providing him with a two year contract extension retains the established continuity within the basketball program, affords Coach Rice opportunities to effectively recruit student-athletes, helps retain qualified assistant coaches, and provides a stable environment for current student-athletes. In addition, new NCAA legislation allows coaches to offer a multi-year scholarship which encourages prospects to seek a coach who has committed to a university for an extended period of time. Lastly, moving forward with this contract prevents other schools from luring our staff away from UNLV. 5. BULLET POINTS TO SUPPORT REQUEST/RECOMMENDATION: In his time with UNLV, Coach Rice has compiled a three-year mark of at the helm of the Runnin Rebel program. The 71 wins over his first three years ranks second all-time at UNLV, only to Hall of Fame Coach Jerry Tarkanian s 73 wins in his first three seasons. The team s success has earned positive publicity for its players, staff, athletic department, and entire university. Local interest and support of the program continues to build. Coach Rice and his staff have built a program that the campus, city and state can be proud of both on and off the field. Revised: June 2010 (BOARD OF REGENTS 04/25/14) Ref. BOR-6, Page 1 of 40

2 Coach Rice and his staff are committed to the mission of the university in graduating studentathletes. Coach Rice has led UNLV to two NCAA Tournament appearances in his three years, including the program's highest seed in 22 years. Coach Rice has led UNLV to wins over seven top-25 teams, including over no. 1 North Carolina in 2011, which was the program's first victory over the nation's top-ranked team in 22 years and the first time a Mountain West school defeated the No. 1 team in both polls. Recruited and then coached the eventual No. 1 pick in the 2013 NBA Draft (Anthony Bennett). Coached the Mountain West Freshman and Defensive Players of the Year, UNLV's first since 2000 and 2007, respectively. Khem Birch repeated in as the league's Defensive Player of the Year. 6. POTENTIAL ARGUMENTS AGAINST THE REQUEST/RECOMMENDATION: Department of Intercollegiate Athletics should assume no additional long term obligations due to budget uncertainties. 7. ALTERNATIVE(S) TO WHAT IS BEING REQUESTED/RECOMMENDED: Continue under current contract that expires June 30, COMPLIANCE WITH BOARD POLICY: X Consistent With Current Board Policy: Title # 2 Chapter # 5 Section #5.4.2(a) and (e) Amends Current Board Policy: Title # Chapter # Section # Amends Current Procedures & Guidelines Manual: Chapter # Section # Other: X Fiscal Impact: Yes _X No Explain: The employee s annual base salary will remain at $300,000; however, the employee will have the opportunity to increase his annual base salary to a maximum amount of $400,000 based upon performance incentives. Any increase will take place at the beginning of the immediately following fiscal year in which the increase is earned. While the total amount of other compensation will not increase, there is a shift among components. A $50,000 annual completion bonus under the existing contract will be replaced by an increase in the employee s media appearance fee of the same amount. The employee s media appearance fee will be increased from $300,000 to $350,000. The employee will also earn, as currently exists, $50,000 annually for performance under UNLV s agreement for the basketball program s shoes, apparel and equipment. Revised: June 2010 (BOARD OF REGENTS 04/25/14) Ref. BOR-6, Page 2 of 40

3 University of Nevada, Las Vegas Name: David W. Rice Coach Head Men s Basketball Summary of Terms Term: April 25, 2014 through June 30, 2019 Pg. 2 Funding: Employee s salary is paid through self-supporting accounts and budgeted annually. Compensation: $ 300,000 Base Salary per fiscal year. Employee shall have the opportunity to increase Base Salary to a maximum amount of $400,000 per fiscal year as follows, however, in no event shall the total increase to Base Salary during the term be more than $100,000 (Pg. 9-11): For winning the regular season conference championship (alone or shared) at any time during the term, University will increase Base Salary by $50,000. For winning the tournament championship at any time during the term, University will increase Base Salary by $50,000. For qualifying for the NCAA Tournament at any time during the term, University will increase Base Salary by $50,000. Any increase in Base Salary shall become effective on July 1 of the following fiscal year in which the increase is earned. Any increase in Base Salary in no way limits the Post Season Play Compensation. Media Appearance Fee: The University shall pay Employee $300,000 per fiscal year prorated from the Effective Date through June 30, Commencing July 1, 2014, such payments shall be at the rate of $350,000 per fiscal year. Pg. 13 [Note: the increase in the Media Appearance Fee is in place of the $50,000 annual completion bonus under the existing contract.] Items A H do not reflect any change from the existing contract, except item E2: A. Shoe and Apparel Contract: University shall pay to Employee the sum of $50,000 per fiscal year. Pg B. Automobile Allowance: The University shall make arrangements for and provide to the Employee, on a loan basis, two (2) automobiles. Pg. 12 C. Tickets and Memberships: The University shall make available to Employee, upon request the following tickets (Pg. 12): Up to six (6) season tickets to the University s football team s home games. Eighteen (18) season and post-season tickets to the University s men s basketball Games. Six (6) season tickets to all other varsity games. University will arrange for membership privileges, at no cost to Employee, at a local golf or country club. D. Hosting Account: The University shall provide to Employee $15,000 per fiscal year. Pg. 14 (BOARD OF REGENTS 04/25/14) Ref. BOR-6, Page 3 of 40

4 E. Post Season Play Compensation: The University shall pay the Employee as follows (Pg ): 1. For winning the regular season conference championship (alone or shared), University will pay Employee $10, For winning the tournament championship, University will pay Employee $10, For qualifying for the NCAA Tournament, University will pay Employee $25, For each win in the NCAA championship tournament, University will pay Employee $50,000 per win. 5. If Employee is selected as the Coach of the Year of the conference (whether alone or shared with another conference coach), University will pay Employee $10,000. F. Fringe Benefits: The Employee will be entitled to standard fringe benefits provided to University employees, including insurance, sick leave and retirement contributions for the Base Salary. Pg 11 G. Employee: will X will not earn annual leave. Pg. 11 will X will not be eligible for cost of living (COLA). Pg. 11 will X will not be eligible for merit pay adjustments to his/her base salary. Pg. 11 X will will not be entitled to a reasonable amount of compensated personal leave upon written approval of the Athletic Director. Pg. 11 H. Reassignment: Employee may X may not be reassigned. Pg. 3 Termination: University Payment if Terminate For Convenience: If University terminates for convenience prior to March 31, 2019, University shall pay Employee the entire remaining Base Salary that would be paid to the Employee until the expiration of the term of this Agreement. In the event Employee obtains other employment of any kind or nature after such termination, then the amount of compensation the University pays will be offset or eliminated by the amount of compensation paid to the Employee as a result of such other employment. Pg The following represents significant modifications from the existing contract wherein the employee had agreed to a maximum payment of $250,000 in the event employee terminated without cause. Employee s Payment if Terminate Without Cause: If Employee terminates for convenience during the dates set forth below, and commences or contracts for similar or related employment within twelve (12) months of the termination for convenience, then Employee shall pay to University the following sums (calculated as of the date the Employee accepts or contracts for similar or related employment): Effective Date and March 31, $1,000,000 April 1, 2015 and March 31, $750,000 April 1, 2016 and March 31, $500,000 April 1, 2017 and March 31, $250,000 April 1, 2018 and March 31, $125,000 If Employee terminates for convenience prior to March 31, 2019 and does not commence similar or related employment within twelve (12) months of the effective date of the termination, then Employee shall pay to University $250,000. Pg (BOARD OF REGENTS 04/25/14) Ref. BOR-6, Page 4 of 40

5 This Summary of Terms is not part of the Employment Agreement. In the event of any discrepancy between this Summary of Terms and the Employment Agreement, the Employment Agreement controls. (BOARD OF REGENTS 04/25/14) Ref. BOR-6, Page 5 of 40

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HEAD BASKETBALL/FOOTBALL COACH CONTRACT CHECKLIST

HEAD BASKETBALL/FOOTBALL COACH CONTRACT CHECKLIST University of Nevada, Las Vegas Name: Marvin Menzies Head Men s Basketball Coach Check all that apply to this contract and fill in the blanks. There are