IU president awards Greenspan contract extension through 2013

IU Director of Athletics Rick Greenspan will receive a contract extension through 2013.\nIU President Adam Herbert announced March 13 that he awarded Greenspan the three-year, nine-month extension through June 30, 2013, according to a news release from IU media relations. \nGreenspan is receiving the extension because he brought “stability and major improvements to IU’s intercollegiate athletic programs,” Herbert said in the release. \nIn just a few years in Bloomington, Greenspan has hired men’s basketball coach Kelvin Sampson, football coach Terry Hoeppner, baseball coach Tracy Smith and women’s basketball coach Felisha Legette-Jack, among others.\nDuring Greenspan’s tenure, athlete graduation rates have reached 92 percent, donations to the athletics department are at an all-time high, and a new financial plan has helped balance the department’s budget for the first time in several years, according to the release.\nGreenspan’s new contract will pay him $300,000 a year, with $60,000 in deferred compensation. The contract will also contain academic and athletics performance-based incentives and takes effect July 1, according to the release.