Greenspan can write a book


Rick Greenspan.

We received a copy of Rick Greenspan’s severance agreement today through a public records request.

Among the more interesting parts of the five-page document (which you can read in its entirety below) is that, according to clause 4.03, the “University agrees that Employee retains rights to any book he may wish to write and publish.”

Anyone have a suggested title for said book?

As part of the severance, Greenspan will receive the bulk of his payoff ($369,000) on or near Jan. 15, 2009.

Then he’ll receive $4,600 each month from January 2009 through December 2009, as well as $1,400 each month of next year until he “obtains other substantially equivalent employment with health insurance coverage and benefits.”

There’s also, as you might imagine, a lengthy clause in which somebody tried to use as many syllables as possible to say, “You can’t sue us.”

But here’s the summation of the whole deal for you, the third item in Recitations section of the document:

“The University and Employee have evaluated their respective needs, and the Employee has elected to resign upon condition that Employee be compensated for the release of the right to continued employment.”

Rick Greenspan severance agreement.

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16 comments:

  • JL #1


    Monday, June 30, 2008 - 3:29 PM EST

    I would read that book. I want to know who actually made the brilliant decision to hire Sampson? I now know why Greenspan has never said it, saving it for the book!

  • Steve O #2


    Monday, June 30, 2008 - 3:31 PM EST

    Greenspan should be paying us… What a bumbling fool.

  • ChronicHoosier #3


    Monday, June 30, 2008 - 3:43 PM EST

    The book clause, which wasn’t present in Sampson’s severance, indicates Greenspan insisted on the clause. As he said in his presser, he’s in it for the money and wants to be paid when he smears the University and Sampson. Also interesting:1)he’s going to have to foot the bill for his own legal expenses at the end of his employment (sec. 3.06)(when will we likely have our next hearing?); he agrees to be available “periodic consulting” for IU (?!)(sec. 3.10); and, most interestingly, his “resignation” was “condition(al)” on compensation (sec. 1.03). That clause, alone, sheds light on the fact that his resignation was requested and/or bargained for, not something done at his sole discretion.

    As for the book’s title, I’d suggest “Blind Eye on the Phone Guy”

  • MACMAN #4


    Monday, June 30, 2008 - 4:16 PM EST

    Book title

    How to ruin an AD job in just a few years.
    or
    How to leave a job and still make money.
    or
    How to be an AD for Dummies

  • HiggiStardust #5


    Monday, June 30, 2008 - 6:50 PM EST

    How do you know you’ve MADE IT? When you can be a royal f*@k up and still get paid! Nice going Greenspan…if you were truely noble you would walk away before the start of the Fall Term and not steal…err…accept another dime for your poor decisions and failure to oversee our once “model program.” Don’t let the door hit you on your sizable ass on the way out to Putz-ville!!

  • Caleb #6


    Monday, June 30, 2008 - 7:02 PM EST

    Guy may have made one really really bad hire, but he also righted the financial ship in the Athletic Department, hired Hep, hired Lynch, helped push through the badly needed facility upgrades, hired Coach Crean.

    You know something, if it wasnt for hiring Sampson this guy would be a genius.

    He deserves all the criticism he gets, but he will never get his due for the absolute good he did for this university. Its like the mob, though. Somebodys gotta get whacked. Hmmmm maybe that could be the book’s title.

  • jimwfish #7


    Monday, June 30, 2008 - 7:15 PM EST

    I THINK THE NAME OF THE BOOK SHOULD BE A PLAY ON WORDS FROM A COUNTRY SONG “I GOT THE GOLDMINE THEY GOT THE SHAFT”

  • IUTom #8


    Monday, June 30, 2008 - 7:53 PM EST

    That picture of Greenspan leaving the Hall…I wish the door HAD hit him in the a$$.

  • uh oh.... #9


    Monday, June 30, 2008 - 7:58 PM EST

    how about this for the title:

    The Fall Guy Equation = The Man with a Cook Checkbook + a Lying Ex-President + Trustees with too much power

    or

    Maximize Your Payout: Know Where the Bodies are Buried and Take the Fall

  • Jason #10


    Monday, June 30, 2008 - 10:02 PM EST

    The pres and Greenie are buddies, so of course hes going to get taken care of. Make no mistake, Greenie took all the heat and thefall for HERBERTS HIRE.

  • Justin Nuther Dave #11


    Tuesday, July 1, 2008 - 7:31 AM EST

    Ricky Does IU.

    I won’t buy it, though. We have already seen his memo that said Herbert and the Trustees made the Sampson decision and asked him to subsequently recommend the hire. We all know that he will claim that he got IU into the black (due to the BTN cash cow.) And we know he claims the coverup isn’t a coverup…or it’s not his fault. I once knew a public official like him…he told me: “Never look out the window at work…you might see something.”

  • ww #12


    Tuesday, July 1, 2008 - 10:52 AM EST

    He certainly has a lot to write about. I wonder how much will be truth? It should be an interesting read. Will he tell about closed door meetings with Jennifer? I doubt I can pay for the book. I have to save my money to donate to IU athletics. We have more severance to pay. Crazy stuff!

  • ww #13


    Tuesday, July 1, 2008 - 11:16 AM EST

    Title:

    How to lose a job and fund your retirement.

    The appendix of the book includes an employment application for Indiana University. The book includes the recipe to get on the payroll, screw-up, and then receive an enormous payout to disappear. Chapters could include giggles from former success stories of AD’s, coaches, and former presidents.

  • Splenda #14


    Wednesday, July 2, 2008 - 4:05 PM EST

    Suggested Titles:

    Failure to Monitor: The Rick Greenspan Story

    Tuesdays with Kelvin

    If I Did It: A Hypothetical Story of The Kelvin Sampson Hiring

  • John Vance #15


    Thursday, July 3, 2008 - 8:26 PM EST

    Greenspan should have never been hired to start with.. IU has spent more money than they ever have on screw-ups that Greenspan caused. IU has nothing but trouble senece they got him

  • snio #16


    Tuesday, November 3, 2009 - 12:34 AM EST

    I think your blog is so nice.So I impressed your beautiful expression.I just bookmarked you…keep up the good work!!!!
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Scoop Poll:

How many games will IU basketball win in 2014-15

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