Greenspan can write a book

16 comments by   |   Monday, June 30, 2008 - 3:14 pm EDT

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.

Share the Scoop!

Related content: Read more in Men's Basketball
Ferrell, Robinson enter pretrial diversion program
Mosquera-Perea reaches plea agreement for OWI arrest
CBS to carry a pair of Indiana basketball games #iubb
Big Ten Network to broadcast 17 Indiana basketball games
Guyton writes open letter to Knight, asks him to return to IU
Monday, June 30, 2008 - 3:29 PM EDT

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

Greenspan should be paying us… What a bumbling fool.

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

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”

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

Book title

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

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

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!!

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

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.

#7 Monday, June 30, 2008 - 7:15 PM EDT


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

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

uh oh....
Monday, June 30, 2008 - 7:58 PM EDT

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


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

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

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

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.”

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

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!

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


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.

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

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

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

#16 Tuesday, November 3, 2009 - 12:34 AM EDT

I think your blog is so nice.So I impressed your beautiful expression.I just bookmarked you…keep up the good work!!!!
laptop keyboard
computer keyboard
Computer Accessories


RSS feed





Today @

Recent comments on The Scoop

  • W. Volleyball. Smooth Jazz: Big Ten Preparation - On this weeks episode of Smooth Jazz, sophomore Jazzmine McDonald gives a behind the scenes look at the preparation leading up to the Hoosiers first Big Ten
  • M. Basketball. #IUBB Video Highlights From Canada Trip - With official practices getting ready to start later this week, we take a look at some video highlights from the Hoosiers trip to Canada in early August.
    Read more...  
  • Hoosier Newsstand, Sep. 30 - Get the latest articles on Indiana basketball, football and other Hoosier sports of interest in today's
  • From the road: Florida - Korey Charles looked like the complete package, says Adam Krohn, who observed four teams from North Florida over the
  • 2014-2015 ITH season preview: Ohio State Buckeyes -

    With the start of college basketball season on the horizon, we’ll be taking a long look at the conference at large as well as Indiana’s roster over the next month. Today,

  • 2014-2015 ITH season preview: Michigan State Spartans -

    With the start of college basketball season on the horizon, we’ll be taking a long look at the conference at large as well as Indiana’s roster over the next month. Today,

  • NBA Daily Cheat Sheet: September 30 - Everything you need to know about the New Orleans
  • Albers Angle: Basketball recruiting tidbits - Indiana hosted an official visitor last weekend and will check in on some 2016 kids soon. Get updated
  • The Week Five Opponent Recap
  • The Hoosier Pulse: Roster Transition