University of Wisconsin athletic director Barry Alvarez has a new five-year contract that will keep him among the highest-paid at his position in the nation.
Alvarez signed an extension in February that will carry through to Jan. 31, 2016.
He will receive $1 million in annual compensation starting in 2011-12, according to a source who spoke on the condition of anonymity because the financial details must be approved by the UW Board of Regents at their meeting July 14 and 15.
"I feel good about it," Alvarez said Wednesday.
The only other NCAA athletic directors reported to earn $1 million or more in annual compensation are Jeremy Foley at Florida ($1.2 million) and Gene Smith at Ohio State ($1 million).
The new deal calls for Alvarez to get $500,000 in base salary from UW Athletics and $500,000 from private gift funds held at the UW Foundation. He will receive $25,000 bumps in subsequent years provided he receives a satisfactory performance evaluation.
Regents also will consider new compensation upgrades for UW men's basketball coach Bo Ryan and women's hockey coach Mark Johnson.
Alvarez's previous contract, which went into effect in 2008 and was supposed to run through 2013, included $500,000 from UW Athletics, $250,000 from private gift funds and annual increases of $25,000. His overall compensation package in 2010-11 was $825,000.
Alvarez, 64, just completed his fifth school year as full-time AD. The Hall of Fame football coach of the Badgers from 1990 to 2005 held down both jobs for two years before turning the program over to Bret Bielema in 2006.
Multiple priorities have been fulfilled during Alvarez's tenure, including an annual operating budget in the black, having 23 sports nationally competitive and no major NCAA rules violations.
A cross-section of athletic department administrators, athletic board members, faculty, alumni association officials and alums did an evaluation of Alvarez's performance late last year and submitted it to UW Chancellor Biddy Martin.
"I think he's very careful to run an operation that has integrity and also is as efficient as possible," Martin said of Alvarez. "He's ensures that the students have a great experience. He's accessible to the community more broadly. And he's highly regarded for his ability not only to win, but to do so with his own particular style."
Let's hope he can continue to put Bucky Badger on the top of the heap. GO BUCKY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!