Posted: Apr 30, 2011 4:45 PM
Source: Associated Press
BATON ROUGE- Southern University will pay former basketball coach Ron Spivery an undisclosed amount of money for the last year on his contract after firing him last month.
Southern University System president Ronald Mason Jr. said that the figure will be more than $50,000, but less than Spivery's $125,000 annual salary. Mason would not give more details because much of the money may come from the private Southern University System Foundation.
Mason said details of state money used will be released. The
Southern Board of Supervisors approved the deal Friday - along with a $115,000 salary for the new basketball coach Roman Banks.
Banks came from Southeastern Louisiana University.