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Stewart getting $1.65 million to resign at WVU

Dana Holgorsen Bill Stewart

Ten days after Bill Stewart‘s forced resignation at West Virginia — a move that promoted offensive coordinator/coach-in-waiting Dana Holgorsen to position he was on track to receive six months later — WVU has released the details of their “settlement agreement” with Stewart.

And the contract shows WVU is paying a pretty penny to cut all ties with Stewart.

According to the agreement, which can be read HERE, “The University agrees to pay Stewart the amount of $1,650,000 as general and liquidated damages. In addition, Stewart will be entitled to all benefits, including, but not limited to accrued vacation time and sick leave.”

Interestingly, the contract also states “The University and Stewart agree that neither will engage in any conduct or communications that disparage the other or any agents, employees, or representatives of the other.”

So… yeah. None of that.

The the dollar amount of the current buyout is roughly the sum of what Stewart “would have been paid had he coached the remainder of the 2011 season (aprox. $500,000), been paid the buyout amount agreed to when he was fired last year ($750,000) and been paid for another 30 months of employment at WVU in a position that had not yet been determined ($350,000).”

(In other words, Stewart is receiving roughly same amount as those three situations combined — an amount similar to what he would have been paid when he and WVU “agreed to part ways” in November, 2010)

However, under the condition of his departure ten days ago, Stewart has “no additional responsibilities with the university”.

(In other words, GTHO)

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6 Responses to “Stewart getting $1.65 million to resign at WVU”
  1. jpiro says: Jun 20, 2011 5:35 PM

    If the stories about him undercutting his HCIW are true, I would have streeted the old man without giving him a dime.

  2. noaxetogrind says: Jun 20, 2011 6:03 PM

    Always interesting in our culture how we sometimes blame the messenger. First of all, Holgorsen was hardly “his HCIW”. Secondly if Stewart is guilty of what he is accussed of, you really have 2 issues don’t you? The first, is the obvious lack of professionalism by Stewart in what was granted a very difficult situation for him. What is curious is that many WVU fans, at least the vocal ones on this board are loud & proud about the Stewart indiscretions. However, the second problem is you can’t expose dirt if there is none to expose. Professional people in high profile, high paying jobs, especially ones where there is at least a facade of trying to be a good example to impressionable youth don’t get escorted out of casino’s at 3am for being drunk and beligerant. If this was Holgorsen’s only known foray you could write it off as a one time lapse in judgment. His record preceeds his arrival in Morgantown. At the end of the day, looks like both made out like bandits. I guess they both know what they are doing.

  3. bradentonbuc says: Jun 20, 2011 8:02 PM

    Holgorsen better stay sober and win.

  4. burntorangehorn says: Jun 20, 2011 8:21 PM

    noaxe, read up on Holgorsen. The alleged casino incident would hardly represent a one-time lapse in judgment.

  5. WingT says: Jun 20, 2011 8:44 PM

    @noaxe,
    How is it that both made out like bandits? Didn’t Stewart loose because he is no longer head coach – the one thing he covets most?

  6. paulbrownsrevenge says: Jun 21, 2011 1:40 PM

    Holgorsen is on his way to looking like Al Davis. loose some weight, get some yellow teeth and boils. Commitment to excellence. im sure Dana will do a good job. Don’t be shocked WVU when he pulls a Richrod.

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