Former USF athletic director Doug Woolard received more than $1 million from the school, including $400,000 in deferred compensation, upon his early departure in July, according to documents obtained Monday by the Tampa Bay Times.
In response to a public-records request, USF provided a copy of the six-paragraph agreement accelerating Woolard's retirement from the school, effective July 2, 2014. In addition to deferred compensation, Woolard was paid $610,927.38, the remaining value of the three-year extension he signed in June 2012.
That amount was paid from USF Athletics revenue sources, the document indicates. It was signed by Woolard and USF chief operating officer John Long and dated May 15, 2014.
Upon his retirement announcement last January, USF officials indicated Woolard, 64, would remain on board in behind-the-scenes capacities until his contract expired in June 2015. His replacement, Mark Harlan, was formally introduced on March 11.
"The transition has gone smoothly and more rapidly than anticipated so in compliance with your request we have agreed that it is in our mutual best interests to accelerate your retirement from USF after 10 years of service and significant growth and standing in USF Athletics," the letter states.
Under the terms of the agreement, Woolard was placed on "a 100-percent off campus professional development leave" but continued to make himself available in a consultant role.
The Times reported in early December that Woolard has since landed an advisory role at SIU Carbondale, his alma mater. Details of that deal weren't immediately available Monday.