University, Broadus reach settlement
October 28, 2010Tweet
The SUNY system, Binghamton University and former head men’s basketball coach Kevin Broadus have reached a tentative agreement to resolve all pending issues related to Broadus’ employment with the University.
The mutually satisfactory resolution will allow all parties to move forward, Interim President C. Peter Magrath said.
“When I took the job of being University president again, one of the things I was determined to do was to have this excellent University focus on its future and build on its strengths,” Magrath said at a news conference with Interim Athletic Director James Norris on Oct. 28. “I wanted to have the matter involving Mr. Broadus settled and behind us so we can concentrate on the fundamental work of this University.
“I think everyone concluded that it was in the best interest of Mr. Broadus – and we wish him well – and in the best interests of Binghamton University to put this behind us so he can get on with his professional life and we can continue to do the educating that we are about.”
In exchange for his resignation and withdrawal of all claims and potential future lawsuits, Broadus will be paid a gross sum of $1.2 million: $819,115.89 by Binghamton University as part of his employment contract agreement and $380,884.11 by SUNY as relinquishment of Broadus’ claims.
Broadus, who was hired in 2007 after serving as an assistant coach at Georgetown University, is now free to pursue other professional options, Magrath and Norris said.
Mark Macon, who has led the men’s team since October 2009, will remain in an interim position until the University names a permanent president, said Magrath, who added that the University also has an interim provost and interim vice president for research.
“Mark Macon is doing a damn good job,” Magrath said. “He is the interim coach and will be for the foreseeable future. … In my view, slots should not be made permanent – whether it’s the provost, athletic director or basketball coach – until there is a permanent president in place.”
Magrath praised the community as the University focuses on “today, tomorrow and the years ahead.”
“This University is blessed with a lot of support from the community,” he said. “The community has stayed with the University through adversities and challenges from time to time. I truly value what the community has done and how it continues to support Binghamton University.”
The men’s basketball team opens its season Nov. 10 at the Events Center with an exhibition game against East Stroudsburg.
“I hope the community is there,” Magrath said. “We are looking forward to the basketball season.”