Jim Hackett's salary as Michigan AD will be $600,000
Michigan interim athletic director Jim Hackett, who has been on the job for a week and a half, will make $600,000 annually in his role, according to his appointment letter from university president Mark Schlissel.
The letter is dated Oct. 31 and was signed by Hackett on Nov. 3.
Schlissel indicates Hackett's "appointment is indefinite, at the will of the President" and is expected to continue until a permanent athletic director is hired. Hackett will report directly to the U-M president, according to the text of the letter, which is available on the university's Public Affairs website.
The Detroit News filed for Hackett's contract with a request under the Freedom of Information Act.
Hackett, a former Michigan football player and CEO of Steelcase, was introduced as the interim athletic director by Schlissel on Oct. 31, when he announced that Dave Brandon had resigned as athletic director.
Hackett's contract with Michigan will allow him to participate in the university's benefit programs.
Also, the university will assist Hackett in locating a furnished housing rental and will reimburse his moving expenses. Michigan will provide a monthly housing allowance to cover the cost of the rental.
Brandon was the highest-paid employee at UM in 2013 with a salary of $850,000.