UNIVERSITY OF KANSAS SHEET

 

This term sheet sets forth certain terms and conditions of a proposed employment
agreement between the University of Kansas (the ?University?) and Jeffrey P. Long (the
?Executive?). There will be no legally binding commitments between the parties
regarding the matters outlined in this term sheet until a de?nitive employment
agreement has been executed.

Effective Date: August 1, 2018

Reports to: Chancellor, University of Kansas

Duties: Responsibility for all endeavors and strategic initiatives regarding
the care and well-being of the University?s student athletes, along
with the promotion and success of University of Kansas
intercoilegiate athietics program (or ?Kansas athletics?) including,
but not limited to:



Uniting the athletic department by building a cohesive team that
shares the same vision, goals, values, mission, and work ethic
to enhance and champion the brand of Kansas athletics
nationally.

Providing inspirational leadership to the coaching staff and
fostering a trust that allows them to approach the Athletic
Director in ways that build strong, professional relationships.

Investing the personal commitment, passion, and energy into
Kansas athletics teams, including but not limited to attending
sporting events, developing relationships with the student
athletes on and off the ?eld, and being available to all
constituents for counsel.

Promoting the holistic well-being of the student athlete on and
off the ?eld of play.

Engaging aiumni, friends of Kansas athletics, and all donors
who can have an impact on raising the funds necessary to
improve the University at all levels.

Managing partnerships while also implementing innovative
avenues to grow revenue across alt categories.

Directly affect institutions! excellence by providing leadership in
buiiding a diverse, equitable, and inclusive community.

 

Term:

Base Salary:

Contract
Exetnsion

Term Extension:

. Fostering collaboration and communication with academic and
administrative leaders across the University to develop a
productive partnership between athletics and academics.

- Ensuring the University of Kansas?s position as a leader in the
Big Conference, both in competition and in leadership at the
table.

- Serving as a ieader and key representative in intercollegiate
athletics to safeguard the University of Kansas?s place in a
continually shifting athletic conference landscape.

0 Execute key personnel and budget decisions for Kansas
athletics in consultation with the Chancellor and the Board of
Directors for Kansas Athletics, lnc.

- Provide effective administrative leadership that demonstrates
acute business acumen, and reflects best and current business
and ?nance practices.

0 Provide effective leadership that re?ects the University of
Kansas?s broader ethical values and standards, and enage in no
conduct that constitutes deiiberate and serious violation of
NCAA or Big Conference standards, ruies, and regulations.

a Engage in no conduct that is discreditable, seriousiy prejudicial,
or demeaning or abusive.

5 years guaranteed

1,500,000. The University of Kansas will be responsible for
$200,000 of this obligation; Kansas Athletics, Inc. will be
responsible for the balance.

Review and extension discussions will begin prior to the beginning
of the last contract year.

Should the University be placed under any federal, state, NCAA, or
Conference investigation leading to restrictions or probation for its
football, men?s basketbail, women?s basketball, or women?s
voiieyball athietic programs for matters occurring prior to the
Effective Date of the Executive, the term of the contract shalt be
extended equal to the length of the penalties.

 

 

Bene?ts:

Termination (by
Execu?vek

Termination (by
University):

The Executive will receive the following bene?ts while employed as
Director of Athletics at the University:

- Participation in the University?s group bene?ts and health
insurance plan;

. Reasonable relocation fees and temporary housing for
Executive and his family, pursuant to applicable Kansas Board
of Regents poiicy;

0 Country club membership with golfing privileges, and ?tness
club membership;

. Reasonable travel acommodations for Executive and spouse for
University-sanctioned events;

. One automobile, including insurance and reasonable
maintenance and repair, and a $750 per month allowance for a
second automobile;

The Executive shall be responsible for a buy-out payment
as provided below:

If Executive terminates agreement before start of year 3, he incurs
a buy?out obligation of $3,000,000

lf Executive terminates agreement after the start of year 3, but
before the start of year 4, he incurs a buy?out obligation of
$1,500,000

If Executvie terminates agreement after the start of year 4, but
before the start of year 5, he incurs a buy-out obligation of
$1,000,000-

If no term extension is offered by the University prior to the start of
the ?nal year of an existing agreement, the buy?out payment shall
be reduced to 

lithe Executive?s employment is terminated without Just Cause (as
de?ned by the University, below), he will receive:

a Payment of unpaid salary and vacation pay to the date of
termination; and

 

Mitigation:

Just Cause:

. Release payments, payable on a monthiy basis, equivalent, in
sum total, to the remaining base salary guaranteed on the
contract.

If the Executive?s employment is terminated for any other reason,
including termination for death, disability orjust cause, he wili
receive payment of unpaid salary and vacation pay to the date of
termination and no other compensation or severance other than
minimum payments (if any) required under applicable employment
standards legislation.

The Parties covenant and agree that the release payments to Mr.
Long shall be offset and reduced on a basis by the gross
compensation earned by Mr. Long personally or through business
entities owned or controlled by Mr. Long from engagement as an
employee or consultant either at a college or university, or with

a sports-related organization (collectively referred to hereafter as
?Other Employment?).

For purposes of this provision, ?gross compensation" shall mean,
without limitation, gross income from base salary or wages, talent
fees, or other types of compensation paid to Mr. Long by an
empioyer, including by a business entity owned by or controlled by
Mr. Long, consulting fees, honoraria, fees received by Mr. Long as
an independent contractor, or other income of any kind whatsoever
from Other Employments.

Just Cause will be defined as including:

. gross negiigence or willful misconduct by the Executive in
connection with his duties and responsibilities;

- any material breach or non-observance of any of the material
conditions or material obligations of the Executive?s empioyment
agreement;

. any refusal to carry out any of the Executive?s duties, any
insubordination, unprofessional or insulting behavior of a
material nature towards the University, its employees, officers,
faculty, students, or supporters; or

. the Executive?s commission or perpetration of any fraud upon
the University or any act constituting an indictable offence under
applicable law

 

- the Executive engages in deliberate conduct that constitutes
serious violation of NCAA or Big XII Confes'ence standards. rules,
or regulations.

Executed this 4?tn day of July 2018.

   
   

   

D. . A. ??ira'd Jessy young 
. eilor Exe ti 

u- rsity of Kansas