Joel Maturi's compensation package after retiring as University of Minnesota athletic director could hurt the university's future state funding, two legislators who serve on higher education committees said Friday.
On July 1, a day after he retires as AD, Maturi will begin a one-year appointment as a special assistant to university President Eric Kaler. Maturi will receive the same base salary he earns as athletic director -- $351,900 -- plus a standard university benefits package (health insurance and retirement totaling slightly more than 33 percent of his salary) that will push his compensation to more than $468,000.
Rep. Mindy Greiling, DFL-Roseville, the lead DFLer on the House Education Finance Committee, described the package as "a golden parachute" that "will hurt the U when President Kaler comes crying poor to the Legislature for money for our students."
Sen. David Brown, R-Becker, a member of the Senate Higher Education Committee, said he did not want to micro-manage every decision made by Kaler and the university's regents, saying legislators would ultimately have a say in the makeup of the regents if they disagreed with policy. But he also predicted that legislators would not forget Maturi's deal at budget time.
"It will influence us when they come to the Legislature and we've read these kinds of stories, yes," Brown said. "How badly do they need money if that's how they're handling it? I don't think the Higher Ed Committee is going to jump in [at this point], but again, it is going to influence what we think is necessary for budgeting."
Kaler said on Thursday, the day Maturi announced his retirement, that Maturi's compensation will come from the University of Minnesota Foundation -- essentially donor-raised money -- rather than from funding the school receives from the Legislature. On Friday, Kaler's office said that Maturi's salary will not come directly from donors, but rather from interest on investments earned from endowments in the foundation that are placed annually in a presidential discretionary fund.
"The university takes very seriously the feedback we've received from legislators, positive and negative, and President Kaler and his team consider this feedback very carefully," university spokesman Chuck Tombarge said after a meeting with Kaler's staff. "To be clear, no state or donor funds will be used to pay for Mr. Maturi's salary, but certainly if legislators have concerns, the administration stands ready to meet with them and discuss those concerns."
Kaler declined a request for an interview.