Barry Alvarez was due for payouts through the start of 2022 as part of an agreement tied to his job as University of Wisconsin athletic director.
He's still going to cash in despite his retirement from the position at the end of June.
Most of a lump-sum payment to Alvarez totaling more than $1.18 million is from his additional compensation agreement with the UW Foundation and Alumni Association, according to an accounting by a school spokesperson.
But Alvarez banked the maximum amount of vacation time allowed over his 31 years at UW as football coach and athletic director, leaving him with 1,272 hours — more than 31 weeks — of unused leave. He elected for a one-time payout of $301,133, minus withholdings, to cash out that balance.
Alvarez's deal with the UW Foundation and Alumni Association to supplement his $500,000 annual salary from UW called for a $375,000 lump-sum payment if he was still in the job Jan. 1, 2022. That was in addition to quarterly payments of $168,750 he was to receive July 1, Oct. 1 and Jan. 1, 2022.
All of those scheduled deposits via the additional compensation agreement — minus withholdings — were pooled together for a one-time payment as if Alvarez was still the athletic director into next year. University spokesperson John Lucas said that was because Alvarez had enough banked vacation hours to continue on the payroll through early 2022 if he chose that route.
The $881,250 from the UW Foundation and Alumni Association is private gift funds designated for use by the athletic department, Lucas said. The rest is in line with UW System policies for employees who retire with unused vacation and personal time.
Alvarez had 1,000 hours of banked leave from 2000, when he became eligible to tuck away unused hours, to 2020. He didn't use any of his allotted 176 hours of vacation or 40 hours of personal time in the 2020-21 fiscal year that ended June 30. He also had 56 hours of leave carried over from 2019-20.
Alvarez's total annual salary when he finished a 17-year stint as athletic director June 30 was $1.55 million. He was followed by former deputy Chris McIntosh, who's making $940,000 in his first year on a contract that climbs $30,000 each year.
'There's one Barry Alvarez': Here's how former players, colleagues will remember Wisconsin's AD as he heads into retirement
Barry Alvarez’s tenure at the University of Wisconsin spanned more than three decades and intersected with the lives of countless people.
Some became star NFL players. Others coached for him. A few were peers with him as an athletic director. They all have stories, and we collected some of the best in the lead-up to Alvarez’s retirement.
In their own words, Ron Dayne tells the story of his first interaction with Alvarez being a big hug in his home in New Jersey, Gene Smith shares memories of Alvarez's presence in Big Ten Conference boardrooms, while Paul Chryst expresses his appreciation for the opportunities Alvarez brought to his life.
Their shared football backgrounds made for a natural relationship. Now, with Barry Alvarez retiring as Wisconsin's AD, Ohio State's Gene Smith reflects on their years together leading the Big Ten.
Barry Alvarez called his former QB Darrell Bevell fast. He wasn't, but the UW's all-time leading passer was a hard worker, which Alvarez valued above all. Bevell reflects on his time with Alvarez.
Barry Alvarez has called lineman Joe Thomas the best player he ever coached at Wisconsin. After a Hall of Fame pro career, Thomas is still humbled by that and reflects on Alvarez's impact.
Paul Chryst has been front and center for much of Barry Alvarez's career at Wisconsin, in multiple roles. Here's how the UW coach reflected on Alvarez and their time together.
Mel Tucker was part of Barry Alvarez’s first Wisconsin recruiting class. Now a coach at Michigan State, Tucker reflects on the Barry Alvarez Experience in those first years.
Troy Vincent was there before the beginning. A holdover from the previous regime, the Wisconsin and NFL star safety reflects on Barry Alvarez's impact early on in his career and in the years since.
Barry Alvarez unleashed one of the all-time great college running backs on the country in 1996. Twenty-five years later, as Alvarez is set to retire, the Heisman Trophy winner reflects on his coach's impact.
The first African-American sheriff of Dane County, Kalvin Barrett says Barry Alvarez taught him traits he'd later apply in his career in law enforcement. This is the last of our eight-part series.