Share “Sutton agreement with OSU worth $2.7M”

Sutton agreement with OSU worth $2.7M

Oklahoma State University officials released details Monday of their settlement agreement with former OSU basketball coach Sean Sutton, who resigned under pressure last week.
downloads.newsok.com Modified: April 7, 2008 at 5:06 pm •  Published: April 7, 2008
Sean Sutton will receive a one-time payment of $300,000 and then $2.4 million over 10 years as part of a final compensation agreement between the former Oklahoma State men's basketball coach and the university.

Details of the agreement were obtained by The Oklahoman through an open-records request.

The $2.7 million will be paid from OSU athletic department funds and does not involve any state-appropriated money. The agreement is contingent upon approval from the OSU Board of Regents.

The agreement was different than what was originally outlined in Sutton's employment contract. OSU and Suttton mutually agreed to delete a clause in that contract that would have caused him to forfeit any compensation owed him by OSU should he land another position.

"We wanted to recognize the 17 years of service Sean Sutton rendered to the OSU program as a player, assistant coach and head coach," OSU Director of Communications Gary Shutt said in a statement.

"We thought Sean's contract negotiated when OSU named him head coach designate was too constraining on him and his family. We wanted to be as fair as possible.

"While this situation has been very difficult, we appreciate the constructive way in which Sean Sutton and Mike Holder developed and structured this agreement in the best interest of everyone."

Read the agreement between Sean Sutton and OSU

Sutton to seek removal of name from court?

Former Oklahoma State University men's basketball coach Eddie Sutton, who was in San Antonio Monday for the NCAA Championship game, today told the Austin American-Statesman he is disappointed his son, Sean, was forced to step down as the Cowboys' head coach and will consider whether he wants his name removed from the basketball court at Gallagher-Iba Arena.

"That's something I'm going to think about," Eddie Sutton told the newspaper.

By The Associated Press

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