Share “USOC chief salary bumped by deferred bonus...”

USOC chief salary bumped by deferred bonus payout

Published on NewsOK Modified: May 21, 2014 at 12:13 pm •  Published: May 21, 2014

DENVER (AP) — U.S. Olympic Committee CEO Scott Blackmun received a payoff on deferred bonuses that inflated his 2013 salary to $1.275 million — a number expected to decrease in future years because of a new contract structure.

In tax forms filed by the USOC, nearly $750,000 of Blackmun's 2013 salary was listed as bonus and incentive compensation; $425,000 of that was deferred from the time he joined the USOC in 2010 through 2012.

Last year, he signed a new contract that raised his annual base salary 10 percent, to $550,000, and eliminated long-term incentive bonuses.

Among the federations receiving the largest USOC grants were U.S. Ski and Snowboard Association, which got $4.73 million and produced 17 medal winners in Sochi, and U.S. Speedskating, which received $2.65 million and won only one silver medal, in short track.