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Michigan State Athletic Director Mark Hollis Gets Pay Raise

Michigan State athletic director Mark Hollis has received a new contract from the school.

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Less than a month after being named the Sports Business Journal's 2012 Athletic Director of the Year, Michigan State athletic director Mark Hollis has received another honor in the form of a pay raise. On Monday afternoon, the school announced that they have awarded Hollis with a new contract through 2016 that increased his base salary from $395,000 to $600,000 annually, which will go into effect on Oct. 1, 2012.

The contract will be a five-year rolling contract, which will renew every July 1. An annual longevity payment of $100,000 will be paid every July for the previous 12 months as long as Hollis is still acting as the athletic director. He will also receive an annual $50,000 bonus for performance objectives, which is a decrease from his previous annual bonus of $62,000 for the same performance objectives.

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