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USOC Tax Filing: CEO's Compensation North Of $700,000 In '11

USOC CEO Scott Blackmun's compensation jumped to $742,367 in '11, his first full year on the job, according to the organization's tax filings released Friday. The increase, which was $103,960, reflects Blackmun's first his first bonus and full year of pay. Blackmun also earned the organization's largest total compensation in '10, bringing in $638,407.

During a non-Olympic year, the USOC's total revenue dipped to $140.7M, down 44% from the $250M it generated in revenue in '10 and down 4% from the $146.7M in revenue it generated in '07, the comparable year during the prior quad. The USOC's total revenue decreases in non-Olympic years because it only receives broadcast rights revenue in years when a Summer or Winter Games is held. The USOC spent a total of $185M on expenses in '11, down 3.5% from the $191.5M it spent in '10, but up 54% from the $119.8M it spent in '05. THE DAILY will have more coverage of the filing on Monday.

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