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SLOC BOARD RECOMMENDS $2M PACKAGE FOR TOM WELCH

          The SLOC's Board of Trustees' Executive Committee
     recommended Wednesday that the full board approve a $2M
     compensation package for former SLOC President Tom Welch,
     according to Mike Gorrell of the SALT LAKE TRIBUNE.  The
     full board will take action at a special meeting "likely" to
     be held in the first half of August.  At that time, the
     board will also consider the committee's suggestion that
     board Chair Frank Joklik serve as interim CEO until a
     replacement is found for Welch.  Welch resigned on Tuesday
     after being charged with domestic abuse.  Gorrell: "Welch's
     decision to move aside quickly and quietly was tied, in
     part, to the compensation package."  The SLOC's legal
     counsel Jim Jardine said that the package "represents the
     board leadership's position Welch should be recompensed for
     working without pay and retirement benefits."  Welch will be
     paid a consulting fee of $10,000 a month for the 55 months
     through February, 2002.  The SLOC can "require" 35% of his
     time and the board must approve any other work Welch does
     related to sports or the Olympics.  The SLOC will also pay
     Welch $1M "in recognition of, but not to fully compensate
     him for, six years of unpaid work" on behalf of the SLOC's
     bid.  Welch will also receive retirement benefits "not to
     exceed" $500,000 (SALT LAKE TRIBUNE, 7/31).
          CHECK-ETT IN? MSG President Dave Checketts "has been
     contacted" by reps of UT Gov. Mike Leavitt to "determine if
     he is interested in running the 2002 Winter Games," a USOC
     source told Ian O'Connor of the N.Y. DAILY NEWS.  Checketts
     "refused to confirm" whether he had talked to officials
     regarding the position.  But the source said that Leavitt
     "has made it clear to Checketts ... that he is the
     governor's personal choice for the job."  Checketts: "Much
     to the dismay of Ranger fans, I'm very happy at the Garden. 
     I have no intention of leaving" (N.Y. DAILY NEWS, 7/31).
          OTHERS: USA TODAY's Mike Dodd lists First Security Bank
     CEO Spencer Eccles; Sinclair Oil Corp. Chair Earl Holding
     and former UT State Speaker Nolan Karras as other "prominent
     possibilities" to replace Welch (USA TODAY, 7/31).

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