USOC CEO Scott Blackmun Inks Contract Extension Through '16 Rio Games
The USOC BOD "finalized a four-year contract extension" with CEO Scott Blackmun that will "see him continue to lead the organization" through the '16 Rio Games, according to Tripp Mickle of SPORTSBUSINESS JOURNAL. The deal "raises his base salary 10 percent to $550,000." USOC Chair Larry Probst in an e-mail wrote, "This extension is an indication of the excellent job Scott has done the last four years." Mickle notes the contract is Blackmun's second with the USOC, and the deal "offers an increase in base compensation but a decrease in performance compensation." USOC tax filings show that bonuses in his previous deal "brought his total compensation to $765,369 last year." But the new deal "doesn't include a long-term incentive bonus of $425,000 that rewarded him for staying in the job the last four years." USA Gymnastics President & CEO Steve Penny said, "Scott rebuilt the trust and confidence of everyone within the Olympic family that the USOC is a stable partner for all of us, whether you’re an NGB or a corporate partner." Mickle notes Blackmun and Probst also "worked to repair the organization's standing internationally." Perhaps Blackmun's "biggest international achievement came last spring when the USOC reached a new revenue-sharing agreement with the IOC" (SPORTSBUSINESS JOURNAL, 11/11 issue).