Friday morning it was revealed in a report by NM Fishbowl that UNM apparently overpaid former men’s basketball head coach Craig Neal by over $150,000.
From the website NM Fish Bowl:
While Neal was supposed to have been hired for $750,000 a year, pay stubs obtained by NMFishbowl.com show that he actually accrued $900,647.91 in non-incentive compensation over the first 12 months on the job.
That means UNM gave Neal $150,000 more than he was entitled to earn, per the terms of his contract. According to five sources who worked in the Lobos’ Athletic Department, the overpayment was the product of gross human resource error. And it apparently took the school more than a year before anyone noticed.
The report also revealed UNM spokesman claims the overpayment had been “repaid in full,” as was “a similar unintentional overpayment” to the university’s head baseball coach, Ray Birmingham.
UNM recently fired Neal, and according to the Albuquerque Journal report, Neal received $950,000 in annual salary. His replacement, former NMSU men’s basketball coach Paul Weir, will earn just $625,000 this year.
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