[Sean King for Shaw Media]
Included in Frazier’s contract are numerous buyout options, including a cost of $100,000 if he resigns before July 1, 2019. After July 1 of 2021, that buyout would fall to $50,000. The contract also includes retention bonuses that have paid Frazier $20,000 for each fiscal year he has served in his position, but stopped June 18 after his having accumulated $100,000. Frazier will receive the same $20,000 yearly-bonus sum for the next three years if he serves through June 30, 2021.
Frazier, whose name was circulated for athletic director positions such as Syracuse University in 2015, affirmed what he believes the extension says from NIU’s perspective.
“There’s always speculation about offers and there are things out there, and I think that what the president and board of trustees and others are saying is, ‘Hey Sean, we like you and we’d like to keep you here,’ and I’m humbled by the extension,” Frazier said.
The sixth-year athletic director recently released NIU’s 2018 to 2021 strategic plan, his second such plan for the direction Huskies athletics will take.According to an NIU Today’s release, Freeman will be briefing NIU’s board on Thursday morning about the extension.
Huskies student-athletes finished the 2018 spring semester with an all-time best 3.20 cumulative GPA among all 17 programs, with 13 programs finishing 3.0 or higher. Each NIU sport surpassed the Academic Progress Rate for the 11th consecutive season. Huskies athletics’ graduation success rate, which measures the number of incoming students who earn a degree within six years, was 86 percent for spring 2018.