MEMPHIS, Tenn (localmemphis.com) - A Tennessee state audit found the University of Memphis Athletic Director Tom Bowen had a conflict of interest when renegotiating then basketball coach Josh Pastner's contract back in 2013
The conflict of interest, the Tennessee Board of Regents, found was that Athletic Director Tom Bowen and former basketball coach Josh Pastner shared the same sports agent at the time of contract negotiations, and that piece of information wasn't reported.
The contract Bowen negotiated would have paid Pastner his 2-point-65 million dollars annual salary in monthly installments through April of 2020 if he was fired.
But as we know, Pastner left for a position at Georgia Tech taking with him a settlement of a little more than 1 million dollars, saving the university 9-million dollars.
As for this audit, Local 24 Dave Delting asked U of M what impact this would have on the athletic director moving forward.
A spokesperson would not comment, only releasing this statement:
Statement from University of Memphis:
"Consistent with university and state policies, the University of Memphis immediately forwarded the complaint for review and investigation to TBR, has been transparent and cooperated in full with the investigation, and had already taken appropriate steps to ensure all state and university policies are followed."
What exactly those necessary steps are, we're not sure, but we have reached to the University's Board of Trustees for input.
The University statement also blames the previous administration, under President Shirley Raines, for not reporting the conflict.
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