New details emerged on Wednesday regarding Arizona men\u2019s basketball Tommy Lloyd\u2019s new contract and how Lloyd will report to university president Suresh Garimella.<\/p>\n
According to the Arizona Daily Star\u2019s Bruce Pascoe,<\/a> Garimella will have \u201cexclusive authority\u201d over performance and financial matters regarding Lloyd. This includes Lloyd\u2019s job performance, compensation, operating and NIL roster budget.<\/p>\n As part of the contract, Arizona cannot require Lloyd to report to anyone other than athletic director Desiree Reed-Francois<\/span>\u00a0<\/span>or her successor during the term.<\/p>\n \u201cCoach Lloyd continues to report to the director of athletics, Arizona spokesperson Mitch Zak said in a statement Thursday. \u201c<\/span>The president has authority over evaluation, compensation and budget, working in close collaboration with the director of athletics and chief financial officer, consistent with the university\u2019s financial framework.\u201d<\/p>\n Pascoe added that the language in the contract indicates that Garimella will oversee the \u201cuniversity-paid revenue-sharing money\u201d it will give to the players, as well as the NIL funds the university can raise, which represents a roster budget.<\/p>\n The\u00a0Arizona Board of Regents unanimously approved the amended contract extension<\/a> of Lloyd on April 16.\u00a0The extension will be a five-year deal and will end on March 31, 2031.<\/p>\n
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