McCray’s contract says he must eliminate the deficit while maintaining the college’s “core athletic programs at a NCAA Division I standing.” The contract did not specify what is considered a “core” program.
This media outlet is asking questions about the school’s athletic programs.
The contract also requires McCray to modify or eliminate “redundant positions or personnel within the university.” Layoffs are expected to be announced next month, officials have said.
McCray is expected to communicate and coordinate with incoming WSU president Cheryl Schrader on the financial steps he takes, according to the contract. Schrader takes office on July 1.
Wright State officials have been looking for solutions as its unrestricted reserve fund has dropped from more than $100 million in 2012 to $12.9 million as of June 30. Overspending, officials said, is the cause of WSU’s financial problems as the university is on track to spend $40 million more than it brought in this year, according to a cash projection.
Along with his salary, McCray will also be reimbursed for any university-related travel and is eligible for vacation and sick leave, according to his contract. McCray will not receive any payout for unused vacation or sick time when he leaves office at the end of June.
McCray can also make use of the university’s health insurance program if he chooses to, according to the contract.
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