ASU to pay outgoing president Joe Lee nearly $289,000

MONTGOMERY, AL — Alabama State University will pay President Joe Lee nearly $289,000 when he resigns May 31 under a severance agreement reported Friday. Lee announced unexpectedly at a Feb. 8 board of trustees meeting that he planned to resign, ending a seven-year administration that saw a $125 million building campaign and record enrollment.

But he also upset some alumni by firing the football coach and over accounting problems revealed by an audit. Most of the payout — $215,875 — is the balance remaining on Lee's contract that's set to expire Aug. 31, 2009; $47,446 is in retirement and other fringe benefits; and $25,666 is in accrued paid leave.

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A well deserved payout for a president that accomplished many great things for the Hornets.