New AD Overton starts in August, contract worth $185,000 annually

TALLAHASSEE, Florida -- New Florida A&M Athletic Director Milton Overton Jr. signed an employment offer sheet from university President Elmira Mangum in June, agreeing to a base annual salary of $185,000 with incentives.

The offer sheet mentions a one-time lump sum payment of $25,000, to be paid within 30 days of Overton's start date. Overton will receive a courtesy car and salary incentive bonuses for reaching milestones in "team, academic and departmental revenue performance."

Overton officially starts at FAMU on Aug. 3, two days before the university's next Board of Trustees meeting. FAMU CFO Dale Cassidy said during a committee meeting he and Overton were working on revising Florida A&M's athletic budget to increase potential revenue this year.

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