Report: Tommy Lloyd’s contract details on language of reporting to university president emerge
New details emerged on Wednesday regarding Arizona men’s basketball Tommy Lloyd’s new contract and how Lloyd will report to university president Suresh Garimella.
According to the Arizona Daily Star’s Bruce Pascoe, Garimella will have “exclusive authority” over performance and financial matters regarding Lloyd. This includes Lloyd’s job performance, compensation, operating and NIL roster budget.
As part of the contract, Arizona cannot require Lloyd to report to anyone other than athletic director Desiree Reed-Francois or her successor during the term.
“Coach Lloyd continues to report to the director of athletics, Arizona spokesperson Mitch Zak said in a statement Thursday. “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’s financial framework.”
Pascoe added that the language in the contract indicates that Garimella will oversee the “university-paid revenue-sharing money” it will give to the players, as well as the NIL funds the university can raise, which represents a roster budget.
The Arizona Board of Regents unanimously approved the amended contract extension of Lloyd on April 16. The extension will be a five-year deal and will end on March 31, 2031.
