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VOL. 42 | NO. 22 | Friday, June 01, 2018
Tennessee to buy out ousted chancellor for $1.33 million
KNOXVILLE (AP) — The University of Tennessee has reached a deal that would buy out ousted chancellor Beverly Davenport for $1.33 million.
The university announced Friday that the audit and compliance committee will meet Tuesday with a settlement deal on the agenda.
If approved, Davenport's final day will be Tuesday. Davenport would have been paid about $2 million over the next four years if she had stayed at the university.
President Joe DiPietro announced May 2 that Davenport's term as chancellor would end July 1 with her taking a faculty position in the College of Communications despite DiPietro citing her communication skills among the reasons for his decision.
Under the agreement, Davenport also will not look for a new job with the university or the state of Tennessee.