Scott Blackmun Gets Three-Year Extension as USOC CEO

The United States Olympic Committee (USOC) have given a new three-year contract to chief executive officer Scott Blackmun. 

It includes a 9 percent base salary raise to $550,000 but eliminates the long-term incentive bonuses in his previous contract according to reports.

According to USOC spokesman Patrick Sandusky, the low-profile Blackmun did not think it was necessary to send out an official release of the deal, approved at an Oct. 10 USOC board meeting and referenced in one sentence in the minutes of that meeting.

It will take Blackmun, 56, through the 2016 Summer Olympics.

Blackmun’s total compensation for 2012 was $965,359, according to the USOC’s most recent tax filing  That included a base salary of $461,913; bonus / incentive compensation of $231,750; and retirement / deferred compensation of $218,750.

During Blackmun’s tenure, he and unpaid board chairman Larry Probst – recently elected an International Olympic Committee member – have resolved the longstanding revenue-sharing dispute with the IOC as part of an effort to improve the USOC’s international standing.

“Scott came to the USOC at a time of turmoil and he, along with the senior team he has built around him, have provided not only much needed stability to the USOC but have helped further enhance the Olympic Movement in the U.S.,” Probst said in a statement.

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