Everything is Broken

[TheRealUW]

Right, his comment that his W2 says $500k can be true for 2025, but why would the budget list his compensation as $800k+ if it wasn't going to be. If that's wrong in the budget, then they have bigger issues of not being able to prep a budget properly.

Most likely scenario is that it is deferred compensation. This was addressed directly in his contract extension that he signed back in 2020. It had to do with him hitting certain performance metrics (women's soccer championship, men's basketball NCAA Tournament appearance).

It is probably money put into a 457(b) or a NQDC account that Burman won't actually receive until he retires. These funds are often reported on the accounting end because they are financial obligations that are due to the employee even though the employee hasn't actually received them yet. The employer doesn't want to lose track of those expenses and have a surprise financial responsibility when the employee retires.

So Burman might actually only be paid $531k this year, but he will eventually be paid the additional funds at retirement.

 

[doreno5]

Most likely scenario is that it is deferred compensation. This was addressed directly in his contract extension that he signed back in 2020. It had to do with him hitting certain performance metrics (women's soccer championship, men's basketball NCAA Tournament appearance).

It is probably money put into a 457(b) or a NQDC account that Burman won't actually receive until he retires. These funds are often reported on the accounting end because they are financial obligations that are due to the employee even though the employee hasn't actually received them yet. The employer doesn't want to lose track of those expenses and have a surprise financial responsibility when the employee retires.

So Burman might actually only be paid $531k this year, but he will eventually be paid the additional funds at retirement.

Makes sense

 

[Wyolie Coyote]

Most likely scenario is that it is deferred compensation. This was addressed directly in his contract extension that he signed back in 2020. It had to do with him hitting certain performance metrics (women's soccer championship, men's basketball NCAA Tournament appearance).

It is probably money put into a 457(b) or a NQDC account that Burman won't actually receive until he retires. These funds are often reported on the accounting end because they are financial obligations that are due to the employee even though the employee hasn't actually received them yet. The employer doesn't want to lose track of those expenses and have a surprise financial responsibility when the employee retires.

So Burman might actually only be paid $531k this year, but he will eventually be paid the additional funds at retirement.

Which means his gross is still the $855k. Maybe he thinks that he is so smart in can deny the deferred comp is part of his salary package. I got news for him, he aint that smart and it shows.

 

[The Juice]

Right, his comment that his W2 says $500k can be true for 2025, but why would the budget list his compensation as $800k+ if it wasn't going to be. If that's wrong in the budget, then they have bigger issues of not being able to prep a budget properly.

Salary is what his W2 will say. Total compensation also includes benefits (health insurance, etc) and I have no idea what university employee benefits entail but they won't show up on his W2.