Two donors have pledged $24 million in salary for Mel Tucker of Michigan

EDITOR’S NOTE: Matt Echpia, CEO of Pontiac-based United Wholesale Mortgage Holding, and Shift Digital CEO Stephen St. Andre will donate $24 million to Michigan State athletics, each noting their preference, the money goes To football program and finance. of the salary of MSU football coach Mel Tucker, in an agreement announced Thursday, December 22, 2022. The description of the amount was incorrect in a story published November 25, 2021.

Donors pay a portion of Michigan State football coach Mel Tucker’s salary, but it’s not as much as some might assume.

According to records released by the university Thursday, Matt Echpia and Steve St. Andre will donate $24 million to Michigan State athletics, with each indicating their preference for the money to go to the football program and fund Tucker’s salary, meaning Michigan State would be responsible. for the remaining $71 million of Tucker’s $95 million, 10-year deal.

While donors cannot specify that their gift goes towards a specific coach’s salary, they can indicate their preference for how the money will be used.

Eshpea’s donation — $14 million paid in 10 installments — indicates his “affinity” to using the donation to benefit the soccer team, the men’s basketball team, or the Spartan Fund for Life.

Andre’s donation — $10 million paid in six installments — says it “may include, but is not limited to, the recruitment and retention of MSU’s men’s soccer team.”

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