Updated at 5:05 p.m., Tuesday, January 8, 2008
Frazier bought out for $312,510
Frazier, whose contract would have expired July 31, 2010, will be paid a buyout of $312,510 in accordance with his Appointment Agreement.
The amount is equal to a year's salary ($250,000) and the 90 days notice UH would have needed to serve him with notice of termination without cause.
Frazier was hired in 2002.
UH-Manoa Chancellor Virginia Hinshaw intends to recommend to the Board of Regents the appointment of Associate Athletics Director Carl Clapp as Acting Athletic Director.
Until the Board acts, Clapp will be handling day-to-day operations, including working with the administration to secure a new head football coach.
An advertisement for the football coach position was posted today on the UH employment Web site.
The embattled Frazier has been under heavy criticism, with the latest blow being the mishandling of football coach June Jones' contract, which resulted in Jones leaving.
Jones, who had more wins than any other football coach at UH, signed a five-year deal with Southern Methodist University yesterday.