Rhoades, who earlier this week accepted the athletics director job at Baylor, must pay MU $800,000 for leaving before the end of his five-year contract. Rhoades contract calls for a $1 million buyout if he leaves before the final six months of the deal, though that amount is reduced by $200,000 on each of the first four anniversary dates of his first day in office, which was April 27, 2015.
MU paid Rhoades $600,000 in base salary from his first day on the job through June 30, 2016. After June 30, any salary increase was subject for review by chancellor Hank Foley and interim system president Mike Middleton.
Baylor plans to formally introduce Rhoades as AD at a news conference Monday in Waco, Texas. As a private university, Baylor is not obligated to disclose Rhoades salary, but sources have indicated the Big 12 school will pay him a guaranteed $1 million salary with long-term security.
He moved to Columbia last year from Houston where he had been AD at the University of Houston since 2009.