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Board approves 10-year scoreboard sponsorship agreement; trustee recuses over employer tie
Summary
The board approved a 10-year scoreboard advertising agreement with two partners (Citibank and a new sponsor) at $50,000 per participant; one trustee recused from the vote because the agreement concerned their employer, Citibank.
Farley Reeves presented a proposed scoreboard sponsorship and advertising agreement for the Tiger Pit, saying the plan pairs static banners on the east and west scoreboards with sponsorship rights that would commence Oct. 1 and run through Sept. 30, 2035. "The advertisement agreement totals $50,000 for each of the 2 participants," Reeves said.
A trustee announced a recusal prior to the vote, stating, "Mister Miller, I will recuse myself from this vote, as it concerns my employer, Citibank." The board then moved to adopt the recommendation (motion by Tammy Phillips; second by Kyle Rogers), called the vote and the president announced the motion carried. The record shows the board treated the scoreboard agreement as a multi-year commercial license; the motion and roll call were recorded in the meeting minutes.
