09/05/2010 05:12 am ET Updated May 25, 2011

Damon Evans RESIGNS: Receives Three Months' Salary, $100,000 Longevity Bonus In Deal

The UGA Athletic Association board of directors' executive committee this morning approved a settlement that will pay departing athletics director Damon Evans three months salary as severance, plus a $100,000 longevity bonus earned under his previous contract.

UGA President Michael Adams told the board that Evans submitted his resignation, "which I have accepted," on Sunday.

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