Golden Gopher Director of Athletics, Joe Maturi will be stepping down at the end of his contract in June with a hefty retirement package.

Details have emerged that part of Maturi’s retirement will come from the University’s $650,000 annual discretionary fund that is used for president’s pet projects, according to the Star Tribune.

Maturi will serve a one-year appointment as a special assistant to Kaler, and will earn the same salary as he does now: $351,900. Also included are benefits and a retirement package that will bring his total compensation to $468,000.

Such discretionary funds are common among large universities and are composed of University of Minnesota Foundation money to avoid controversy from spending tuition funds and taxpayer dollars.

The Star Tribune reports that former President Robert Bruininks spent almost $2 million in the last three years in office. Such projects he funded include a mentoring program, patronage of Gophers athletic boosters and a therapeutic horseback riding program for disabled children.

The president spends the money in the best interest of the University and must report back to the foundation.