Baker, who still had a year remaining on his five-year contract, left the meeting on June 15 with a total package including a one-time payment of $450,000, equal to a year of his salary; a lump-sum payment of $137,500, which is in exchange for resigning his tenured position in the College of Business; and up to $30,000 for his "reasonable, unpaid expenses for legal counsel" relating to his time at the university.