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USOC, CEO Scott Blackmun reach contract extension

Scott Blackmun will be the U.S. Olympic Committee CEO through the Rio Olympics.

Blackmun, appointed to the post on Jan. 6, 2010, finalized a four-year contract extension with the organization’s board of directors, according to the Sports Business Journal.

“This extension is an indication of the excellent job Scott has done the last four years,” USOC chairman Larry Probst told Sports Business Journal in an email. “Scott has worked diligently to build the reputation of the USOC both domestically and abroad, and we are excited that this extension will keep him as our leader for another four years.”

Blackmun, 56, received a 10 percent base salary raise to $550,000, according to the report.

A Colorado Springs, Colo., attorney, Blackmun succeeded interim CEO Stephanie Streeter in 2010 after Jim Scherr was ousted in 2009. He was previously the USOC’s interim CEO from 1998 to 2001, according to The Associated Press.

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