LINCOLN- Former president of the University of Nebraska system Hank Bounds, quit his job last year and is now a professor in Alabama. But he is still earning $250,000 a year from Nebraska. On contract, he is working as a fundraising consultant for UNL's $155 million football complex.

The university already has a huge foundation to handle donations including the athletic department's own fundraising effort. Bounds, however, was hired by the Nebraska University Board of Regents on a three-year contract in which he will be paid through private funds. A source close to Bounds says the NU leadership believed Bounds would be more reliable in pulling off a fundraising project of this size over Bill Moos, the Athletic Director.

The goal of this project is to bring Nebraska to a competitive advantage over other Big Ten schools that will result in national prominence for the entire school.

Regents say Bounds made many relationships with people during his time at UNL and those relationships will benefit the project greatly. Ted Carter, former superintendent of the U.S. Naval Academy has taken over for Bounds.

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