Update 2:24 pm: Ammons will recieve more than $98,000 in bonuses per a revised statement from FAMU spokeswoman Pam Tolson:
"The Board agreed to pay the 2010-2011 bonus at the minimum contractual level of 25 percent ($81,250) of his base salary of $325,000. The 5 percent bonus for 2011-2012 is $17,062 based on his base salary of $341,250."
Update: 12:10 pm: Ammons will receive more than $100,000 in bonuses in exchange for resigning immediately. From FAMU spokeswoman Pam Tolson: