Bike tour of KTSC president's compensation package set for Feb. 11

The City of Knoxville announced Friday that it will hold its first annual bike tour of Knoxville Tourism and Sports Corp. president Gloria Ray's compensation package this Saturday. The family-friendly ride travels through several pecuniary neighborhoods in this year's inaugural journey. The ride leaves at 10:30 a.m. on Feb. 11 from Ray's $220,000 base salary. This year's route is a 10-mile ride that visits a $50,000 signing bonus, passes by a $75,000 performance bonus and loops around 10 weeks of paid vacation. The ride will end at approximately noon near the additional $166,000 Ray would receive for completing her contact, which expires in 2013. Bike helmets are required on the ride. All ages and skill levels are welcome. Riders who complete the race will be invited to cool off in a giant swimming pool of money collected from taxpayers.