Those reports are inaccurate.
MacIntyre's contract does include deadlines related to facilities upgrades, but those clauses do not include any mention of funding, let alone specific amounts or deadlines for raising them.
There are two clauses that require the school to meet deadlines. The first calls for a program plan for a Football/Athletics Operations Center to be submitted to the Board of Regents by Dec. 1 of this year. It simply needs to be submitted by that date and not approved.
The second clause requires of the school: "If the award of the design contract has not been made or the design bid build contract has not been executed, depending on he method of project delivery, for the Football/Athletics Operation Center on or before Dec. 1, 2014 no liquidated damages shall be due for termination of the contract from that date forward."
The clauses were put in place when MacIntyre was hired in December to serve as motivation for the school to begin planning for facilities upgrades in and around Folsom Field. If the school does not meet the deadlines, MacIntyre would not have to pay a buyout if he chose to take another job at any point during the life of his contract.