New WSU president Schulz will be paid $625,000 a year - Spokane, North Idaho News & Weather KHQ.com

New WSU president Schulz will be paid $625,000 a year

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Kirk Schulz. Photo: Twitter Kirk Schulz. Photo: Twitter
SPOKANE, Wash. -

Kirk Schulz has been confirmed as the 11th president of Washington State University and will receive a five-year contract with a base salary of $625,000 per year.
    
The WSU Board of Regents made those decisions at a meeting on Friday.

How much will WSU President Kirk Schulz make per year?
    
The regents also decided that Schulz will receive an additional retention incentive of $25,000 per year.
    
Schulz is currently president of Kansas State University. He was chosen last month to replace Elson Floyd, who died of complications from cancer last year.
    
Schulz will take over as president on June 13.
    
The contract also stipulates that Schulz and his family will be provided the use of a house in Pullman and a condominium in the Seattle area.
    
Schulz's contract also includes an appointment to the WSU faculty as an engineering professor.

Elson Floyd's salary was $725,000, but in 2008 he started giving back $100,000 each year to help with budgeting, making his take home salary $625,000/year. But for total compensation, including benefits, Dr. Floyd made more than $850,000/year, making him the 4th highest paid university president in the country. 

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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