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February 25, 2014 at 3:35 PM

WSU extends President Floyd’s contract through 2021

Washington State University’s Board of Regents voted Monday to extend President Elson Floyd’s contract until 2021.

Floyd’s annual base salary of $725,000 will remain the same, although Floyd plans to return $100,000 of his paycheck back to the university, as he has been doing since the economic downturn resulted in state cutbacks to higher education.

He is also eligible to earn $400,000 in retention incentive payments, providing he remains with the university as president through June 30, 2016.

Floyd’s current contract was to expire in June 2016, but it is re-evaluated, and often extended, every year.

Floyd has been president of the university since May 2007. He is the 34th highest-paid public university president in the nation, according to The Chronicle of Higher Education, which compiles university presidential salaries and ranks them annually.

In a statement, board chair Connie Niva said Floyd’s contract was being extended because of exemplary service to WSU and the state.

0 Comments | More in Education | Topics: Elson Floyd, Washington State University

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