The University of Florida is proposing a contract to pay Nebraska U.S. Sen. Ben Sasse a base salary of $1 million a year in his role as its next president.
in his selection and national attention to what was often portrayed as a politically motivated choice.
As part of the Board’s agenda on Thursday, the proposed contract for Sasse will be taken up and voted on. It calls for an initial five-year term with a base salary of $1 million per year, and includes annual pay increases of as much as 4% if he meets a set of performance goals. Sasse, who currently is paid $174,000 a year as a U.S. Senator, will also receive a retention bonus of $200,000 per year if he stays at UF through the entire contract. He will also be eligible for annual 15% “performance bonuses,” contingent on him meeting certain performance goals, including adoption of a strategic plan with short-term and long-term goals.
The contract also includes a set of executive benefits, including payment of moving expenses, a 15% retirement benefit paid by the university, tuition remission for any of Sasse’s immediate family members who might enroll at the University of Florida, and health, life and disability insurance paid by UF. In addition, “reasonable business, travel and entertainment expenses incurred in his capacity as President of the University shall be reimbursed.
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