The WSU Board of Regents approved a five-year employment contract with Kirk Schulz on Friday.

Share story

Kirk Schulz, the incoming president of Washington State University (WSU), will make $625,000 a year and could earn an additional retention incentive of $25,000 a year.

The WSU Board of Regents approved the five-year contract Friday.

Schulz, 52, currently president of Kansas State University, will also be provided with housing, both at the president’s residence on campus and in a condominium in the Seattle area.

The contract also includes an appointment to the WSU faculty. Schulz will become a full professor with WSU’s Voiland College of Engineering and Architecture after completing the WSU tenure process. He’ll begin his new job as president June 13.

Schulz was chosen to head the university March 25 by a unanimous vote of the regents. At the time, WSU Regent Mike Worthy said Schulz’s pay wouldn’t be as high as former President Elson Floyd, who made $725,000. Floyd died of complications from colon cancer in June.

According to The Chronicle of Higher Education, Schulz made $460,000 at Kansas State in 2014.

Schulz’s salary makes him the second-highest-paid university president in the state, after University of Washington President Ana Mari Cauce, who makes $910,000 a year, including deferred compensation and other perks. (Cauce donates $100,000 of her salary annually to the university for student programs and scholarships.)

However, both presidents make less than the football coaches at their schools: WSU’s Mike Leach makes about $2.75 million, and the UW’s Chris Petersen makes $2.68 million.

A base salary of $625,000 a year would have made Schulz the 11th-highest-paid public university president in 2014, according to The Chronicle’s compilation, which is the latest year for which figures are available. However, many presidents have likely seen a salary increase since then.