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    You are at:Home»Local News»K-State Activity»Report: Schulz to be paid $625,000 per year at Washington State

    Report: Schulz to be paid $625,000 per year at Washington State

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    By KMAN Staff on April 8, 2016 K-State Activity, Local News, Top Story
    Wright State University president David R. Hopkins, right, listens as Kansas State University president Kirk Schulz, left, discusses changes to the NCAA structure after a board of directors vote at NCAA headquarters in Indianapolis, Thursday, Aug. 7, 2014. The NCAA Board of Directors overwhelmingly approved a package of historic reforms Thursday that will give the nation's five biggest conferences the ability to unilaterally change some of the basic rules governing college sports. (AP Photo/Michael Conroy)
    Kansas State president Kirk Schulz laughs after speaking to reporters after the Biq 12 conference in Irving, Texas in February. The Board of Regents of Washington State University chose Schulz of Kansas State University as the 11th president of the Pullman-based school. (AP Photo/LM Otero, File)
    KSU president Kirk Schulz laughs after speaking to reporters after the Biq 12 conference in Irving, Texas in February. The Board of Regents of Washington State University chose Schulz as the 11th president of the Pullman-based school. (AP Photo/LM Otero)

    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, according a report from the Associated Press released Friday afternoon.

    The WSU Board of Regents made those decisions at a meeting on Friday.

    Schulz’s salary for the 2015-16 school year at Kansas State University was $476,000. The previous Washington State University president, Elson Floyd, made $725,000.

    The regents also decided that Schulz will receive an additional retention incentive of $25,000 per year.

    As KMAN first reported, Schulz was chosen last month to replace 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.

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