FSU approves hefty contract for new president

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Powerful politician John Thrasher is going to get paid $430,000 a year as the new president of Florida State University.

FSU’s board of trustees on Monday voted to approve the proposed contract. Thrasher is expected to take the job after the state board that oversees the university system confirms his selection. The Board of Governors has never rejected a president selected by a local board.

Former FSU President Eric Barron had a base salary of nearly $407,000, but over a three year period he earned bonuses worth another $556,000.

Thrasher will be eligible for a bonus worth $100,000 a year if he meets certain performance goals.

Thrasher, a St. Augustine Republican and state senator, will also be given a car and a house to live in.

Republished with permission of the Associated Press.