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SEATTLE (AP) -- University of Washington regents approved a contract Monday for incoming president Michael K. Young worth $802,000 a year.
KSL Editorial:
The university says his annual salary will be $550,000. Compensation includes $46,500 in retirement benefits and a $12,000 automobile allowance. Each year of the five-year contract, $193,500 will be deposited into a deferred compensation account. He'll collect the deferred sum if he remains at the UW for the full length of the contract.
The outgoing University of Utah president will live in a university home in Seattle and have a tenured appointment in the UW School of Law.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
