FSU Decides On Salary For John Thrasher

Senator John Thrasher
Posted at 5:04 PM, Oct 14, 2014
and last updated 2014-10-14 13:36:43-04

TALLAHASSEE, FL (WTXL) - Florida State University and Senator John Thrasher have agreed on a salary that will start when Thrasher begins work as president on November 10th, pending the official approval by the Board of Governors.

Thrasher, who was approved to be FSU's 15th President in late September, has agreed to a five year contract with the university, with a base salary of $430,000.

His contract also includes a 15 percent annual contribution to his retirement plan as well as a $100,000 bonus if he fulfills the school objectives and goals as planned by the Board of Trustees.

The university also says that he will be provided with a vehicle or a monthly car allowance of $900 if he decides to use his own car.

Like Eric Barron, as part of the contract, Thrasher will be required to live in the president's house located on West Tennessee Street in order "to properly perform his duties and responsibilities as the University’s Chief Executive Officer."

If Thrasher decides to step down after five years, he will have a full-time faculty position with the FSU College of Law, according to the contract.

You can view the full contact here.