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Salary for UK's New President

By: UK Public Relations
By: UK Public Relations

The University of Kentucky and Dr. Eli Capilouto have an agreement in principle on terms of compensation. A final contract is being developed, according to a news release.

Terms of compensation include:

Five-year contract
Base salary: $500,000

Maximum bonus: $50,000 (eligible to receive up to this amount for achievement of target goals)

Retirement Contributions and/or Deferred Compensation:
$75,000 (contribution to retirement plan calculated at 15 percent of annual base salary)

$50,000 (university's contribution to deferred compensation plans)
Total compensation: $675,000

Other terms: Dr. Capilouto and his wife are required to live in a university-owned home, Maxwell Place; UK also will provide Dr. Capilouto with an automobile and membership dues

President Todd's current compensation is $657,000.

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