The Washington State University Board of Regents has approved a 5-year contract extension for WSU President Kirk Schulz.
The extension includes a self-imposed 10% salary reduction and Schulz will forego a $50,000 retention bonus called for in his original WSU contract in response to the financial hardship brought on by the COVID-19 pandemic. The pay reduction is through June 30, 2021.
Schulz also is giving up access to a university-owned condominium in Seattle as well as university-provided vehicles, all of which were allotted to him under his original contract. The condominium was purchased prior to Schulz’s tenure at WSU for use during overnight trips to Puget Sound but now will be sold, with the proceeds to benefit the university’s operations going forward.
Schulz was named Wazzu’s 11th President in 2016. (Washington State University)