New University of Missouri president to earn $530K a year

2 years 1 month 1 week ago Thursday, November 03 2016 Nov 3, 2016 Thursday, November 03, 2016 11:51:06 AM CDT November 03, 2016 in News
By: The Associated Press

COLUMBIA, Mo. (AP) — The contract of the University of Missouri system's new president shows he will earn $530,000 a year in base salary, along with nearly $80,000 annually in deferred compensation and housing allowances.

University of Connecticut Provost Mun Choi was introduced Wednesday as the four-campus Missouri system's next overseer, starting in March.

Choi's Missouri contract shows his yearly base salary is $52,000 than that of the current interim president, Mike Middleton, and his predecessor Tim Wolfe, who resigned a year ago.

But a spokesman for the Missouri system notes that the difference in base pay between Choi and his predecessors is roughly equivalent to the amount of performance payouts included in Middleton's and Wolfe's contracts. That performance pay isn't in Choi's deal.

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