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Jax Daily Record Monday, Oct. 31, 201612:00 PM EST

John Thrasher's compensation as Florida State University president increases nearly 18 percent


The Florida State University Board of Trustees on Friday unanimously increased President John Thrasher’s compensation by 17.8 percent, after giving him a positive job review for his efforts leading the university.

Thrasher’s base pay will increase 10 percent from $473,827 to $521,210.

He additionally will receive $130,302 in deferred compensation and a $100,000 performance bonus, which was the maximum allowable under his contract.

With a $10,800 vehicle allowance, Thrasher’s total compensation for the 2016-17 academic year will be $762,312, up from $647,304 last year.

The trustees also voted to remove the bonus cap from Thrasher’s contract, meaning he could earn more or less than $100,000 in bonus payments in future years.

The increase would make him the sixth-highest paid president among Florida’s 12 university leaders based on the 2015-16 salaries, with many presidents, like Thrasher, now undergoing job reviews and pay adjustments.

University of Florida President Kent Fuchs was the top earner last year, with a compensation package of about $1.2 million.

A former state House speaker who took over the presidency of his alma mater in November 2014, Thrasher helped FSU increase its “pre-eminence” funding from $25 million to $35 million in the new state budget.

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