A draft version of the contract between state Sen. John Thrasher and Florida State University shows that they have negotiated a five-year term starting Nov. 10.
The FSU Board of Trustees plans to meet via conference call Monday to discuss and likely approve the proposed contract. Thrasher, who expects to be re-elected to the Senate on Nov. 4, said he would step down from his Senate seat as soon as the Board of Governors confirms him. That formality should occur when the group meets Nov. 5 and 6.
Thrasher will have a $430,000 base salary with an opportunity to earn more through bonuses and deferred compensation. State law limits the use of public dollars for university presidents’ salaries to $225,000, so the rest will come from the FSU Foundation and Seminole Boosters.