(p. B1) LINCOLN — The University of Nebraska Board of Regents extended President Ted Carter’s contract by three years on Thursday, potentially keeping the university’s top leader in Nebraska through 2027.
Carter’s new contract, approved unanimously, also raises his base salary by 3% this year and adds a second deferred compensation package to incentivize the president to stay at NU.
In all, Carter’s total compensation could top $1.5 million beginning in 2023.
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Regents also awarded Carter, a former superintendent of the U.S. Naval Academy, a $105,000 performance bonus for the (p. B1) 2021-22 academic year.
That amount is less than the $140,000 he was eligible to receive; Carter hit 89% of the benchmarks set for him by the board last year after first- to second-year retention numbers fell at several NU campuses.
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(Note: the online version of the story was updated Sept. 18, 2022, and has the title “Regents approve contract extension, pay raise for NU president.”)