GAINESVILLE, Fla. (CBSMiami/AP) —Outgoing University of Florida president Bernie Machen will stay on as a senior adviser to aid incoming president Kent Fuchs and help raise funds.READ MORE: Teen Seriously Hurt in Major Car Crash in Lauderhill
Machen’s new 5-year contract will earn him $3.9 million, all of it paid by private funds.
The Gainesville Sun reports that the new contract will save taxpayers $2.63 million that was owed to Machen in his existing contract.READ MORE: Stimulus Check Latest: Is A Fourth Relief Payment Coming?
Board of Trustees Chairman Steve Scott says the new contract keeps Machen’s expertise and fundraising abilities at the school, while saving public money.
Machen will also be given the title of president emeritus, which only one past UF president has received.
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)MORE NEWS: COVID In Florida: 3,231 New Cases, 33 Additional Deaths Reported Sunday
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