The University of Oregon Board of Trustees approved a new five-year contract for President Michael Schill that includes a retroactive raise to 2022. The UO will now pay a base salary of $780K for the year of 2022, a 5.7% bump from the last year of the previous contract. In 2023, his base pay increases 2.3%, then increases of 3% for each of the remaining three years. The contract was unanimously approved by the Board of Trustees on Friday, May 20.
In addition to the base pay, the UO has boosted his retirement contribution to $200K/yr for the first four years and $300K for the last year. The UO set its contribution to Schill’s retirement plan at $50K/yr in his last contract that they approved for him in 2018.
On top of all of that the university will give Schill a $250K bonus if he sticks around until the end of 2023 and another quarter million if he sticks around until the end of 2025.
If Schill’s contract is terminated, except for with cause, he can choose to stay on at the UO as a faculty member with a $450K/yr contract
As of beginning of this year, Schill has accrued a full year of sabbatical. The UO has decided with this new contract that he will no longer gain sabbatical time and instead if he stays president for the rest of the contract that he will receive $1M for research.
Additional benefits that the university carried over from the old contract is a $1,200/month vehicle stipend (funded by the University Foundation) and stay at UO’s McMorran House, located at 2315 McMorran St. in Eugene. The contract stipulates that he is required to live at that residence while he is president. The university will pay for utilities, telephone service, cable, and internet access at that residence.
Below is the full contract.PresSchillContract2022