Outgoing Gov. Mitch Daniels would be paid $420,000 a year in his new job as president of Purdue University under an incentive-based contract approved by the school's board of trustees' compensation committee.
The Journal & Courier reports the contract given initial approval Friday also calls for Daniels to be eligible for 30 percent more in pay with performance incentives. His pay could reach $546,000 a year. The full board will vote on Daniels' contract on Saturday.
According to the state auditor's office, Daniels' annual salary is $95,000. With other compensation, he was paid nearly $108,000 last year. Outgoing Purdue President France Cordova earns $465,000.
Daniels' last day as governor is Jan. 14.