Purdue to pay Daniels $420,000 under proposal

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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.

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