New UConn president Radenka Maric will be paid a base salary of $631,350 annually, about 20 percent more than her predecessor, but will not benefit from the controversial provision that has left the school paying large salaries to multiple former presidents, according to a contract shared with CT Insider.

On top of her base salary, Maric will earn a $90,000 annual bonus if she meets certain goals, bringing her potential compensation above $700,000. Additionally, she will be paid another $250,000 if she remains president through June 2027.

Though Maric was first named president in late September, her contract was not officially signed until Jan. 17, the contract shows. Stephanie Reitz, a UConn spokesperson, said the delay was necessary to "to finalize a variety of details throughout."

"President Maric was selected as an internal candidate and was already a longtime employee with a number of existing earned benefits," Reitz said in an email. "Finalizing elements of the new contract that took those into account took time to work through."

Dan Toscano, chairman of UConn's Board of Trustees, said the basics of the contract have been in place since September but that her status as an active faculty member "created a bunch of wrinkles."

"There were many little quirks because she's a tenured faculty member already," Toscano said.

One major difference between Maric's contract and that of her predecessor, Thomas Katsouleas, are the "return-to-faculty" provisions. When Katsouleas stepped down as UConn's president in 2021, his contract allowed him to remain at the university at a salary equal to that of its highest paid faculty member.

Both Katsouleas and another former president, Susan Herbst, are projected to earn $365,480 in 2023, according to a registry of public employee salaries, and would be entitled to raises if UConn hired another faculty member with a higher salary.

If Maric steps down as president, by contrast, she would be paid the amount she earned before becoming president ($347,585) plus any collectively bargained raises.

In other ways, though, Maric's contract is more favorable than Katsouleas's. She will receive a higher base salary (Katsouleas made $525,000), a higher annual bonus (Katsouleas received $50,000) and a higher retention bonus (Katsouleas would have gotten $125,000 had he lasted five years).

Maric will also receive a state vehicle and a driver to be used for university business, as well as a $1,250 monthly car allowance. She receives six tickets to all athletic events — home and away — as well as up to six tickets for all university "artistic and cultural" event, too.

According to a database maintained by the Chronicle of Higher Education, about 50 public universities nationally pay their presidents at least $700,000 — including base salary, bonuses and benefits — while 16 pay their presidents at least $1 million.