YOUNGSTOWN, Ohio (WKBN) — There was a loud round of applause Monday evening after Jim Tressel signed a contract that officially made him the ninth president of Youngstown State University.
Tressel and his wife, Ellen, attended a meeting of the YSU Board of Trustees, which was followed by a 30-minute executive session. After trustees emerged, they unanimously voted on the contract, which Tressel signed. It was then signed by board chairman Dr. Sudershan Garg.
The three-year contract takes effect July 1. Tressel will receive a base salary of $300,000 for the first two years and the third year will be based on a performance evaluation. He also will be provided housing in the Pollock House and will have his relocation expenses paid by the university. He also will receive an American-made vehicle for his personal use.
If Tressel terminates the contract in the first year, he must pay $200,000 to YSU. If he terminates the contract in the second year, he must pay $175,000. If he terminates after the second year but before the third year is over, he must pay $150,000.
That clause likely was added to avoid a repeat of Dr. Randy Dunn, who resigned after just seven months on the job to take the president’s post at Southern Illiniois University.
Following the signing ceremony, Tressel made some brief remarks during which he thanked Ellen and her family for their support, as well as the community for its “outpouring of affection.”
During the press conference, Tressel talked about the hiring of a new provost, who will be his second-in-command. Tressel said the hiring will be a collaborative effort between faculty, deans and the administration.
The Youngstown State University Board of Trustees announced Friday that they unanimously chose Tressel as the school’s ninth president and that Tressel verbally agreed to take the job.