Incoming University of Kansas Chancellor Douglas Girod will earn a higher salary than outgoing chancellor Bernadette Gray-Little.

59-year-old Girod, who becomes chancellor July 1, will earn $550,000 plus $31,250 in deferred compensation at the end of the year. The Board of Regents signed the contract agreement with Girod on Wednesday.

Gray-Little, Kansas chancellor for eight years, earned $510,041 this year.

Giord, currently executive vice chancellor of the University of Kansas Medical Center and a practicing surgeon, will be paid increasing deferred compensation for each year he remains chancellor, up to a maximum $125,000 annually after four years. He also will be able to continue to practicing medicine.

The state will pay $375,000 of Girod’s salary, with the rest from paid by the KU Endowment.

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Associated Press information from: Lawrence Journal-World