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Gee’s new job to save OSU millions

Associated Press • Apr 20, 2014 at 10:30 AM

Gee stepped down at Ohio State last year and agreed to a deal worth $5.8 million over five years, including an annual salary of $410,000 and a $300,000 annual grant for research and other expenses.

A spokesman said Friday that Ohio State anticipates saving about $4 million because its obligation to meet some of those terms ends when Gee becomes WVU’s president this summer. Gee has been interim president there for months.

The move doesn’t change Ohio State’s $800,000 payment to a retirement plan for Gee’s benefit. His deal also provides lifetime health insurance benefits when he’s not employed elsewhere.

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