The WSU Board of Governors, citing President Reid's outstanding performance, approved a 5-year deal that will boost his pay to $516,760. Reid now makes $219,251 annually with an additional $115,956 in deferred compensation, which he would be able to tap into as early as 2007 under his current contract. With salary and deferred compensation alone, Reid is the third-highest earning public university president in the state behind University of Michigan \'s Mary Sue Coleman, $576,458, and Michigan State University \'s Lou Anna Simon, $425,000, who gave her recent $85,000 pay increase back to MSU.