New Rutgers-Newark leader to be among highest-paid at university

By Kelly Heyboer/ The Star-Ledger

Syracuse University Chancellor Nancy Cantor will take a major pay cut when she becomes head of Rutgers-Newark next year, but will still be among the highest-paid officials at the state university, according to details in her hiring letter.

Rutgers officials released Cantor’s two-page hiring agreement today after she was officially named to the post during the Rutgers Board of Governors meeting in New Brunswick. Rutgers President Robert Barchi said Cantor was the front-runner, by far, among the nearly 100 candidates screened during the multi-month search for a new chancellor for Rutgers-Newark.

“I don’t know how we did it, but we convinced Dr. Nancy Cantor to join us,” Barchi said.

Cantor said last year she would step down as Syracuse chancellor at the end of her contract after nearly a decade in the job. At Rutgers, she will report to Barchi and earn far less than the more than $615,000 a year she is earning at Syracuse.

According to her hiring letter, Cantor will earn a base salary of $385,000 a year for the five-year appointment. She will be eligible for up to $38,500 in annual bonuses if she meets goals set each year in consultation with the president.

Cantor will also get an additional $150,000 in deferred compensation if she stays in the job five years, the letter said.

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