LINCOLN- University of Nebraska Board of Regents extended President Ted Carter's contract by three years, potentially keeping the university's top leader in Nebraska through 2027.

Carter's new contract, approved unanimously, also raises his base salary by 3% this year and adds a second deferred compensation package to incentivize the president to stay at NU.

In all, Carter's total compensation could top $1.5 million beginning in 2023.

Regents also awarded Carter, a former superintendent of the U.S. Naval Academy, a $105,000 performance bonus for the 2021-22 academic year.

That amount is less than the $140,000 he was eligible to receive; Carter hit 89% of the benchmarks set for him by the board last year after first- to second-year retention numbers fell at several NU campuses.

Omaha Regent Elizabeth O'Connor, who was the lone "no" vote when regents approved Carter's initial contract in 2019, citing concerns about the amount, said she supported the new contract terms.

"Today, we are in a much better financial and operational position, we have more stable funding, we've emerged from a global pandemic stronger," she said.

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