By Todd Hatton
Lexington, KY – The University of Kentucky board of trustees has approved a five-year contract for incoming president Eli Capilouto with a base annual salary of half a million dollars. Capilouto indicated he would not accept a performance bonus for his first year, but he will be eligible for a bonus of at least 10 percent of his salary beginning in his second. Board Chairman Britt Brockman says Capilouto's salary and benefits package is "roughly analogous" to that of outgoing president Lee Todd. Capilouto will also receive $125,000 in retirement contributions.