SUNY Chancellor Malatras could receive $450,000 one-time severance, $245,000 annual salary after resignation

SUNY Chancellor Jim Malatras stands to make a lot of money in the coming months, according to his contract, which is ‘under review’.

The Albany Times-Union reported this week that Malatras is eligible for a $450,000 one-year paid leave and lifetime employment.

The former top-aide to Governor Andrew Cuomo will receive a tenured faculty position at SUNY Empire or similar institution with a starting salary of $245,000 and state benefits.

The SUNY Board of Trustees will have final say on whether he gets that one-time $450,000 payment or not. SUNY spokesman Leo Rosales told the Times-Union that the Board of Trustees hopes to have all matters related to Malatras sorted out in the coming days.

Malatras resigned after weeks of public scrutiny following allegations of a toxic work environment while he was working in the Cuomo Administration.

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