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*A $250,000 "retention bonus" at the end of the five-year contract.
He also receives other benefits, including cost-free residence at the [[Clara Barkley Dorr House]] and an annual $14,000 car allowance. Because the Florida legislature caps salaries of state university presidents at $225,000, the additions will be paid by the [[UWF Foundation]]. The contract was announced as the University is enacting an enrollment freeze and other cost-saving measures following a veto by Governor [[Wikipedia:Charlie Crist|Charlie Crist]] disallowing state universities to raise their tuition rates.
On [[May 12]], [[2008]], the Pennsylvania State System of Higher Education’s board of governors selected Cavanaugh to serve as chancellor for the system's 14 universities.<ref>"Cavanaugh leaving UWF." ''Pensacola News Journal'', May 12, 2008.</ref>
==Community Involvement==