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NEW VIDEO: FAMU approves interim president; see how much he'll get paid

Dr. Timothy Beard will begin his term on August 5.
NEW VIDEO: FAMU approves interim president; see how much he'll get paid
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TALLAHASSEE, Fla. (WTXL) — Tracking two high-profile positions on the highest of seven hills.

I'm Alberto Camargo at Florida A&M University.

FAMU's interim president is set to take over while the terms for FAMU's men's basketball coach have changed.

Dr. Timothy Beard will take over as interim president Monday, subject to approval by the Florida Board of Governors.

"I'm excited as you probably can tell to get back to the highest of seven hills to make a difference, to change the lives of our students."

His base salary will be four hundred thousand dollars.

30% of that will be paid by FAMU and 60% by the FAMU foundation.

The remaining 10% will be paid in public funds, according to Florida Statutes.

Beard's term will last either 12 months or until FAMU finds its next permanent president.

Beard will not be considered for the permanent job.

Even though his term is short, Ja'Rya Scott wants to see Beard prioritize the needs of students first.

"As the new president comes in I would hope that he looks into making sure that students aren't being left alone and overlooked and that they're not getting the proper help they need."

I also checked on the latest with the contract for men's basketball coach Patrick Crarey II.

Athletic Director Tiffani Dawn-Sykes says Crarey has been on a regular employment contract since July 8 after working under a volunteer agreement since April.

The three-year contract she presented Tuesday was shortened to one-year by the Direct Support Organizations and Athletics Committee.

The Board of Trustees will meet at their annual retreat next week in Orlando.

A final decision on Crarey's contract is expected to be made there.

At FAMU, Alberto Camargo, ABC27.

WATCH OUR REPORT ON DR. LARRY ROBINSON'S RESIGNATION:

DEVELOPING: FAMU President Larry Robinson announces plans to step down

Beard will be eligible for a performance bonus of fifteen percent. That's $60,000 based on performance goals that will be laid out in August.

Beard's term will last either 12 months or until FAMU finds its next permanent president. Beard will not be considered for the permanent job.

Dr. Larry Robinson will remain president through this week's graduation ceremonies. Dr. Beard will begin his term on August 5.