Well, it took effect on April 1, 2015 (and wish it was an April Fool's Joke - but it's not) and runs until July 1, 2019. Under this new contract (you can see it in the 1/5/15 post), his current salary of $222,854 drops down to $209,000 on April 1st. But don't be feeling bad for him - he's eligible for a max bonus of 8% this school year and the Board made him eligible for a 7% max bonus.
So, 7% of $209,000 is $14,630 - and added to the $209,000, you get $223,630. Our only hope is that he and the Board do as well achieving their goals as they've done in the past - dismally.
Here's the rough numbers over the life of this contract - read them and weep:
Anyhoo, don't you just like how disloyalty is rewarded with your tax dollars by the Board of Mythomania?!?