Incoming Southern University Chancellor James Llorens will receive a $270,000 annual pay package if it is approved Friday.

The total deal is $25,000 less than the pay package received by outgoing Chancellor Kofi Lomotey, who is expected to go on sabbatical after retaining his tenured professor status at Southern.

The Southern Board of Supervisors is scheduled to vote Friday on the proposed agreement. Llorens is slated to take over July 1.

“We’ve agreed to the terms, and both parties are satisfied, and we’re looking forward to Dr. Llorens starting a new era at Southern University,” said Chip Forstall, Southern Board member from of New Orleans.

Forstall is chairman of the personnel committee.

As for why Llorens’ deal is less than what Lomotey made, “We don’t have as much money,” Forstall said.

Llorens will have a $250,000 base salary, which is more than the $245,000 base Lomotey had.

Llorens will get a $20,000 housing allowance and no vehicle allowance. Lomotey got $50,000 in combined annual housing and vehicle payments.

Southern University System President Ronald Mason Jr. has a $426,000 pay package.

Llorens, 64, was Southern’s graduate studies dean when he lost out on the chancellor job in 2008 to Lomotey.

Llorens then retired from Southern and became assistant chief administrative officer for Mayor-President Kip Holden.

Lomotey later resigned under pressure after clashing with the faculty and the Southern Board, and Llorens again sought to lead Southern’s main campus.

The Southern Board approved hiring Llorens in April, even though Mason sought to temporarily delay the search process. Mason had favored hiring a younger, rising star in the historically black college community.

Under Holden, Llorens had a $116,000 pay package.

Because Llorens had retired from Southern, he also was receiving $79,248 in annual retirement payments through the Teachers Retirement System of Louisiana.

But, because of state law as of 2010, Llorens will have to suspend his retirement payments when he returns to Southern as chancellor, TRSL spokeswoman Lisa Honoré said.

Llorens’ new deal at Southern also includes specific “performance goals.”

The deal requires Llorens to increase Southern’s enrollment and research grants, while also meeting certain goals in graduation and retention rates.

Southern enrolls more than 7,300 students, a decrease of more than 2,000 students in six years.

“There are benchmarks and that’s something I insisted on,” said Forstall, who was disappointed last year when Mason’s contract did not have performance goals.

As for Lomotey, Forstall said the Southern Board will consider him dropping down to a $120,000 salary as a tenured professor.

Southern University System spokeswoman Katara Williams said Lomotey will be paid during a 26-week sabbatical, during which he is expected to work on an academic book and prepare to teach.