LSU leader takes job with Colorado State

LSU Chancellor Mike Martin is leaving his job at Louisiana's flagship university to lead the Colorado State University System.
Martin announced Friday that he will become the chancellor of the three-campus system.
After four years at LSU, Martin says he'll leave in August, meaning he'll help decide how to cut spending on campus in another round of expected state budget reductions.
Martin will receive a five-year contract with a pay package that includes a $375,000 annual base salary and potential incentive payments of $50,000 a year. Deferred compensation payments could increase his total compensation to $500,000 per year, similar to the pay arrangement he has at LSU, according to Kyle Henley, a CSU spokesman.
Martin is a former president of New Mexico State University.