WSU President Kirk Schulz introduced Patrick Chun as the new director of athletics in a news conference Tuesday.

Chun signed a five-year contract with WSU that pays $650,000 annually, Schulz said. Chun also has a fundraising goal incentive in his contract, worth $25,000, and a per-year retention bonus of $25,000 if he completes his initial five-year contract.

“The financial part is where we need most of our effort, and that’s what Pat brings to the table,” Schulz said. “That’s what we wanted to incentivize.”

Schulz didn’t specify the fundraising goal, but said he and Chun will work together to determine it.

“He and I will agree on a fundraising target and how that’s going to look,” he said, “and we’ll put it out there, it won’t be a secret.”

Former WSU Athletic Director Bill Moos was under contract with the Cougars until April 15, 2020, and earned $500,000 annually before he left Pullman to become the AD at University of Nebraska in October.

Chun, who has served as the AD at Florida Atlantic University for the past five years, will begin his new job Feb. 5.

“It’s an honor and privilege to be a part of this family,” Chun said.

The search committee to find the new AD interviewed eight semifinalists for the position, seven of which were sitting athletic directors, Schulz said.

Chun was the first person the committee interviewed. Schulz said one member of the committee was so impressed by Chun that once he left the room, the member stood up and said, “I think we’re done right there.”

Schulz said he expects Chun to build internal relationships with the WSU community, faculty, staff and students, and bring the athletic department closer to the university.

“The reputation of this place is incredible,” Chun said. “Schulz’s reputation in college athletics is impeccable, and the reality is that for an athletic director in an athletics program, when you have a transformative leader as president, you can do some extraordinary things.”