Dean Jones says:

"Glad you see things my way...It looks like we have an agreement!   

Here is the new contract package:

**TWO graduate assistants for THREE YEARS; in return, you agree to supervise two undergraduate research projects each year over the next three years

**FOUR guaranteed trips to conferences each year for two years

**$1,000 for software to analyze data

**$10,000 for hardware (i.e., special computer processor and other equipment)

**A nine-month salary at the 55th percentile

**Required to teach TWO summer sessions, neither of which will count toward your teaching load

**Three-day a week teaching schedule."

Critique:

This was a pretty good deal for You.  You met his concerns about offering classes at a variety of times in the summer and incorporating undergraduate students into research; in return, you got TWO graduate students for three years, four trips to conferences, an above-average salary and a reduced number of summer sessions.  Feel free to try again to see if you can get an even better agreement.