K-State’s Snyder rakes in at least $1.58 million

Topeka ? Coach Bill Snyder receives half the money Kansas State University collects because its football team uses shoes or clothing from Nike, boosting his annual compensation to at least $1.58 million, records show.

Snyder’s salary, for the 12 months beginning this June, is $211,055. However, his employment contract not only guarantees him revenues from the university’s contract with Nike, but also compensation for appearances on radio and television and at university fund-raisers — an additional $1.34 million, according to Kansas State.

Also, during the next three years, the university plans to pay Snyder a total of $100,000 for an annuity of his choosing. He also is eligible for bonuses based on how well his team performs, including $100,000 for winning a national championship.

Documents show that men’s basketball coach Jim Wooldridge is guaranteed annual compensation of $655,000, the bulk of it for media and fund-raising appearances, and that athletic director Tim Weiser is eligible for a $93,000 bonus in addition to his $257,500 salary.

The university released its employment contracts and related documents at the request of the Associated Press, which sought the records last week after a Douglas County judge ordered Kansas University to release similar records for its athletic director, Lew Perkins.

Robert Krause, vice president of institutional advancement, said Kansas State’s goal was to keep the pay of its athletic director and coaches in the top quarter nationally. All the compensation for Snyder, Wooldridge and Weiser came from athletic department funds, he said.

Details of Bill Snyder’s income at Kansas State:¢ Salary: $211,055 for the 12 months beginning June 6.¢ Annuity: $100,000, paid out during the next three years, for an annuity of Snyder’s choosing.¢ Other: For radio and television shows, for appearances at fund-raising and other university events; 50 percent of the payments made to the university from Nike for outfitting the football team with the company’s products.

“There’s a market out there,” Krause said Tuesday. “If you aspire to do good things and set your burner high, you have to pay for it.”

Snyder wasn’t available to discuss his compensation, but Krause said it reflected Snyder’s 16 seasons and his team’s record, with 11 consecutive postseason bowl appearances and 10 regular-season victories for six of the past 10 years.

“That is what he’s worth,” Krause said.

Details from the employment contracts and other documents for Kansas State University football coach Bill Snyder, athletic director Tim Weiser and men’s basketball coach Jim Wooldridge:Bill SnyderHis current contract, dated June 18, 2001, is for six years.Compensation¢ Salary: $211,055 for the 12 months beginning June 6.¢ Annuity: A total of $100,000, paid out over the next three years, for an annuity of Snyder’s choosing.¢ Other: For radio and television shows, for appearances at fund-raising and other university events; 50 percent of the payments made to the university from Nike for outfitting the football team with the company’s products. Total: $1,335,620.Potential Bonuses¢ $25,000 for winning the Big 12’s North Division title or $50,000 for winning the Big 12 championship.¢ $25,000 for a postseason bowl appearance.¢ $100,000 for winning a national championship.¢ $10,000 for finishing in the Top 20 of the final CNN-USA Today poll or $20,000 for a Top 10 finish.Other Perks¢ Family membership to the Manhattan Country Club, plus the use of a golf cart there.¢ Two vehicles.¢ Use of a suite at the stadium.¢ Six tickets to men’s and women’s home basketball games and the men’s and women’s Big 12 basketball championship.¢ Four tickets to the Big 12 football conference championship.¢ Air transportation for visits to the Mayo Clinic in Rochester, Minn., or the Scripps Clinic in La Jolla, Calif., for annual physicals.¢ Tuition, room, board and books for children attending Kansas State.Other¢ If Snyder unilaterally terminates the contract early, he must pay Kansas State $100,000.¢ If Kansas State cuts the football program’s budget 10 percent, leaves the Big 12 for a less prestigious conference or drops below Division I-A, Snyder may terminate the contract without paying the penalty.¢ Snyder must take at least one week’s vacation every year, with the athletic department paying $5,000 for expenses.Tim WeiserHis contract, dated July 2, 2001, originally was to run through June 2006, but later was extended through June 2009.¢ Salary: $257,500 for the 12 months beginning June 6.¢ Potential Bonus: Up to $93,000 annually, as a longevity bonus.¢ Other Perks: Two cars; golf membership at the Manhattan Country Club; founder’s privileges at the Colbert Hills golf course.Jim WooldridgeHis current contract, dated March 12, 2000, originally was through June 30, 2005, but was extended one year.Annual Compensation¢ Salary: $180,000 for the 12 months beginning June 6.¢ For Appearances: $275,000 for radio and television; $150,000 for fund-raising and other university events.¢ Shoe Contract: $50,000 from the university’s contract with Nike. If the basketball program generates more than $50,000 under that contract, Wooldridge receives 50 percent of the additional money generated.Potential Bonuses¢ $25,000 for finishing among the top four Big 12 teams.¢ $100,000 for winning the Big 12 regular-season championship.¢ $100,000 for winning the Big 12 postseason tournament.¢ $25,000 for making the NCAA Tournament, or $50,000 for an appearance in the Sweet 16, or $150,000 for making the Final Four, or $200,000 for winning the championship.¢ $10,000 for appearing in the NIT, or $20,000 for making the second round, or $40,000 for the third round, or $50,000 for its final four.Other Perks¢ A vehicle.¢ Family membership at the Manhattan Country Club, with golf privileges.¢ The “best effort” by athletic department to provide its facilities free for a summer camp.¢ Four tickets to each home football game.¢ University covers tuition, other fees, room, board and books for children attending Kansas State.Penalty ClauseIf Wooldridge resigns before his contract expires to take another head coaching job, the university is entitled to $327,500.