Kansas University men's basketball coach Bill Self today inked a new five-year contract which will kick in retroactively on April 1, 2006, and will expire in March 2011. Self's previous deal had two years remaining, set to expire on April 20, 2008.
"We are thrilled that Bill Self will be our coach for years to come," KU Athletics Director Lew Perkins said in a prepared statement. "There's no one I'd rather have at the helm of the Kansas men's basketball program."
Self will receive an annual salary of $220,000 per year from Kansas Athletics, and addition payments will bring his total compensation to right over $1.375 million per year. Those payments include professional services, such as public relations or educational duties.
The contract also has a retention agreement that would pay Self an annual salary of $225,000 if he serves as KU's coach through March 31, 2011. That would bump his annual compensation to a shade over $1.6 million.
Provisions and incentives in the deal could raise his salary to as high as $350,000 in any one year.
Self's prior contract earned him $129,380 annually. He was also guaranteed $350,000 from apparel and footwear agreements, $400,000 for professional servieces and an additional $250,000 in summer basketball camp revenue.
Self, now in his fourth season at KU since coming from Illinois, is 78-25 overall, and has won a share of the last two Big 12 Conference regular season titles. His team also claimed the 2006 Big 12 Tournament crown. He was voted as the Big 12 Coach of the Year last season, and has led three different teams (Tulsa, Illinois and Kansas) to the regional finals.