The Kansas Jayhawks and Bill Self reached an agreement on a contract extension Friday. The extensions would keep the head coach with the team for the next ten years.
Self’s original contract was worth $3.376 million per year and was set to expire in June 2018. With the new contract, Self will receive a $3.857 million per year raise and would remain with the Jayhawks until after the 2021-2022 season.
The contract also has bonuses as well. Self will receive $50,000 for conference regular-season titles, $25,000 for conference tournament titles, $100,000 for earning AP coach of the year, $150,000 for reaching the Final Four, and $200,000 for winning the national championship. The contract also has a retention bonus of $876,000 per year, payable in 2015 and 2018.
Since Self began coaching Kansas in 2003, the Jayhawks have always made the NCAA Tournament. Also, Kansas has been to two NCAA National Championship games (2008 and 2012). The team has also finished either #1 or #2 in the Big 12 Standings since the 2003-2004 season.
According to ESPN.com, Bill Self had this to say about his new contract extension with the Jayhawks:
“I felt great about my previous contract that we redid in ’08, and of course, extending it four more years is terrific. I don’t know if it’s anything I’m going to be giddy about or lay awake thinking, `Hey, I have a contract through 2022.’ Hopefully if you’re doing a good job, they’ll want you around, and if you don’t do a good job, they won’t want you around.”
Overall, this is a very good job by the Kansas Jayhawks (obviously). Bill Self has made the Kansas Jayhawks not only a great team in the Big 12, but one of the top teams in the nation as a whole.
Make sure to follow me on Twitter @RickyWidmer.