Derick E. Hingle-US PRESSWIRE - Presswire
The Kansas Jayhawk basketball team has locked up it's coach for the foreseeable future with the extension of Bill Self through the 2021-2022 season. After winning the National Title in 2008 Bill Self secured his future at Kansas as the head coach of the Jayhawk basketball team. Since then his continued success has only generated more equity among the Kansas fanbase but there has always been a little concern regarding Self's potential flirtations with an NBA level job. Obviously this agreement doesn't definitively put that possibility to bed, but the extension, contract stipulations and Bill Self's own response would certainly seem to indicate that he values the Kansas tremendously.
That in itself is good news, the extension provides a little added security for both sides and now Kansas can get back to the business of winning Big 12 titles and hopefully national titles. The extension adds four years to the current deal which was set to expire in 2018 and in order for Self to earn the maximum amount of the contract, including retention bonuses, he must remain as head coach at KU through the 2021-22 season.
The new contract pays Self $3.856 million annually, an increase of some $480,000 per year. In addition, Self will earn a second retention bonus of $876,000 per year, payable in 2015 and 2018. That second retention bonus is replaced in 2019 by an agreement to pay Self a one-time sum of $6 million if he remains KU's coach through March 2022.