Bill Snyder Signs Five Year Deal With K-State!

Mark J. Rebilas-USA TODAY Sports

A small coaching exodus following the end of the season left speculation that K-State’s head coaching situation was unclear and without direction. As reported by the AP today, Snyder’s position with the institution just got a lot more stable. While the idea of Snyder being fired (the entire State of Kansas would be calling for the heads of the AD, President, and almost any other senior administrator at the University) or leaving for greener pastures (Snyder will never leave Manhattan), concerns with his future ambitions were rampant as he already has one retirement under his belt. However, the Silver Fox indicated intentions to stay through 2017 with a new contract extension.

Snyder’s new contract entitles him to $2.75 million during the 2013 season and an annual increase of $100,000 through 2017. The contract contains several standard incentive bonuses, as follows:

  • $50,000 for a third-place finish in the Big 12
  • $75,000 for a second-place finish
  • $100,000 for winning the conference title
  • $50,000 for each bowl appearance
  • $100,000 for a BCS bowl appearance
  • $175,000 for making the national semifinals when the playoff structure begins in 2014
  • $250,000 for a championship game appearance
  • $350,000 for winning the national title
  • $30,000 for winning one of three potential coach of the year honors/awards
  • $50,000 for a top-20 finish in the AP or BCS standings
  • $100,000 for finishing in the top 10
Additionally, the contract includes a provision allowing Snyder to assume the position of special assistant to the AD upon the conclusion of his coaching career, carrying an annual salary of $250,000. This is a man that truly loves K-State, and wants to be part of the part in every facet.
Quick, obligatory Snyder stats: has coached for 21 seasons at K-State, compiling a 170-85-1 record. He ranks 7th all time among active coaches, and, most notably, has more than triple the number of wins of any other coach in school history. He also won a Big 12 Championship or two.

Topics: Big 12, Bill Snyder, College Football, Contract, K-State, Kansas State

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