Jug of Snyder » contract http://jugofsnyder.com A Kansas State Wildcats Fan Site - News, Blogs, Opinion and more. Sun, 19 May 2013 17:49:27 +0000 en-US hourly 1 http://wordpress.org/?v=3.4.1 Bruce Weber Receives Contract Extension Through 2018 http://jugofsnyder.com/2013/04/10/bruce-weber-receives-contract-extension-through-2018/ http://jugofsnyder.com/2013/04/10/bruce-weber-receives-contract-extension-through-2018/#comments Thu, 11 Apr 2013 02:46:04 +0000 Dave Thoman http://jugofsnyder.com/?p=2911 On the heels of a co-Big 12 regular season championship, spot in the Big 12 championship tournament game, and four seed in the NCAA tournament, Bruce Weber has come to terms with the Kansas State Athletic Department in a deal that will add one year to his contract and bring a nice raise. Here are [...]

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Kevin Jairaj-USA TODAY Sports

On the heels of a co-Big 12 regular season championship, spot in the Big 12 championship tournament game, and four seed in the NCAA tournament, Bruce Weber has come to terms with the Kansas State Athletic Department in a deal that will add one year to his contract and bring a nice raise. Here are the details of the agreement following the Wildcats’ 27-8 season that included a 14-4 mark in conference play:

  • Extension keeps Weber in Manhattan through the 2018 academic year (through June 30, 2018).
  • Increases 2013-14 season salary by $250,000, from $1.5 million to $1.75 million.
The $250,000 boost is significant because Weber’s contract calls for him to receive a $100,000 raise every year for five years. This agreement turns $100,000 into an immediate quarter million dollar boost. Additionally, every subsequent year will build upon this new base number. According to the previously established contract, he will receive $1.85 million in 2014-15, $1.95 million in 2015-16, all the way up to $2.15 million in 2017-18.

The extension was unanimously approved by the K-State Athletics, Inc., Board of Directors on Wednesday. His 27 wins were the second most in school history, allowing Weber to bring home the Big 12 Coach of the Year recognition by the league coaches and The Associated Press, as well as the U.S. Basketball Writers Association (USBWA) and National Association of Basketball Coaches (NABC) District Coach of the Year awards.

The conference coach of the year award was significant because it allowed Weber to reopen his contract for negotiation. The University responded swiftly by finding a solution they considered fiscally responsible while still providing the incentive to keep Weber from considering other offers.

]]> http://jugofsnyder.com/2013/04/10/bruce-weber-receives-contract-extension-through-2018/feed/ 0 Bill Snyder Signs Five Year Deal With K-State! http://jugofsnyder.com/2013/01/31/bill-snyder-signs-five-year-deal-with-k-state/ http://jugofsnyder.com/2013/01/31/bill-snyder-signs-five-year-deal-with-k-state/#comments Thu, 31 Jan 2013 19:10:04 +0000 Dave Thoman http://jugofsnyder.com/?p=2627 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 [...]

Bill Snyder Signs Five Year Deal With K-State! - Jug of Snyder - Jug of Snyder - A Kansas State Wildcats Fan Site - News, Blogs, Opinion and more.

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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.
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