LAWRENCE, Kan. — The University of Kansas and head men’s basketball coach Bill Self have agreed on a new contract that will keep Self at KU through the 2021-22 season, the school announced on Friday.
According to the school, the new contract pays Self $3.856 million annually, an increase of some $480,000 per year. In addition, KU officials say that 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.
“We believe Bill Self is among a very small number of elite basketball coaches in this country,” KU Athletics Director Sheahon Zenger said in a statement on Friday afternoon. “This ensures that we compensate him accordingly. We are proud of the way he represents the University of Kansas, Kansas Athletics and the entire State of Kansas, and we are thrilled that he will remain our coach for at least another decade.”
Self, who led the Jayhawks to the National Championship in 2008, has led KU to two Final Fours, five Elite Eights and six Sweet 16s, and his teams have won eight straight Big 12 Conference regular-season titles in his nine seasons in Lawrence.
“Cindy and I are thrilled that we will live in Lawrence for years to come,” Self said in a statement on Friday. “We love Lawrence and the University of Kansas. We’ve been fortunate to have worked with great coaches and players at KU over the past nine years; they’ve been the backbone of our success. We both are very appreciative of Chancellor Gray-Little and Sheahon Zenger for the faith and trust they have shown in us, and we look forward to our association with KU in the years to come.”