KU's Bill Self signs contract extension through 2022

LAWRENCE, Kan. - Kansas is once again rewarding Bill Self for taking his team to the national championship game. Self has agreed to a new contract that will run through the 2021-22 season. He will receive a pay raise of about $480,000 per year. KU Athletics Director Sheahon Zenger announced the extension in a press release.

"We believe Bill Self is among a very small number of elite basketball coaches in the this country and 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," the release stated.

Self's previous contract ran through June 2018. He was making $3.376 million per year in base salary and annual service payments. He was also due retention bonuses in 2013 and 2018.

The new contract will land Self $3.856 million. He will also earn a second retention bonus of $876,000 per year. Those retention payments are slated for 2015 and 2018. The second retention bonus will be replaced in 2019 by an agreement to pay Self a lump sum of $6 million if he stays at Kansas through March 2022.

The new contract also includes various performance-based incentives. Self will earn $50,000 for a regular-season conference title. He earns another $25,000 for a conference tournament championship. Self will net $100,000 for being named Associated Press Coach of the Year. He will earn $150,000 for a Final Four appearance and $200,000 for another NCAA Championship.

Self expressed his appreciation in the university release.

"Cindy and I are thrilled that we will live in Lawrence for years to come. 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," he said.