March Madness is that magical time of the year when a missed free throw in the final seconds can cost a basketball coach thousands of dollars in bonuses.
And you wonder why they throw tantrums on the sidelines.
The coaches at Wichita State University, Kansas State University and the University of Kansas stand to clean up as they lead their teams through their postseason tournaments this month. All of them have earned handsome bonuses already just for getting this far.
Starting at the top of the pay scale among the state’s coaches, KU’s Bill Self earned a $50,000 bonus for winning the regular-season Big 12 Conference co-championship. He will get another $25,000 if KU wins the conference tournament.
Not that Self needs the extra pocket cash after signing a contract extension in September that guarantees him $52.2 million over the next 10 years, making him the fourth-highest paid college coach in America.
The NCAA Tournament could bring more riches for Self, who is in his 10th year at KU. He would earn a $150,000 bonus if the 27-5 Jayhawks reach the Final Four, and another $200,000 if they win the national championship.
Kansas State coach Bruce Weber earned a $25,000 bonus for being named Big 12 coach of the year.
That honor allows him to renegotiate the contract he signed when he arrived at K-State just last year, a five-year deal worth $8.5 million. It provided a base salary of $1.5 million this year, with $100,000 annual increases through end of the contract.
Weber would get $50,000 if he is chosen national coach of the year by the National Association of Basketball Coaches and/or the Associated Press.
Some of Weber’s other bonuses are based on percentages of his base salary. He will receive the highest percentage attained for goals that include 4 percent for an National Invitation Tournament (NIT) bid or a 10-8 record in the conference, 8 percent for an NCAA Tournament bid, 12 percent for gaining one of the top three seeds in the conference tournament, 16 percent for a Sweet 16 spot or a conference regular-season or tournament championship, 20 percent to make the Elite Eight, 24 percent to reach the Final Four, 32 percent if the Wildcats win the national championship, and 28 percent of his base salary if Kansas State can finish in the Top 10 in the final AP or USA Today polls.
Weber’s contract also provides bonuses of $25,000 to $50,000 if his players achieve certain academic and graduation rates.
Wichita State men’s coach Gregg Marshall , who earns a base salary of more than $900,000 a year, already has clinched a $20,000 bonus because his 26-8 Shockers posted a winning record in the Missouri Valley Conference. He earned another $20,000 because they reached the 20-win mark.
Marshall stood to receive $18,000 for winning the conference regular-season title, and another $18,000 for winning the conference tournament title. More reasons he may not be too fond of Creighton, which beat his team for both titles.
He will get a $36,000 bonus for each game WSU plays in the NCAA Tournament. (An NIT appearance would earn him a flat $18,000 bonus.)
For being voted MVC coach of the year, Marshall earned a $25,000 bonus. He would get a $50,000 bonus if he is named national coach of the year by the National Association of Basketball Coaches and/or the Associated Press.
If WSU reaches the Sweet 16 of the NCAA Tournament, Marshall would get another $60,000. A Final Four spot would get him another $100,000, and an NCAA title another $200,000.
Marshall also gets scheduling and academic bonuses.
Jody Adams, coach of the 22-9 Shocker women’s team, won the MVC title for the first time in the program’s history and was named conference coach of the year. Those achievements earned her bonuses that are modest compared to the men’s coaches. Her contract provides her with a $6,000 bonus for posting a winning conference record, $5,000 for her coach-of-the-year honor, and $8,000 for winning the conference championship. She would get another $8,000 if WSU wins the conference tournament championship.
Adams, hired in 2008, makes a base salary of $175,000, which is increased annually as determined by the athletic department. She signed an amended contract in July which provides her with a $7,000 bonus for an NCAA bid, another $15,000 if WSU reaches the Sweet 16, $20,000 if they make it to the Final Four, and $25,000 if they win the national title.
Adams would get a $3,500 bonus for a WNIT appearance, $7,000 for a WNIT championship.
If Adams is named national coach of the year by the Women’s Basketball Coaches Association, the AP or the Naismith Foundation, she would earn a $15,000 bonus.
Adams gets a $6,000 bonus if her team maintains a certain four-year academic progress rate.