Wichita State’s Jody Adams receives new contract, annuity
07/22/2014 10:58 AM
07/22/2014 2:57 PM
Wichita State’s Jody Adams agreed to a new women’s basketball coaching contract Tuesday that calls for an increase in salary, the continuation of a five-year rollover and a $400,000 annuity to be paid should Adams stay five more seasons.
Adams, 43, led the Shockers the past two seasons to their first two NCAA Tournament appearances, first two Missouri Valley Conference regular-season championships, and first two MVC Tournament championships.
Her salary next season will increase from approximately $194,000 to $221,772. In addition, her contract continues to have an automatic five-year rollover, meaning it grows by one year after each season.
An annuity in the contract calls for Adams to receive $400,000 at the end of the 2018-19 season. The deal also calls for Adams and WSU to negotiate a second annuity by the start of the 2016-17 season.
“The commitment that Wichita State has made to me, my staff and our program speaks volumes,” Adams said in a statement. “I look forward to the partnership and the journey for years to come.”
Adams is guaranteed her salary will go up by $20,000 yearly, plus at least 4 percent of her base salary. The percentage will be determined by athletic director Eric Sexton.
Adams will get to divide $30,000 this month and $30,000 next season among her three assistants as raises, with a pool of $15,000 to divide among them in succeeding years.
“She’s focused on a mission to build a great program,” Sexton said. “We’re proud to reciprocate that commitment to her. It’s about building a team, so enhancing her ability to continue to reward and enhance her assistant (salary) pool was really important.”
In 2010, WSU’s women’s basketball team finished sixth in the Missouri Valley Conference, softball fifth and women’s golf sixth. Basketball and softball had never won an MVC title; women’s golf did in 1992. Last spring, all three won MVC titles to continue a dramatic improvement in sports that traditionally struggled at WSU. Sexton inherited Adams and golf coach Tom McCurdy, hired by his predecessor. He hired softball coach Kristi Bredbenner in 2011.
“I came in in the middle of those, other than to support what was going, plans put in place of ‘How do we move those sport programs back where we want them to be?’ ” he said. “To see coaches be able to build a plan, work toward those goals and motivate young women to share that vision is really rewarding.”
Other incentives for Adams include a percentage of a month’s salary ($18,481 next season) for winning conference championships; appearing in postseason tournaments; achieving a team Academic Progress Rate of .930; and a sliding, three-digit bonus for each semester the team achieves a grade-point average of at least 3.0.
The contract includes a $500,000 that WSU would have to pay Adams if she was fired without cause. There is a $70,000 buyout Adams would owe should she leave for another college job.
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