MANHATTAN — Kansas State athletic director John Currie completed his contract last month by signing an incentive and retention clause that will grant him a percentage of the bonuses his coaches earn.
Whenever K-State coaches earn performance-based incentives outlined in their contracts, Currie will also receive a bonus — 75 percent of what the coach is to earn, to total no more than 25 percent of Currie's base salary. Currie is to make $350,000 in base salary this school year.
No bonus that Currie has direct or indirect control of, such as performance evaluations, apply to the agreement.
One of his first bonuses could be for $18,750, which is 75 percent of the $25,000 bonus K-State basketball coach Frank Martin will receive if the Wildcats make the NCAA Tournament this season.
The contract also includes a retention incentive payment of $250,000 if Currie completes a five-year term as athletic director. If Currie is fired before the contract ends, he will receive $50,000 for each contract year completed.
"Various head coaches earn bonuses based upon athletic-related accomplishments," K-State president Kirk Schulz said in a statement, "and I felt it was appropriate to reward the athletics director for his leadership."
Currie signed his initial contract May 18, and as part of the contract, Schulz and Currie were to agree upon appropriate incentives within 120 days. That was extended, and the incentives clause was signed Dec. 3 and released Tuesday by the university.
Clemente on Cousy list — Senior guard Denis Clemente was named one of 20 finalists for the Bob Cousy Award on Tuesday.
The award recognizes college basketball's top point guard.
Other finalists include Kansas senior Sherron Collins, Kentucky's John Wall, Villanova's Scottie Reynolds and Michigan State's Kalin Lucas.