Alabama made a serious run at Wichita State men’s basketball coach Gregg Marshall in late March. Wichita State and its boosters banded together to fight off the Crimson Tide and the result is a contract, signed Sept. 23 by Marshall and requested by The Eagle, that pays him $3 million plus numerous perks.
That represents a raise from his previous base salary of $1.85 million, plus bonuses, a deal that started after WSU’s 2013 Final Four. As of April 26, he received a salary of $3 million, a figure that will rise to $3.5 million in 2018. He will continue at that base salary until 2022, according to the current contract, at which raises will be decided by the athletic director.
That salary will likely rank Marshall among the nation’s top 10 or 15 coaches. According to USA Today’s 2015 database of salaries, a pay check of $3 million would rank just behind No. 9 Indiana’s Tom Crean ($3,046,250) and ahead of Wisconsin’s Bo Ryan ($2.9 million).
Marshall’s deal also includes several bonuses that have become standard in previous contracts, including:
▪ $35,000 for 20 or more wins.
▪ $18,000 for a Missouri Valley Conference regular-season championship or co-championship.
▪ $36,000 for each NCAA Tournament game.
▪ $60,000 for reaching the Sweet 16, $100,000 for the Final Four and $200,000 for winning the NCAA title.
Marshall also receives perks such as two courtesy cars for business and personal use, membership at Flint Hills National Golf Club, Crestview Country Club and Genesis Health Club, six recruiting trips, charter jets for road games and a pool of $623,000 to pay three assistant coaches.
Should Wichita State fire Marshall without good cause (refusal to work, felony conviction, violation of NCAA rules, etc.) the university would owe him $15 million or the amount remaining on his contract,whichever is less. Should Marshall leave WSU, he will pay a buyout of $500,000, dropping each year until it reaches $200,000.