Lawrence, KS (Sports Network) - The University of Kansas and head men's basketball coach Bill Self have agreed to terms on a contract which will keep him in control of the program through the 2021-22 season.
The new pact, which is an extension of a 10-year deal Self signed back in August of 2008, will increase the 49-year-old's current salary by $480,000 per year, to $3.856 million, should he remain at the school for the duration of the contract.
In addition, the deal includes retention bonuses of $876,000 per year in 2015 and 2018. If Self remains at his post until 2022, the second bonus will be replaced by a one-time payment of $6 million due in 2019.
"We believe Bill Self is among a very small number of elite basketball coaches in this country," Kansas athletics director Sheahon Zenger said, "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."
Under the guidance of the Naismith college coach of the year, the Jayhawks finished the 2011-12 season with a 32-7 record (including a 16-2 mark in the Big 12), and advanced to the national championship contest before dropping a 67-59 decision to Kentucky.
In Self's nine-year tenure (269-53), Kansas has reached two Final Fours, five Elite Eights and six Sweet 16s, also racking up eight straight Big 12 Conference regular-season crowns.
"Cindy and I are thrilled that we will live in Lawrence for years to come," Self said in his own statement. "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."
Self, a Kansas graduate assistant in 1985-86, had been the head coach at Oral Roberts (1993-97), Tulsa and (1997-2000) Illinois (2000-03) before taking over the reins in Kansas after Roy Williams left for North Carolina before the 2003-04 season. He has a 19-year career head coaching record of 476-158.
09/28 17:58:10 ET