MANHATTAN, Kan. – Kansas State Director of Athletics John Currie announced Friday that football coach Bill Snyder has agreed to a new multi-year contract, securing the services of the legendary head coach through the 2013 season. The contract is retroactive to February 1, 2009, and includes annual compensation which will total nearly $10 million over the five-year agreement.
The new deal was approved by the K-State Athletics, Inc., Board of Directors earlier Friday.
“Coach Snyder is one of the true legends of college football,” Currie said. “He is an outstanding ambassador for this University, community and state. I have said numerous times that my first impression of Kansas State was the toughness and determination of a football team led by Coach Snyder at the 2001 Cotton Bowl, and we are excited about the direction of our football program under his leadership.”
The architect of the “greatest turnaround in the history of college football,” Snyder will be paid a base salary plus supplemental licensing payments totaling $1.85 million in the 2009-10 contract year, $1.875 million in 2010-11, $1.925 million in 2011-12, $1.95 million in 2012-13 and $1.975 million in 2013-14.
“We are excited to have Coach Snyder back on the sidelines and leading our football program,” K-State President Kirk Schulz said. “No other coach in America has served his institution with greater dedication and loyalty, and we are confident about the future of K-State football.”
“The reason we came to Kansas State was because of the people, we have stayed here all of these years because of the people and our reason for returning was because of the people,” Snyder said. “I am so very appreciative of the commitment and leadership of President Schulz and John Currie and the vision they share with me for the direction of our football program.”
In addition to his base salary, Snyder will receive the use of a courtesy automobile and a vehicle stipend of $10,000 annually; access to a suite at Bill Snyder Family Stadium; a country club membership; a family membership at the KSU Rec Complex; eight men’s season basketball tickets and four women’s season basketball tickets, and four tickets to the Big 12 men’s and women’s basketball tournaments and, as available, four tickets to NCAA men’s and women’s basketball tournaments for games in which K-State participates.
The contract calls for performance incentives that could reward Snyder up to an additional $455,000, including $75,000 for winning the Big 12 championship game and $250,000 for winning the BCS National Championship.
Upon the conclusion of Snyder’s employment as coach, he will continue to be paid $150,000 annually as a Special Assistant to the Athletic Director.
Snyder retired in November of 2005 after 17 seasons as the head coach at Kansas State and made his return to the sideline on September 5 after being hired on November 24, 2008.