What type of deal did Kansas State signs mens basketball coach Frank Martin to?”
kansascity.com has more information: Martin and Kansas State agree to new contract MANHATTAN, Kan. | Kansas State basketball coach Frank Martin was awarded a new contract Sunday running through the 2014-15 season that is potentially worth $9 million total and will pay him an average of $1.55 million a year over the following five seasons. Martin was being paid $760,000 this season and receives a $462,800 signing bonus as part of the new deal. He will be paid $1.2 million next season, $1.3 million in 2011-12, $1.4 million in 2012-13, $1.5 million in 2013-14 and $1.6 million in the final year of the contract. He can also make $750,000 in retention bonuses. Martin’s previous contract ranked near the bottom of all Big 12 Conference coaches. The raise will rank him fourth in the league, tied with Missouri’s Mike Anderson, who already makes $1.55 million per year. Only Kansas’ Bill Self, Texas’ Rick Barnes and Oklahoma State’s Travis Ford ma
Kansas State Director of Athletics John Currie announced Sunday that men’s basketball coach Frank Martin has agreed to a new multi-year contract, securing the services of the head coach through the 2014-15 season. The contract, which was approved by the K-State Athletics, Inc., Board of Directors and President Kirk Schulz, includes average annual compensation for the 2010-11 through 2014-15 years of $1.55 million (base salary plus retention bonuses). “Coach Martin is a tremendous fit for Kansas State,” Currie said. “With this contract in place, Coach Martin has made a long-term commitment to K-State and K-State has made a long-term commitment to him.
