With no incentives included, the contract will pay Self a total of $5.41 million per year, including a $2.435 million retention bonus that he’s now due to receive every April 1. “Every day, I am reminded just how fortunate I am to lead this storied program and there truly is no place else I would rather be. On Friday, KU basketball announced that Bill Self had signed a "lifetime contract" extension with the program. If Self departs specifically for the NBA, he will owe KU basketball $2 million. Kansas basketball coach Bill Self has agreed to a new contract that will keep him with the Jayhawks until he retires, even as the school awaits a decision from an independent panel investigating five Level I infractions charges alleged by the NCAA. Self's current contract, which had … [25] Self’s new contract will operate as a five-year rolling agreement that automatically adds one year at the conclusion of each season for the remainder of his career, KU announced in a press release. Kansas has done all it can to ensure that Bill Self never goes anywhere else. Bill Self's Lifetime Contract Makes Clear Where Kansas's Priorities Lie. Self-billing is an arrangement between a supplier and a customer. April 02, 2021 11:17 AM ET. CBS Sports is a registered trademark of CBS Broadcasting Inc. Click to sign up for Phog.net's daily newsletter! "The parties agree that Athletics will not terminate [Self] for cause due to any current infractions matter that involves conduct that occurred on or prior to the date of the full execution of this agreement," the contract reads. But Friday's contract announcement amounts to an endorsement of Self's ability to survive the NCAA's potential punishment. CBS Sports is a registered trademark of CBS Broadcasting Inc. Commissioner.com is a registered trademark of CBS Interactive Inc. site: media | arena: collegebasketball | pageType: stories | Want the latest KU basketball headlines sent to your inbox? As we continue to work through the challenges facing our program, we look forward to moving ahead and focusing on our bright future. Kansas announced today that Bill Self has signed a lifetime contract with the Jayhawks. The ongoing investigation clouding the men's basketball program did not seem to dissuade the Jayhawks' administration one bit. 6-keys: media/spln/collegebasketball/reg/free/stories, at All Rights Reserved. The Jayhawks have inked the head coach to a lifetime contract. “I want to extend my sincere appreciation to Chancellor Girod, [interim AD] Kurt Watson, and the rest of the leadership at KU for their belief and faith in me to provide this lifetime contract,” Self said. Kansas Jayhawks coach Bill Self has signed a lifetime contract with the men's basketball team, the school announced Friday. The Kansas Jayhawks announced a “lifetime” contract extension for head basketball coach Bill Self last week. University of Kansas men's basketball coach Bill Self has signed a new 10-year contract that will pay him $3 million per year. The school recently parted with football coach Les Miles and athletic director Jeff Long, and Self has not been immune to controversy. Additionally, Self's contract notes he receives two "courtesy automobiles," as well as a $4 million life insurance policy. The school announced Friday that Self agreed to a five-year contract that adds […] If you want to put a self-billing arrangement in place you do not have to tell HMRC or get approval from them. Self, 58, just wrapped up his 18th season with the Jayhawks and owns a 522-118 record with the program. ", "I want to extend my sincere appreciation to Chancellor Girod, Kurt Watson, and the rest of the leadership at KU for their belief and faith in me to provide this lifetime contract," Self said. Essentially, Self's new deal is a …. As for the buyout, if Self is terminated without cause, the Jayhawks will owe him a full year of salary ($5.41 million), plus whatever he had earned on his contract for that year (including the retention bonus). On Friday, KU basketball announced that Bill Self had signed a "lifetime contract" extension with the program. © 2005-2021 CBS INTERACTIVE ALL RIGHTS RESERVED. Kansas won the 2008 national title under his direction and has reached three Final Fours. Bill Self Kansas has signed men's basketball coach Bill Self to what it is calling a lifetime contract, the school announced Friday. The school announced Friday that Self agreed to a five-year contract that adds one additional year after the conclusion of each season — in effect, making it a lifetime contract. – The University of Kansas and head men’s basketball coach Bill Self have agreed to a contract designed to keep Self at KU through the 2021-22 season. © 2004-2021 CBS Interactive. LAWRENCE, Kan. — The University of Kansas announced today that hall of fame men’s basketball head coach Bill Self has signed a lifetime contract with the Jayhawks.His current contract, which was set to expire next March, is being replaced with a new five-year rolling agreement that automatically adds one year at the conclusion of each season for the remainder of his career. I'm excited to remain your basketball coach and compete for many championships in the future.". It may not have been intentional, but Kansas giving Bill Self a 'lifetime contract' sends a message to NCAA On the day Sean Miller was fired by Arizona, … You do have to: 1. get your supplier or customer to Big 12 regular season championship: $50,000, NCAA postseason tournament appearance: $50,000. Self, 58, just wrapped up his 18th season with … According to details of the contract, Self will be making $225,000 per year in a base salary, plus $2,750,000 in "professional services payment." Self also has "the use of an Athletics designated Scholarship Suite [at] Memorial Stadium," as well as a membership at both Alvamar Country Club and the Lawrence Country Club, green fees and expenses included. 11:42 am ET, Bill Self Signs Lifetime Deal With Kansas, Ranking the top uncommitted college hoops transfers, Ranking college basketball's top committed transfers, Five-star picks G League over college suitors, Arizona transfer James Akinjo picks Baylor, Former UK player Terrence Clarke dead at 19, Calapari, Stevens react to Clarke's death, Kansas, Self agree to a 'lifetime contract', Five-star Michael Foster picks G League over college, Death of UK's Clarke shocks basketball community, More changes coming to Kentucky coaching staff, UF star Keyontae Johnson won't declare for NBA Draft. Here you'll be able to view and manage your spending easily with our handy bill and usage monitoring tools – for your convenience they're available 24/7. It might even be a part of Self's current contract not to discuss extensions during NCAA investigations. The school announced Friday that it has extended Self’s contract, which was set to be up after next season. "If [Self] is suspended by the NCAA and/or the Big 12 Conference as a result of the pending NCAA infractions matter, [Self] agreed that he ... will forfeit 50% of earned salary and professional service payment during the time of such suspension.". Bill Self, for as long as he wants, is staying put at Kansas. Both customer and supplier must be VAT registered. Welcome to MyContract - your online self-service portal where you can access and manage your MTN contract (post-paid) accounts. LAWRENCE, Kan. — The University of Kansas announced today that hall of fame men’s basketball head coach Bill Self has signed a lifetime contract with the Jayhawks. The University of Kansas announced men’s basketball head coach Bill Self has signed a lifetime contract.. His other contract was set to expire next March but his new contract is a five-year rolling agreement that automatically adds one year at the conclusion of … However, Self will have to repay those amounts of incentive payments if the connected achievements are vacated by the NCAA. The contract also pays Self $2,435,000 annually as a retention bonus, good for a grand total of: $5.41 million annually. The Jayhawks have inked the head coach to a lifetime contract. The University of Kansas announced today that hall of fame men’s basketball head coach Bill Self has signed a lifetime contract with the Jayhawks. Self's contract was set to expire next March, according to the school, and will be replaced with a five-year rolling agreement that adds a year at the end of each season for the rest of his career. The new deal has … section: | slug: kansas-signs-coach-bill-self-to-a-lifetime-contract-as-the-jayhawks-wait-for-penalties-for-ncaa-infractions | sport: collegebasketball | route: article_single.us | One of the winningest college basketball coaches in the country, Self led KU to the NCAA title in 2008 and to the championship game this past season. His current contract, which was set to expire next March, is being replaced with a new five-year rolling agreement that automatically adds one year at the conclusion of each season for the remainder of his career. "Every day, I am reminded just how fortunate I am to lead this storied program and there truly is no place else I would rather be. Font Size: Kansas basketball coach Bill Self has agreed to a lifetime contract. Kansas head coach Bill Self takes questions during a press conference on Sunday, April 1, 2012 at the Superdome. David Hookstead Sports And Entertainment Editor. The announcement comes as Kansas awaits word on possible sanctions related to an NCAA investigation into rules violations involving the program. The Jayhawks are currently fighting five allegations of Level I violations, all of which the Jayhawks are disputing. The move comes at a moment of tumult for the KU athletic department. In fact, the contract contains wording saying Self cannot be fired "due to any current infractions matter that involves conduct that occurred on or prior to the date of the full execution of this agreement. The KU basketball program is dealing with an NCAA infractions case that includes a head coach responsibility charge in the fallout from a 2017 federal investigation into corruption in college basketball. Self also has the following bonuses built into his contract: None of those dollar amounts are exclusive, meaning if Self won a national title, he would make $600,000 — $200,000 for winning the title, a collective $250,000 for advancing to the Sweet 16 ($100K) and Final Four ($150K) and an additional $50K for making the NCAA Tournament. agree on contract through 2021-22 season. The school announced Friday that … "We believe in Coach Self and we believe in the future of our program under his leadership, and we are thrilled that he will continue to be a Jayhawk for the rest of his coaching career.". The contract also contains a clause on the current KU infractions case, which is being heard through the NCAA's Independent Accountability Resolution Process (IARP). I would also like to express my gratitude to our alumni and donors, as well as the best fans and students in the nation, that have supported my family and me for the past 18 seasons. On Friday, KU basketball announced that Bill Self had signed a "lifetime contract" extension with the program. As we continue to work through the challenges facing our program, we look forward to moving ahead and focusing on our bright future.”. The customer prepares the supplier’s invoice and forwards a copy to the supplier with the payment. Essentially, Self's new deal is a five-year agreement that auto extends one year after each season that passes. "For almost 20 years, Coach Self has embodied the spirit and tradition of the University of Kansas, leading our men's basketball program to a national championship, 15 Big 12 titles and 17 NCAA Tournament appearances," Kansas chancellor Doug Girod said. In August 2008, Self signed a new 10-year contract guaranteeing him $3 million annually, making him the second-highest-paid coach in college basketball at the time, following Florida's Billy Donovan. Kansas announced Friday that basketball coach Bill Self has signed a "lifetime contract" with the school. Kansas has done all it can to ensure that Bill Self never goes anywhere else. Bill Self, KU. Probably not prudent for either party to discuss extensions at this point. The agreement begins retroactively on April 1, … Click to sign up for Phog.net's daily newsletter! Kansas announced Friday that basketball coach Bill Self has signed a "lifetime contract" with the school. The deal guarantees him $5.41 million per year with a base salary of $225,000, professional services contract of $2.75 million and an annual $2.435 million retention bonus. The Jayhawks announced Friday morning that the legendary basketball coach has inked a lifetime deal with the program. Details, salary, buyout for Bill Self's 'lifetime contract' ... Kurt Watson, and the rest of the leadership at KU for their belief and faith in me to provide this lifetime contract,” Self said. 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