MONDAY, SEPTEMBER 27, $ 200^{a} $
NEWS
THE UNIVERSITY DAILY KANSAN
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PERKINS: Contract could pay $1.3 million bonus in June 2009
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The release of Perkins' contract revealed the $1.3 million retention clause, which will be paid to Perkins if he stays at his position until June 30, 2009.
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"If I leave tomorrow, I don't see any of it," Perkins said.
Hemenway said that men's basketball coach Bill Self, football coach Mark Mangino and women's
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basketball coach Bonnie Henrickson are the only other University employees that have such clauses in their contracts.
Perkins' contract also states that he has the use of two cars provided by the University. He also receives family memberships to two country clubs in Lawrence, life insurance provided by the State Board of Regents, along with a retirement plan provided by the Regents.
The University also pays for Perkins' wife to travel with him on business trips and "a reasonable number of away football and men's basketball games when an official business purpose is not identified."
BILL SELF'S SALARY
Additionally, Perkins receives four season tickets to men's basketball games and a private suite in Memorial Stadium.
Details from the employment contract and other documents released Friday concerning University of Kansas men's basketball coach Bill Self: Self's employment contract is dated April 21, 2003, and is for five years.
Annual compensation
■ $129,380 in salary.
■ $350,000 under the University of Kansas athletic corporation's contract with Nike.
■ $400,000 for media services paid to a company with a connection to Self.
Public speculation that
Deferred compensation
University agrees to make annual payments $224,300 each, which Self can claim in April 2008.
The total is $600,000 after taxes, with a pretax amount estimated at $1.1 million.
$10,782 for winning the Big 12 Tournament championship.
If the University ends his employment without cause before then, it must still provide the $600,000 after-tax amount. If it has cause, or Self ends his employment, he will receive the annual payments already made, minus taxes.
Big 12 regular season championship.
The same amount for participating in the NCAA championship tournament
Potential annual bonuses ■ $21,563 for winning the
postseason tournament. The same amount for
The same amount for winning 25 or more games in a season.
The same amount for reaching the Sweet 16 round of the NCAA tournament.
The same amount for
reaching the Final Four.
$32,345 for winning the NCAA championship.
$21,563 if the team achieves a 60 percent graduation rate "as calculated by the NCAA."
Basketball Camp
Self is entitled to run a summer basketball camp and is guaranteed $250,000 if he does so.
Perkins was the highest paid athletics director in the country was rumored to be the reason the University did not disclose the information immediately. However, Perkins said that was not the case at all. Perkins said he wanted to release the details of the contract from the time he came from the University of Connecticut, but Hemenway had asked if he would withhold the information.
Possible total compensation
Possible total compensation
Self could receive $1.48 million in annual compensation if he holds a summer basketball camp and meets all the bonus requirements, including winning the NCAA championship. That amount includes the annual deferred compensation payment.
Source: The Associated Press
Hemenway said the reason they wanted to keep the information confidential was because of the effect that it
All of Perkins' salary is paid from the University payroll system, but comes from various sources of funding.
could have on other state employees.
The state of Kansas pays only $165,000 of his salary.
The Kansas University Athletic Committee pays $210,000 and the Chancellor's KU Endowment Association funds pay the remaining $170,000.
"W when you
Perkins said his salary of $545,000 was more than the Chancellor or the dean of a major school makes, but he
compare expenditures of other employees, it is like comparing apples and oranges. University employees are paid with all state money and Lew is paid only $165,000 of state money."
Robert Hemenway
Chancellor
receives less of the state's money than either of those University employees.
Hemenway said that it was hard to compare Perkins' salary with other University employees because those employees' salaries are paid solely from state money.
"When you compare expenditures in athletics and expenditures of other employees, it is like comparing apples and oranges." Hemenway said. "University employees are paid with all state money and Lew is paid only $165,000 of state money."
Since Perkins has been at the University, he has hired several assistants that were not here when he came from Connecticut.
Those people, who include additional tutors and academic assistants for the student athletes, trainers and strength coaches, were questioned by the public.
Perkins said there are several statistics to show that these assistants have helped the student athletes.
The athletic department had its best academic last year, posting and average grade point average of 2.98. The University average in the fall of 2002 was 2.96 and 3.01in the spring of 2003.
Details from University of Kansas football coach Mark Mangino's employment contract and other documents, released Friday:
MARK MANGINO'S SALARY
Mangino's employment contract began at the start of 2002 and was for five years, through 2006, but he and the University extended it two years.
Annual compensation
$128,438 salary
Perkins also said that an
$1,450,436 salary
At least $472,000 in net income from radio and television shows.
Potential annual bonuses
$10,000 for winning six regular season games and larger amounts for each following victory. The total with 11 season victories would be $200,000.
$5,000 for a victory over Kansas State University, the University of Nebraska or "any other high-profile opponent."
$35,000 if the team participates in the Big 12 Conference Championship game.
- $20,000, $35,000 or
- $50,000 if the team plays in a postseason bowl game, depending on the importance of the game.
$100,000 if the team wins
the National Championship
$10,000 for every regular season victory televised on ABC, CBS, NBC or ESPN, and $5,000 for every victory televised on FOX.
■ $5,000 if the University sells 30,000 season tickets by Sept. 1, $10,000 for 35,000 season tickets and $15,000 for 40,000 season tickets.
$1,000 for every football player who graduates from the University.
Big 12 Coach of the Year.
$50,000 for being named
$25,000 if the team meets agreed upon academic goals.
■ $25,000 for being named
Bin 13 Coach of the Year
$50,000 for being named AP National Coach of the Year.
$10,000 if the football program comes in under his annual budget.
Deferred Compensation
Mangino was entitled to $75,000 in deferred compensation by remaining as coach into December 2003. He is entitled to the same amount for 2004 and 2005, and to $156,887 for 2006. He can claim the entire accumulated amount in December 2006, or part of it if he leaves the job before then.
The after-tax amount is $211,458, with a pretax amount estimated at $381,887.
increase in fund-raising for the athletic department has allowed him to bring in additional people.
Before his tenure at the University, the athletic department had never raised more than $5 million in funds.
Last year, Perkins said it raised $30 million.
Part of what Perkins has done to increase the funding for the University is that he is constantly traveling around the country, promoting the University and attending national conferences. Last week, he traveled to Tucson, Ariz., and Nebraska. He was
also in New York earlier this week.
Perkins and Hemenway both said that when Perkins was hired, both parties said that they wanted Perkins to finish his career at the University.
They said they did not want there to be any animosity between the athletic officials and media organizations.
"We had a difference of opinion with a news organization about what should be made public," Perkins said.
Edited by Ryan Greene
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Burkemper Real Estate
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Rich Teahan Family
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