Once again- who knows more about Frank's salary: Frank and his agent or some internet dumbasses?
All it takes is the ability to read and you can understand Frank's contract.
According to his contract:
This is what Frank will be paid according to his contract simply for being K-State's Basketball Coach for the entire term of the contract, and simply for signing his name on the dotted line:
Year One: $760K in Salary, and a $462K signing bonus. Total: $1,222,000.00
Year Two: Total: $1,200,000.00
Year Three: $1,300,000.00 in Salary, and a $250K retention bonus (note: The $250k retention bonus could possibly slip into Year Four if K-State takes it's full allotment of days to pay the bonus after 4/30/2012). Total $1,550,000.00
Year Four: Total: $1,400,000.00
Year Five: Total: $1,500,000.00
Year Six: $1,600,000.00 in salary and a $500,000.00 retention bonus. Total: $2,100,000.00
That works out to a 6 year average of $1.495 (give or take) million a year, and all Frank has to do to hit that average is. 1. Be K-State's head mens basketball coach. 2. Complete the full term of his contract.
There are no performance bonuses of any kind in that average. Meanwhile IMO Frank is painting a picture that he'll essentially have to hit them all out of the park to average $1.5 million a year. IMO that's being a bit disingenuous.
He'll have a total Fringe Benefit package that I'd guessestimate to have total dollar value of about $300K for the entire term of his contract. He gets that simply for being K-State's coach.
There was/is up to $600K total in non on court performance bonuses in play relating to graduation rates over the life of the contract.
There was/is up to $450K worth of coach of the year bonuses over the life of the contract.
In terms of on court performance bonuses, Frank gets 4% of his annual base salary simply for giving K-State basketball something resembling a pulse in making the NIT and going 9-7 in conference play. (I suspect the conference win total piece will have to amended for the "new" conference structure). He gets 8% of his base pay in bonuses for making the NCAA tourney. (IMO that's not exactly having to go up to the plate and knock it out of the park, not in the era of 68 teams making the NCAA tourney, hit a nice double this coming year Frank and you'll get paid $104K in performance bonuses). The range goes up 32% of his base salary and of course when he's up there, he is knocking them out of the park.
Another juicy little tidbit that our own Kellis R. has pointed out I believe. Based on this years performance K-State (and Frank) are contractually obligated to commence good faith negotiations on a contract modification or extension between the periods of 4/1/2012 and 5/31/2012.
Let's also not forget outside income, like the Frank Martin basketball camp. It was K-State who created Head Coach Frank Martin, and Frank gets to stuff the net proceeds of his basketball camp in his own pocket. Plus of course other outside income opportunities, enhanced by the fact that K-State created Head Coach Frank Martin. Nobody is going to go to associate head coach Frank Martin's basketball camp, nobody is going to pay any significant dollars to hear K-State assistant head coach Frank Martin talk. But then again, I've always been a K-State is bigger than any one person kind of guy, meanwhile tucks, tards and ites have always been of the mindset that certain individual people are actually bigger than K-State . . . when it was K-State who gave those individuals the opportunity to make millions of dollars and to excel and to potentially move on to bigger (or in the case of Miami lessor) things.
