Here's the details from Smellis
K-State associate head coach Dalonte Hill’s new contract big on bonuses
After helping the Kansas State basketball team win 29 games last year and reach the Elite Eight, associate head coach Dalonte Hill was able to rework his contract.
On Aug. 10, K-State athletic director John Currie agreed to extend Hill’s contract through 2015 and increase his annual salary to $423,750 and make him eligible for significant bonuses.
Hill was already believed to be the highest paid assistant coach in all of college basketball. His new contract, first-obtained by the Eagle and Star this week through an Open Records Request, will only reinforce that opinion.
Depending on how well the K-State basketball team performs in a given year, Hill could receive as much as an $80,000 bonus.
Here’s how the bonus system works.
Hill will receive a bonus sum calculated by multiplying his base salary — $250,000 under his new contract — by the highest percentage attained for achieving the following team goals:
– NIT bid or 9-7 record in Big 12 play (4 percent)
– NCAA Tournament bid (8 percent)
– Top three seed in Big 12 tournament (12 percent)
– Reach Sweet 16 or win either the Big 12 regular season or tournament championship (16 percent)
– Reach the Elite Eight (20 percent)
– Reach the Final Four (24 percent)
– Top 10 ranking in the AP or USA Today final poll (28 percent)
– Win National Championship game (32 percent)
If this bonus system were in place last year, he would have received an extra $70,000 for helping K-State land in the Top 10 of the final polls, bringing his year-end earnings to nearly $500,000. His previous contract paid him $420,000 annually, plus incentives.
Not bad, right? With the Wildcats expected to once again contend for a spot in the Final Four this year, Hill can look forward to a nice pay day at the end of the season.
Other notes from Hill’s new contract:
– It is tied directly to head coach Frank Martin. If for any reason he is no longer employed by K-State, Hill’s contract can be terminated.
– If Hill chooses to leave for a new job while under contract, he will owe K-State $50,000.
– If K-State chooses to terminate Hill’s contract without cause, it will owe him a large buyout depending on when it occurs. The scale starts at $560,000 this season, $420,000 in 2011-12, $280,000 in 2012-13 and $140,000 thereafter.
Read more:
http://blogs.kansas.com/kstated/2010/09/08/k-state-associate-head-coach-dalonte-hills-new-contract-big-on-bonuses/#ixzz0yyXgX4kz
