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Wednesday, April 15, 2009

Anderson deal official

Missouri head coach Mike Anderson curls his lips as he watches from the bench Saturday, Jan. 19, 2008 at Mizzou Arena in Columbia, Missouri.

Missouri head coach Mike Anderson curls his lips as he watches from the bench Saturday, Jan. 19, 2008 at Mizzou Arena in Columbia, Missouri.

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— Mike Anderson has signed a seven-year deal to remain Missouri’s men’s basketball coach.

The third-year coach, who led the Tigers to a school-record 31 wins and snapped a five-year NCAA Tournament drought that ended just short of the Final Four, signed the new contract along with university officials Monday. The school released copies Tuesday.

“It gives us a certain level of confidence,” athletic director Mike Alden said, referring to the long-term deals signed by both Anderson and football coach Gary Pinkel, who got his own hefty raise after a breakout 2007 season and now earns $1.85 million a year. “We have two of the best coaches in the country.”

The contract pays Anderson a base annual salary of $1.35 million. That’s a $500,000 yearly increase from his previous deal, signed when he was hired in 2006 to replace the ousted Quin Snyder.

Various incentives could boost his annual pay to as much as $2.1 million. But Anderson would reach that top amount only by winning a national title.

Anderson will earn an extra $200,000 annually in deferred income if he stays for at least four years, with another deferred payment after seven years. If he leaves for another job, Anderson or his new employer would have to pay Missouri as much as $550,000.

If the school fires Anderson, he would receive anywhere from $500,000 in 2016 to $1.35 million if he is terminated next year.

That sliding scale represents a reduction in the previous contract’s severance package, which guaranteed Anderson $500,000 for each remaining year of the contract — a provision that raised the ire of several members of the university’s Board of Curators three years ago.

Anderson will also receive an extra $121,0334 to disburse to his three assistant coaches and two other staff members. Those five employees now earn a combined salary of $478,686.

The revised deal makes Anderson the third-highest paid coach in the Big 12 Conference, behind only Bill Self of Kansas and Texas’ Rick Barnes.

Comments

Eurekahwk 10 years, 5 months ago

This is the LJ World who covers KU sports, no? One article about the incompetence of Mizzou's people is one thing, two articles about Mizzou should have you sent back to Columbia.

ottomark 10 years, 5 months ago

Eurekahwk, why isn't this important -- and good? Anderson is all class. And a great coach. We should welcome any improvement in the Big 12 we can get. There are now at least 5 great coaches in the Big 12 -- Self, Barnes, Capel, Ford and our Turgeon -- probably more. All the talk of the Big East last year made me sick. I want to see the Big 12 given the same respect. People like Anderson will make KU and the Big 12 better.

Dirk Medema 10 years, 5 months ago

It's an AP space filler story that does have some impact on KU since they are our rival, and sized appropriately.

KUbsee69 10 years, 5 months ago

My boss promised me $5,000,000 if I could arrange a lasting peace in the Middle East. Looks like Anderson and I are in the same boat.

No $5,000,000 for me.

No $2,100,000 for Anderson!!!

Paul Mitten 10 years, 5 months ago

I want a powerful Missouri so it means something when we beat them.

Anderson is great.

jaybate 10 years, 5 months ago

Again, the primary importance of Mike Anderson at MU is that it gives us a practice game against full court pressure. :-)

Steve Brown 10 years, 5 months ago

A good MU will make us better for the dance, if we are to beat ACC & Big East teams consistently we need the best we can get in our league. Here's my wish that Missery gets in top ten each year, just behind us, and helps the North beat up on the South teams, just never taste the final four...for themselves.

jayhawksnumber1 10 years, 5 months ago

Move it to the BIG 12 page....Missouri doesn't deserve this kind of coverage on KUSports.com KU Basketball section. We need to weed out the MU influence at LJW and KUSports.com......they seem to constantly feed us MIZZOU info and claim to do it because it is news.....interesting we don't get the same kind of information about the other BIG 12 schools......where was the information the last time Texas signed their coach to an extension and raise or OU or CU or NU or ISU and so forth. You won't see it here, BUT you will read about MU on the KU basketball page..... And while I am on a roll, where was our coverage on the alleged racial slurs that the KSU Catbacker editor claimed occurred at the game in Manhattan. You gave us the accusation and Self's denial but did anybody investigate and if unfounded why didn't we expose the yellow journalism of the KSU Catbacker web site.

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