Before Thursday, Mark Mangino received a fair share of bonuses for taking small steps – beating Nebraska, graduating a player or appearing on regional television, for example.
Not anymore.
Mangino signed a five-year contract extension for $1.5 million per year Thursday, and bonuses written into the contract could put another $650,000 in Mangino’s pocket.
But beating Nebraska won’t get him $10,000 anymore. He won’t get $1,000 per player that graduates. With the new money comes higher expectations, and athletic director Lew Perkins said the incentives were significantly more ambitious than in the previous deal.
“We’re paying him a really good salary to do those other things,” Perkins said.
Mangino hit several of the previous incentives during his first four seasons. He recorded victories over Kansas State, Missouri and Nebraska, had several appearances on television and graduated dozens of players. All earned him small bonuses.
Perkins said a bonus was in place if Mangino won the Big 12 Conference championship, won the national title or won coach-of-the-year honors. If he hits all of them in a given year, he’d go over $2 million in income.
Copies of the employment agreement, accessible through open record laws, weren’t available to the media Thursday because not every party had signed the deal. Chancellor Robert Hemenway couldn’t sign the contract Thursday.
“He’s out of town,” Perkins said, “but (the contract) is done. The chancellor has looked at it before.”
