Wichita State Shockers

Gregg Marshall Contract Finalized

Gregg Marshall Contract Finalized

 

On Thursday the 19th of May, Coach Gregg Marshall and Wichita State finalized the contract extension that they had agreed on, back in April.  Its not a surprise that it was finalized, but what was a little surprising to me, was that Marshall was not bumped up to the $1 Million mark. His previous contract was for $800,000 annually, and his new 7 year contract extension is for $900,000 annually with a $150,000 yearly bonus for every year he is at Wichita State . It was rumored that the NC State job that was offered to Marshall was to run in the range of 1.3 to 1.5 million dollars a year. This can either point to two reasons why Gregg would turn down the NC State job, with that price tag attached. NC State was an absolute mess of a job, and Gregg felt that he couldn’t work with the administration, or that Wichita really is his home, and he plans to be here a while.  I think you could combine both for the answer, but I’d almost lean more towards Wichita being a home to the Marshall’s, and also that Gregg truly thinks he can build a powerhouse of a program here at Wichita State.

The details of his contract are as follows:

  • $900,000 annually for 7 years, and after each complete season an automatic 1 year extension is added on.
  • Buy out clause for Gregg to leave his contract prematurely is at $325,000 to be paid within 30 days of contract termination.
  • If Marshall is to be removed without cause, he will be paid the less of $4 Million dollars or the total of remaining seasons under his contract.
  • A handful of bonuses for performance, with the largest being $90,000 for a NCAA Championship.

 

Exact contract terms sourced from The Wichita Eagle.

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1 Comment

  1. Walker Schwartz

    May 20, 2011 at 7:09 pm

     I’m beyond stoked about this!  Here’s to hoping WSU has to pay Marshall for that NCAA Championship bonus!!!!

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