Gregg Marshall spurned the hefty offers of southern suitors this off-season to remain at home – in Wichita.
An alleged hefty new contract offer from hometown heroes in Wichita was thought to have made decision a little easier and the nest a little more comfortable for him.
Marshall’s latest contract with Wichita State was speculated to be in the $3.3 million range, but as KWCH reported on Monday, no more speculation about the new contract exists.
Coach Marshall’s base salary starts at $3 million per year in 2016 and 2017. In 2018, the base salary bumps to $3.5 per year through 2021. The contract has a perpetual annual rollover extension of one year, unless Wichita State notifies Marshall that they choose not to extend the contract further.
For now, HCGM has the automatic extension on lock-down for as long as he wants to drive the engine of the Shocker Express.
The new contract also includes multiple bonus opportunities for Marshall, including:
- A winning Missouri Valley Conference record: $20,000
- A multi-year Academic Progress Rate of .930 or better: $35,000
- MVC regular season champions or co-champions: $18,000
- Advancing to the Sweet 16: $60,000
- Advancing to the Final Four: $100,000
- Winning the national championship: $200,000
Additionally, Coach Marshall receives other perks and benefits, including:
- Charter Jet for a minimum of six recruiting trips used by Gregg or an assistant.
- Charter Jet with at least 30 seats for team’s away games.
- A pool of $623,000 for three assistant coaches and a director of basketball operations.
- Use of a private aircraft for three personal trips a year.
- Two courtesy cars or an allowance in lieu provided.
- Membership at Flint Hills National Country Club, Crestview Country Club, and Genesis Health Club.
The fact that the majority of the money for the next contract was derived from booster fundraising highlights the impact Marshall and his family have made on the WSU community.
The outpouring of funding support was a clear-cut message that Shocker boosters clearly understand and deeply value what Coach Marshall’s brand of basketball brings to Wichita State and to the entire city of Wichita.
Nationwide awareness of Wichita State is at an all-time high, largely due to Marshall’s winning ways. His Shockers are a hot commodity nationally, as evidenced by 16 televised games for this coming season, on ESPN, NBCSN, and FOX Sports.
This contract makes Marshall the tenth highest-paid coach in NCAA Division I men’s basketball, behind Indiana’s Tom Crean and ahead of Wisconsin’s Bo Ryan.
Marshall’s hard work and dedication to winning have placed him in elite company, and he is rightfully about to be paid a kingly sum for a kingly performance.
I just hope he still has his victory chalice handy.