Mangino Signs New Contract at KU
Aug. 31, 2006
LAWRENCE, Kan. — University of Kansas Football Coach Mark Mangino has signed a new, five-year contract that raises his guaranteed income from approximately $610,000 per year to $1.5 million per year.
The contract begins retroactively on January 1, 2006, and expires on December 31, 2010. Mangino’s prior contract would have expired at the end of the 2008 season.
“This is a significant day in the history of the Kansas football program,” said KU Athletics Director Lew Perkins. “Mark Mangino has done an excellent job reviving this program. Chancellor Hemenway and I think it’s important that we not only reward Mark for the job he’s done, but also give him the support and stability he needs to continue to turn this football program into a top-tier program. We are happy to be able to make this announcement before this season starts.”
Under the new contract, Kansas Athletics will pay Mangino an annual salary of $220,000. Kansas Athletics also will pay Mangino $1,280,000 per year for professional services rendered. These services may include educational, public relations and promotional duties as assigned by the Director of Athletics. Such duties could include, but are not limited to, the production of any radio or television shows, Internet features or Mangino’s occasional endorsement of products affiliated with and approved by Kansas Athletics or its marketing partner(s).
The contract includes several provisions for incentives that could total as much as an additional $650,000 in any one year.
“I want to thank Chancellor Hemenway and Lew for their strong and continued support,” Mangino said. “We all share the same vision for excellence in our football program,” Mangino said. “I appreciate their support of our mission to make KU football a top-ranked program, both on the field and in the classroom.”
— KU —