Mar 22, 2013; Kansas City, MO, USA; Kansas Jayhawks head coach Bill Self reacts to play in the first half of the game against the Western Kentucky Hilltoppers during the second round of the 2013 NCAA tournament at the Sprint Center. Mandatory Credit: Denny Medley-USA TODAY Sports

Big 12 Basketball Coaches Cashing In On Season's Success

For all but one Big 12 school, the 2012-13 men’s basketball season is over. But that’s only for the student athletes. For the head coaches and their staffs, there is really no end to the season, because as one ends, the process seamlessly transitions into the next one.

Only Baylor, among the men, is still actively engaged in games associated with the 2012-13 season. The Bears (21-14) just missed out receiving an NCAA Tournament bid, which made them a prime choice for the lesser-recognized but still widely respected National Invitation Tournament. Baylor cashed in on the opportunity, defeating three opponents that landed the Big 12’s sixth-pace team in the NIT semifinals on Tuesday at Madison Square Garden in New York City.

The season may be over, but for some coaches in the Big 12, the success achieved by their teams this past season is paying off for them in the offseason.

Iowa State’s Fred Hoiberg, affectionately known as the “Mayor” in Ames, where he played his college ball before embarking on a successful 10-years in the NBA, agreed to a new 10-year contract valued at $20 million. In Hoiberg’s two years as head coach of the Cyclones, his teams have won 23 games both years and posted a combined 46-23 record. The Cyclones have been to the NCAA Tournament the past two seasons, and this year they advanced to the third round before falling to Ohio State on a game-winning shot at the buzzer.

Big 12 Coach of the Year Bruce Weber of Kansas State led his team to a 27-win season and a share of the Big 12 regular-season crown in his first year in Manhattan. Winning the Coach of the Year honor in the conference triggered a renegotiation clause in Weber’s contract. His current contract, signed last year, is for five years at an estimated $8.5 million.

Kansas coach Bill Self,agreed to a contract extension last fall that will pay the 10-year Kansas mentor $3.8 million over the term of the contract. That made Self the third highest-paid coach in college basketball behind Jahn Calipari of Kentucky ($5.4 million), Rick Pitino of Louisville ($4.8 million) and Duke’s longtime head master Mike Krzyewski ($4.7 million). Self earned additional bonus payments of $50,000 and $25,000 this season for winning/sharing the conference  regular-season championship and the Big 12 Tournament title. Had his team made it to the Final Four in the NCAA Tournament, he would have received an additional $150,000.

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Tags: Basketball Iowa State Cyclones Kansas Jayhawks Kansas State Wildcats

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