Monday, September 23, 2013
Wichita State Basketball Coach Gregg Marshall has agreed to an amended contract with the school, one that gives him a raise and keeps him with the Shockers for several more years.
Under the terms of the amended contract, Marshall's salary will increase to $1.6 million beginning on November 9 and to $1.75 million beginning in April of next year. He currently makes $1.2 million a year.
"We believe this commitment to Coach Marshall through this salary increase for his continued success both through building great young men and his continued commitment to Wichita State that culminated in the Shockers' 2013 Final Four appearance deserves this type of well earned compensation," Director of Athletics Eric Sexton said. "This amendment clearly recognizes Coach Marshall as one of the country's elite coaches, and that Wichita State will continue to belong under his leadership."
Marshall is in his seventh season at Wichita State and has a seven-year rolling contract that extends by a year each April. After last season's rollover, he's now under contract with the school until 2020.
In addition to the salary increase, Marshall also received an increased salary pool of just over $500,000 to hire and retain three full-time assistants and a director of basketball operations.