March 11, 2014
Mike Anderson has signed a seven-year deal to remain Missouri's basketball coach.
The school announced Tuesday that the third-year coach and university officials signed the contract a day earlier. He will make an annual base salary of $1.35 million. That's a $500,000 yearly increase from his previous deal.
Various incentives could boost his annual pay to as much as $2.1
million. But Anderson would reach amount only by winning a national
Anderson would earn an extra $200,000 annually in deferred income if he stays at least four years. If he leaves for another job, Anderson or his new employer would have to pay Missouri up to $550,000.
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