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Now, details are coming to light of the new contract that Kansas State basketball coach Jerome Tang signed on April 28. The contract is a win-win situation for both sides.

After two seasons as coach of the Wildcats, it's clear that Tang is determined to bring a consistent winner to Manhattan. The university recognizes that and knows there will be other schools trying to poach him.

Tang's new contract, which runs until the 2030/31 season, includes performance bonuses and heavy penalties for early exit.

Tang's annual base salary was increased by $500,000 per year. His original annual salary of $3 million now includes an additional $100,000 per season. For example, in the 2024-25 season he will make $3.5 million, in the 2025-26 season his salary will increase to $3.6 million and finally reach $4.1 million in the 2030-31 season.

If all bonuses are exhausted, the contract is worth up to $28 million.

Regardless of the team's performance, Tang will receive a $200,000 bonus for each season he remains coach of the Wildcats. This bonus is paid out on May 31 of each year.

If Tang accepts another coaching position before the end of his contract, he will have to pay a price. Tang will owe K-State Athletics $5 million through the 2024-25 season, with the repayment decreasing by $1 million each season thereafter through the 2030-31 season.

However, if K-State decides to part ways with Tang, the coach would receive a significant severance package. For example, if he were fired during the 2025-26 season, K-State Athletics would owe him $18,675,000. The amount decreases by about $3 million each year until the contract ends.

Through hard work and his talent for recruiting new players, Tang turned the basketball program around. In his first season, K-State reached the Elite Eight.

The Wildcats finished last season with a win and an appearance in the NIT. But Tang, who is 45-24 in two seasons, expected more. He fought hard through the transfer portal and brought in nine new players from that area, arguably the best group of players from the transfer portal of any school.

Tang's recent signing of Illinois transfer Coleman Hawkins attracted national attention last week.

In short, Tang is making sure the K-State men's basketball program makes headlines in a positive way.

David Boyce is a contributing writer for K-State On SI. You can reach him at [email protected].

Follow our coverage of the K-State Wildcats on social media. Facebook: Twitter:@KStateOnSI

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