COLUMBIA, Mo. — New Missouri basketball coach Kim Anderson is getting a hefty raise at his alma mater after making the jump from Division II Central Missouri.
Anderson will receive a $300,000 base salary and $1.1 million in guaranteed money annually. He’ll get an additional $100,000 for each 20-win season that leads to an NCAA Tournament berth; an extra $100,000 if named national Coach of the Year; and $50,000 for each NCAA appearance, regardless of regular-season record.
The university released Anderson’s five-year contract Friday, six weeks after luring the 59-year-old former Big Eight star and longtime Tigers assistant under Norm Stewart back to Columbia. He had three 30-win seasons in 12 years at Central Missouri, where he led the Mules to an NCAA title in March. He earned $165,600 annually in Warrensburg.
The contract offers additional financial incentives should Missouri win the Southeastern Conference regular-season or tournament title, advance deep into the postseason or meet certain goals for ticket sales and academics. Should Anderson stay for the duration of his contract, he can collect another $500,000 in deferred annuity payments.
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Anderson replaced Frank Haith, who left Missouri after three seasons for Tulsa and was paid $1.5 million in guaranteed salary his first year on the job.
The Sedalia native interviewed for the Missouri job in 1999 before the school chose Quin Snyder. Missouri passed him over twice more, hiring Mike Anderson and then Haith, before athletic director Mike Alden gave him a chance at the school he led to a Big Eight title in 1976 and where he was the conference Player of the Year the following season.
Anderson was 274-94 at Central Missouri, a .743 winning percentage, and is among the top 10 in career winning percentage in Division II. He was a graduate assistant at Missouri from 1982-85 and was Stewart’s top assistant from 1991-99.