July 27, 2001
Columbia, Mo. - University of Missouri men's and women's basketball fans have reason to cheer during the offseason - the talented young coaches guiding their teams will be on the Tiger sidelines for years to come.
Men's Head Coach Quin Snyder, and Women's Head Coach Cindy Stein signed new contracts recently that will take them through the 2005-06 season, as announced by Director of Athletics Mike Alden.
Snyder, 34, has coached two seasons at MU, compiling two NCAA Tournament bids and an overall record of 38-26. Mizzou is ranked as high as No. 3 nationally in early preseason polls for the upcoming season.
Snyder will earn a base salary of $185,000 over the next five seasons, and other guarantees will raise his total yearly earnings to $815,000. With added incentives, such as winning the Big 12 Conference and NCAA Tournament, he could earn as much as $1,270,000. His previous contract included a base of $160,000, with a guarantee of $535,000 and a maximum of $768,333 with bonuses. His original deal was through the 2003-04 season.
Stein, who is fresh off taking the Tiger women's team to its first Sweet 16 appearance in school history, also signed a new five-year deal. Her base salary is now $165,000, with other guarantees totaling $205,000 annually. She can earn a total of $412,000 with other incentives. Her previous deal was a two-year extension of her original contract, and called for a base of $125,000, a guarantee of $150,000 and a maximum of $172,916.67 with bonuses included.
Stein, in her fourth year at MU, is 53-37 overall, and had been under contract through April 30, 2004.
Alden said the new contracts should end speculation about the two coaches' futures in Columbia.
"I'm a firm believer that having other programs interested in your people is a very positive thing. It means that they're running a solid program, and are doing things the right way. That being said, by both Quin and Cindy signing these deals, it says that they're committed to Missouri and that they're going to be here for awhile," he said. "I think that this is a very strong message, not only to our supporters, but nationally," he said.