Lance Leipold contract extention at Kansas to pay him $5 million with escalators

The contract extension for Kansas football coach Lance Leipold is now official, with details coming out from KU. This comes a week after initial reports of his contract extension surfaced.

In his official extension, Lance Leipold will receive $5 million a year through the 2029 season. With each season, he will receive an annual raise of $100,000.

This contract extension comes in just Lance Leipold’s second season at Kansas. He is 8-16 there and started the 2022 season 5-0, getting the Jayhawks ranked in the AP Poll. This led to speculation that other jobs, like Nebraska and Wisconsin, may court him.

In response, Kansas has invested in the football program, the football staff, and Lance Leipold himself with this new contract extension. That includes spending $100 million on a stadium renovation.

Importantly, this new extension increases the assistant coach salary pool. Kansas is now investing $5 million for assistants and $2.5 million for staff. Both of those pools also increase by $100,000 annually.

Lance Leipold should be at Kansas for a long time

While rumors swirled that he might leave Kansas in October, Lance Leipold assured fans that he was going to be at Kansas for a long time.

“To sit there and worry about being anywhere else than here is something that’s a waste of time because my wife and I, in our family, are extremely happy here and expect to be here a long time,” Leipold said.

Now, with a new contract extension through 2029, it looks like Leipold will be at Kansas for the foreseeable future.