Pinkel's new contract, announced Friday, will give him a guaranteed $500,000 a month until 2008. The contract starts Jan. 1. Under the terms of his old contract, which went through 2007, Pinkel received a guaranteed $570,00 a year plus incentives for attendance and team achievement. That put him last in the Big 12 in guaranteed compensation.
Under his new contract, Pinkel will receive a guaranteed $1.07 million each season, which will put him in the middle of the pack of the Big 12, the conference which pays its coaches more than any other in the nation, Missouri Athletic Director Mike Alden said.
Oklahoma coach Bob Stoops lead that pack with $2.2 million guaranteed each season, and Texas coach Mack Brown is a close second at $2.18 million. Kansas coach Mark Mangino makes the least, $700,625.
Pinkel said Monday he doesn't plan on leaving Missouri any time soon.
"I want to stay at Missouri and build a national program," he said. "I believe now, more than ever, that we can do it. When you're 51 years old, and you're right here where you're at, to me, it's a commitment. I'm co committed to this place. A career commitment, if they'll have me that long."
Pinkel has gone 16-18 at Missouri, but he has led the Tigers to a 7-4 record this season and Missouri's first chance at a bowl game in five years.
"I think this is a significant statement by the University of Missouri, and by Gary Pinkel as well," Athletic Director Mike Alden said. "It's a real commitment on both parts that we're going to work together for a long time."
The Tigers gave Pinkel a raise in base salary from $185,000 to $250,000, the amount Pinkel would make per season if Missouri terminated him without cause, in other words, for not winning enough football games.
Pinkel also received increases in compensation for apparel, TV and radio appearances, football camps and public appearances.
Unlike his old contract, Pinkel will no longer receive compensation after this season for winning seven games. He will have to win eight to receive the incentives.
Pinkel could see more money for attendance, but the attendance clause in his contract changed from overall paid attendance to paid season ticket holders. Pinkel gets $25,000 every year the Tigers get 40,000 paid season ticket holders and $50,000 for 45,000.
For Pinkel, there is certainly incentive for his "commitment" to last at least until the end of the contract. Should he leave during or after the first year of the contract, he would owe Missouri $1 million. In the second year, he would owe $750,000, $500,000 in the third year and $250,000 in the fourth year. There is no penalty for the final year of the contract.
Alden reiterated that none of the money for coaches' salaries come from state, university or taxpayer money. The athletic department receives $2.2 million a year from the university, which is used for debt retirement, tuition and fee waivers and ticket discounts.
"Zero can be used on salary issues," Alden said. "All of it has to be self-generated."