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Led by Heisman Trophy finalist Collin Klein, the Wildcats made a mockery of preseason polls that had them sixth in the conference. They won their first 10 games and reached No. 1 in the BCS standings before a loss to Baylor dashed their national title hopes.

Kansas State rebounded to beat Texas and win the Big 12 title, and then lost to Oregon in the Fiesta Bowl to finish with 11 wins for the seventh time in Snyder’s 21 seasons.

Snyder’s career record of 170-85-1, all with the Wildcats, places him seventh among active head coaches in the Football Bowl Subdivision in victories.

Bill Snyder is one of college football’s most respected legends,” Kansas State president Kirk Schulz said. “We are so fortunate to have one of the very best coaches in college football history who also fully embraces and understands the value and mission of our university.”

Kansas State will continue to reward him for future success.

Snyder’s contract includes a bonus of $50,000 for a third-place finish in the Big 12, $75,000 for a second-place finish or $100,000 for winning the conference title. He will also receive $50,000 for each bowl appearance, or $100,000 if it’s a “BCS bowl.” That total increases to $175,000 for making the national semifinals when college football’s playoff structure begins in 2014, $250,000 for playing in the championship game or $350,000 for winning the national title.

Snyder is also eligible for a $30,000 bonus for winning one of three coach of the year awards, $50,000 for a top-20 finish in the AP or BCS standings, or $100,000 for finishing in the top 10.

Beyond the compensation and bonuses, Snyder’s contract includes similar benefits to his previous deal: group insurance and retirement plans; the use of a courtesy vehicle and a vehicle stipend; the use of a suite in the stadium, which is undergoing $75 million in renovations; membership at a country club; men’s and women’s basketball tickets, including Big 12 and NCAA tournament tickets; 10 hours of private plane use annually; $50,000 for business-related expenses; other travel benefits, and the use of the school’s recreation complex and associated facilities.

“Coach Snyder’s daily drive, focus and energy in continuing to build the K-State football program are truly remarkable and inspirational,” Currie said. “While he is not one to focus attention on himself, President Schulz and I felt that it was important to recognize in this very significant way his tremendous leadership and commitment to continuing to lead the K-State football program.”