This story has been corrected. Read below
Bill Self, who last week indicated in a roundabout way he would not leave his current job at Kansas, might be the future recipient of a mammoth financial offer from his alma mater.
The Tulsa World reported Sunday that sources say Oklahoma State officials are ready to offer Self, who will coach the Jayhawks in Monday night's national championship game against Memphis, a big contract.
A source close to Oklahoma State told ESPN Radio's Doug Gottlieb that the university has not and will not contact Self or his representatives at any point before his season is complete, including postseason exit meetings with his team and staff, before approaching him about the job.
The source also told Gottlieb that financial parameters for a deal have not been prepared.
Following Sean Sutton's resignation under pressure April 1 after two seasons as Oklahoma State's coach, Self was asked if we would consider filling the opening.
"I do care deeply about my alma mater," Self said a few days after reaching his first Final Four and first as the Jayhawks' coach. "I spent 11 years of my life at OSU and everything, but nobody there has contacted me from there. If they were to ask me what they should do, I would suggest they move in a different direction."
According to the World's report, Oklahoma State's ace in its wooing of Self could be supporter Boone Pickens, a Texas billionaire who is extremely fond of the coach's track record.
Meanwhile, Oklahoma State said Monday it will pay Sutton $2.7 million over 10 years as part of a settlement between the university and the former coach.
Information from The Associated Press was used in this report.
In an April 7 story on ESPN.com, it was incorrectly reported that sources told the Tulsa World that Oklahoma State would consider a $6 million signing bonus for Bill Self in a contract that could potentially be worth $3.5 million per season. While sources did tell the newspaper that Oklahoma State was prepared to offer the Kansas coach a large contract, the World only reported rumors of salary numbers. It was also incorrectly reported that the newspaper story ran on Monday instead of Sunday.