Over 34 games this season, Selden averaged 9.4 points, 2.8 rebounds and 2.6 assists while shooting 38.2 percent from the field and 36.5 percent from three-point range.
He helped the Jayhawks win at least a share of their 11th consecutive Big 12 title, earn a No. 2 seed in the NCAA tournament and finish with a 27-9 record.
"Wayne is such a great kid and competitor and feels that there are so many things to accomplish, not only as an individual, but as a team," Kansas coach Bill Self said in a news release. "He is committed to this program and I know he'll work his tail off to put himself into in a spot to be a high (NBA) draft pick, hopefully next year, and put our team into position to have another great year."
The 6'5'', 230-pound guard is ranked 75th in DraftExpress's list of top 100 prospects and 21st in its list of college sophomores.