Minnesota Gives Richard Pitino $400K Annual Raise, 2-Year Extension
MINNEAPOLIS (AP) — Minnesota has finalized a two-year contract extension for coach Richard Pitino through the 2020-21 season, including a $400,000 raise.
The university released the details Tuesday, months after the terms were agreed to while Norwood Teague was the athletic director. Pitino, who finished his second year as coach of the Gophers, will now make $1.6 million annually. His $500,000 base salary stayed the same; his supplemental compensation was bumped up from $700,000 to $1.1 million.
Pitino has a 43-28 record at Minnesota. The Gophers won the NIT in 2014 but missed the postseason altogether in 2015.
Pitino also has a "contract fulfillment incentive" bonus of $450,000 coming his way April 30 if he's still at Minnesota then. That incentive was increased by $50,000.
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