West Virginia University and head basketball coach Bob Huggins have agreed on a contract extension that will extend their relationship to 2023.
As part of the 11-year agreement, Huggins will make $3 million this season with annual increases in compensation. He will receive a base salary of $250,000 with the rest of the money coming in supplemental pay from revenue generated by the athletic department.
Under the agreement, Huggins will assume a five-year Emeritus status with WVU following the sixth year of the contract (2017-18), which would allow him to remain within the WVU Department of Intercollegiate Athletics. In that role, he would be involved in public relations and development activities along with other duties assigned by the athletic director.
Huggins would be allowed to defer his Emeritus status and continue to serve as head coach beyond the 2017-18 season should he and the athletic director reach an agreement to do so.
""We are delighted to have an updated agreement in place that will continue to keep Coach Huggins at WVU for his entire career," Athletic director Oliver Luck said in a WVU release. "He is the third-winningest active coach in the country and his record of accomplishment speaks for itself. His passion, caring and love for the University and the state of West Virginia is incredible. We look forward to many more years of successful Mountaineer basketball under his guidance."
Huggins would receive increases in annual compensation of $100,000 in 2013-14, $150,000 in 2014-15, $75,000 in 2015-16, $250,000 in 2016-17 and $175,000 in 2017-18.
All of the incentives that WVU and Huggins agreed upon in a May, 2008 contract will be doubled with the exception of the incentive of winning a national championship, which is increased to $200,000.
An additional incentive added to the agreement is that any regular season victory over the University of Kansas – a new league foe in the Big 12 – would give Huggins another $25,000.
"I feel blessed to be able to end my coaching career at my alma mater – the place that all West Virginians love," Huggins said in a statement. "I'm very fortunate to work for an administration that shows our passion for this University and this state. It's rare for a University to redo an existing contract to make sure that their people are taken care of and reassured to coach at that institution. Many thanks to all the people who have been so supportive of me, my family and Mountaineer basketball. I'm truly blessed."
According to The Sporting News, which first broke the story of Huggins' agreement, he now becomes the eighth coach in the NCAA to earn at least $3 million per year and just the second to do so without having won a national championship.
To view the amended employment agreement in its entirety, click the link to the right of the story.