Coach Pitino’s Deal Finalized; $1.7M In New Bonuses

MINNEAPOLIS (AP) — Minnesota coach Richard Pitino‘s one-year extension through 2021-22 includes $1.7 million in new bonuses for staying with the program, on top of his $1.6 million base salary.

richard pitino1 Coach Pitinos Deal Finalized; $1.7M In New Bonuses

(credit: CBS)

Pitino’s contract, announced without terms last week by the university, was approved Friday by the Board of Regents. He’s 75-61 in four years with the Gophers. The average annual pay for the remainder of the deal now exceeds $2 million, ninth-most among Big Ten coaches.

The contract contains no guaranteed money for the additional year covering the 2021-22 season, but Pitino gets $650,000 for keeping the job through April 30, 2022.

Other new retention bonuses are $550,000 on April 30, 2021; $250,000 on April 30, 2020; and $250,000 on Aug. 1, 2017. There’s also a previously scheduled $450,000 bonus for fulfilling the contract through April 30, 2019.

(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

[graphiq id=”hwja5L9pQK9″ title=”Richard Pitino” width=”600″ height=”541″ url=”https://sw.graphiq.com/w/hwja5L9pQK9″ frozen=”true”]

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