Virginia basketball coach Tony Bennett signed a new seven-year contract with the Cavaliers on Tuesday, replacing the extension he signed in 2012 to his original contract. The school announced that his annual base salary and supplemental compensation will increase to $1.924 million, and according to the Daily Press, the contract includes a buyout of $1.4 million with annual decreases of $200,000.
The deal comes just a couple months after Bennett led Virginia to a 30-7 overall mark, tying a school record for wins in a season. The Cavs also won ACC regular-season and tournament titles on their way to the program’s first Sweet 16 since the 1994-95 season. With a strong lineup returning, the Hoos are poised to earn back-to-back NCAA tournament bids for the first time in 20 years and project to be ranked as a preseason top-15 team.