Tony Bennett Signs A Five-Year Extension To Stay Virginia Men's Basketball Coach

OMAHA, NE - MARCH 15: Head coach Tony Bennett of the Virginia Cavaliers leads his team during practice as they prepare to face the Florida Gators in the second round of the NCAA Men's Basketball Tournament at CenturyLink Center on March 15, 2012 in Omaha, Nebraska. (Photo by Doug Pensinger/Getty Images)

Tony Bennett has signed a long term deal to stay coach of the Virginia Cavaliers basketball team through 2019.

Virginia Cavaliers Men's Basketball Coach Tony Bennett has signed a five-year extension to remain with the program according to Michael Phillips of the Richmond Times-Dispatch. The extension will keep Bennett under contract with Virginia through 2019. The University was able to have Bennett sign this extension without increasing his pay.

Under the agreement, which was obtained by the Times-Dispatch, Bennett will not receive a pay increase. He currently makes $1.7 million per year, and will receive a $500,000 bonus if he is still employed for the 2014 season.

The buyout fee if Bennett leaves is also rolled back to its original level under the new contract, and will decrease each year beginning in 2014. If the coach is fired, he is entitled to collect salary for the remainder of the contract.

Bennett is coming off his first NCAA Tournament appearance after taking the job in 2009. This is the third head coach that the University has signed to an extension. Football coach Mike London and men's lacrosse coach Don Starsia have also been locked up to long-term extensions.

Bennett is also now the fourth-most tenured coach in the ACC behind Duke coach Mike Krzyzewski, Florida State coach Leonard Hamilton and North Carolina coach Roy Williams.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation DC

You must be a member of SB Nation DC to participate.

We have our own Community Guidelines at SB Nation DC. You should read them.

Join SB Nation DC

You must be a member of SB Nation DC to participate.

We have our own Community Guidelines at SB Nation DC. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.