COLLEGE PARK, Md. -- Maryland basketball coach Gary Williams
got a new contract that could keep him at his alma mater for the
next eight years.
The contract allows for up to four extra years if base academic
and competitive benchmarks are met in each of the remaining four
years of the current 10-year deal. The current contract runs
through May 31, 2009, so the extension could lengthen the deal to
May 31, 2013.
The contract also will enable Williams to collect bonuses if
certain academic and competitive requirements are met.
"This new contract ensures that his compensation will be
commensurate to that of the most highly achieving coaches in the
nation for the foreseeable future," athletic director Debbie Yow
said in a statement Monday.
Williams is guaranteed a salary of $1.6 million for 2005-06. If
all academic and athletic incentives are met, he will earn $2.3
million this season.
Under Williams, the Terrapins won the 2002 national championship
and the 2004 Atlantic Coast Conference title. With a 341-180 career
record at Maryland, Williams is just eight wins shy of passing
Lefty Driesell as the school career leader in victories.
"I am looking forward to achieving the high personal goals I
have set for myself and the program, in both the academic and
basketball areas," Williams said.