Florida coach Billy Donovan signs three-year contract extension
Florida men's basketball coach Billy Donovan has signed a contract extension that will keep him as head coach through the 2015-16 season.
Donovan, 46, is currently in his 16th season with the Gators.
The contract, obtained from the University Athletic Association, will pay Donovan approximately $3.3 million annually. Donovan's base salary is $220,000.
Donovan's contract includes a $40,000 allowance for personal travel. His apparel contract with Nike was increased from $225,000 annually to $340,000. He will continue to receive income from annuities, sports camps and endorsements.
Other incentives a $25,000 bonus for winning the SEC regular season championship and $37,500 for advancing to the NCAA Tournament.
"Billy Donovan has built one of the elite programs in the country at the University of Florida, he and his family have given 16 incredible years to this institution and community,” UF athletic director Jeremy Foley said in a statement. “His accomplishments speak for themselves, but he’s also achieved success with integrity, character and loyalty. We’re thrilled that he will continue to lead our program for years to come.”
Under Donovan, Florida has been in 11 NCAA Tournaments and won two national championships. Florida advanced to the Elite Eight last season and is currently ranked No. 13 in the AP Poll.