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Coach Billy Donovan signs three-year contract extension with Florida Gators

Florida men's basketball coach Billy Donovan signed a three-year contract extension through the 2015-16 season Friday.

Donovan, 46 and in his 16th season with the Gators, will earn approximately $3.3 million annually, with a base salary of $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 include 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," UF athletic director Jeremy Foley said in a statement. "He and his family have given 16 incredible years to this institution and community. 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 Associated Press poll.

Coach Billy Donovan signs three-year contract extension with Florida Gators 12/16/11 [Last modified: Friday, December 16, 2011 10:18pm]

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