George Mason basketball coach Jim Larranaga received a one-year extension today, locking him up at the Fairfax, Va., school through the 2015-16 season.
Larranaga is 246-157 in 13 seasons, and has taken the Patriots to four NCAA tournaments and the Final Four in 2006.
With a combined three juniors and seniors, Mason went 17-15 this past season, losing to Fairfield in the first round of the CollegeInsider.com tournament.
It is Larranaga's first contract extension in two years. Mason tacked on three seasons and escalated Larranaga's base pay from $375,000 to $525,000 in 2008 when Providence expressed interest in hiring Larranaga to fill a vacancy created when the Friars fired Tim Welsh.
Larranaga also receives a $75,000 longevity bonus for every year he remains at Mason through March 30.
Not to mention he gets to keep everything from his B-Ball camps and gets a bonus for almost anything good, like a winning season, winning the CAA reg. season, will the CAA tourney, and winning in the NCAA tourney.
I'm quite sure I read somewhere he is making around $825000 a year, must be nice!
Posted by: Mason Fan | 03/31/2010 at 01:49 PM
Mason ---
That sounds about right.
He gets $10K for getting to 19 regular-season wins, an additional $15K if it is 22 regular-season wins. And youre right, theres plenty of other income outlets --- camps, coach of the year incentives, postseason incentives, etc.
One nifty thing from the previous contracts --- technically, he doesnt keep everything from his camps. He pays $1,000/week fee for up to four weeks. Something tells me that isnt much of a financial burden.
Posted by: D1scourse | 03/31/2010 at 02:57 PM
He's Mason's coach for as long as he wants to do it: It's a great feeling as a Mason alum and fan. Classy person, classy coach.
Posted by: Shawn | 04/01/2010 at 08:50 AM