The reigning ACC men's basketball coach isn't leaving Charlottesville anytime soon.
Tony Bennett, who led Virginia to the ACC regular season and tournament championships last season, signed a 7-year contract extension through the 2020-21 season, the university announced on Tuesday.
Bennett annual base salary and supplemental compensation will increase to $1.924 million. His previous contract signed in 2012 was scheduled to run through the 2018-19 season.
“We are pleased with Coach Bennett’s commitment to the University of Virginia,” athletic director Craig Littlepage said. “Tony believes in the goals of the athletics department and the mission of the University. The vision he had for our program when he accepted the head coaching position is developing according to his plan. It will be exciting to watch the development of our players and the program in the coming years.”
Last season Bennett directed the Cavaliers to a school-record tying 30 victories, a No. 1 seed in the NCAA Tournament and the program's first NCAA Sweet 16 berth since 1995. In five seasons at Virginia, he has a 106-60 record in five seasons in Charlottesville and led UVa to postseason appearances in each of the last three seasons.
“I’m thankful for receiving this new contract,” Bennett said. “I love coaching at the University of Virginia and living in Charlottesville where the community has been wonderful to my family. I feel we are building something special here and this commitment by the University is another great step towards ensuring we continue to compete at a high level.”
The school also announced the new contract includes $1.4 million in longevity bonuses over the life of the contract as well as a buyout provision. Compensation will be funded from Athletics Department funds and the Athletics Department does not receive state funding.