Fox set to receive three-year extension
June 20, 2007
A contract extension for Nevada men’s basketball coach Mark Fox is becoming an annual occurance.
The Board of Regents that governs Nevada’s colleges and universities is expected to officially approve a three-year extension to Fox’s contract today at its meeting at Truckee Meadows Community College. The extension will be through 2014. Last year, Fox received a five-year extension to his contract through 2011.
Under the terms of the contract, Fox will start out with a base salary of $400,000 and that base salary will increase by $25,000 each year of the contract. There are also several bonuses for performance in the contract.
Fox will receive a $15,000 bonus for leading Nevada to an automatic NCAA Tournament berth. An at-large NCAA berth would be worth $10,000.
He would receive an additional $15,000 bonus if Nevada advances past the NCAA Tournament’s first round. An appearance in the Final Four would be worth $25,000 and an NCAA title would mean a $50,000 bonus.
In addition, an NIT berth or a Coach of the Year honor would be worth $5,000. Terms of the contract can be found on the Board of Regents meeting agenda at http://www.system.nevada.edu.
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In his three years as the Wolf Pack’s coach, Fox has posted an 81-18 record and won three straight Western Athletic Conference regular season titles. He has also directed Nevada to three straight NCAA Tournament appearances, advancing to the second round twice.