New NC State head basketball coach Kevin Keatts will earn $2.2 million annually, as the N&O’s Joe Giglio first reported back in March. On Friday afternoon, NC State released the details of Keatts’ contract, which almost quadruples his compensation from UNC-Wilmington.
Not surprisingly, there a plenty of incentives tied to Keatts’ contract; that was the case with Mark Gottfried, and also it’s how Debbie Yow likes to structure her deals with revenue-sport coaches.
The Gott Man earned significant financial bonuses for getting NC State to the NCAAs early in his tenure, and Keatts can do the same: If State makes the NCAAs in any of his first three years, that triggers an automatic one-year contract extension. Every NCAA appearance also boosts his yearly income by at least $100,000.
The full details on Keatts’ NC State contract are here. Keatts can earn significant financial bonuses for each step the basketball team takes in the NCAA tournament, and also for each arbitrary academic benchmark the team hits.