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Minnesota finalizes Richard Pitino deal

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MINNEAPOLIS -- Minnesota coach Richard Pitino's one-year extension through 2021-22 includes $1.7 million in new bonuses for staying with the program, on top of his $1.6 million base salary.

Pitino's contract, announced without terms last week by the university, was approved Friday by the board of regents. The average annual pay for the remainder of the deal now exceeds $2 million, ninth-most among Big Ten coaches.

The contract contains no guaranteed money for the additional year covering the 2021-22 season, but Pitino gets $650,000 for keeping the job through April 30, 2022.

Other new retention bonuses are $550,000 on April 30, 2021; $250,000 on April 30, 2020; and $250,000 on Aug.