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Sources: Will Wade receives 5-year extension at McNeese

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McNeese coach Will Wade has received a five-year contract extension, sources told ESPN.

Wade, who was hired last spring, has the Cowboys at 20-3 overall and 9-1 in the Southland in his first season at the helm.

He will make $700,000 per year in his new deal, source told ESPN. His buyout to leave for other schools has increased, but is still not considered prohibitive for most power-conference schools. It will be $1.25 million after this season and $1 million after next season.

Wade's rapid rebuild at McNeese, whose nonconference season included road wins at VCU and Michigan, has made him one of the more interesting names to watch entering this spring's coaching carousel.