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.