In a press release this afternoon, UVA finally acknowledged the hiring of Tony Bennett as basketball coach and shared details of his salary. Bennett will receive a five-year contract that pays him $1.7 million annually, as well as a $500,000 hiring bonus and a $500,000 bonus if he sticks around for five years.
Bennett was reportedly making $1 million annually at Washington State University. Fired UVA men’s basketball coach Dave Leitao made roughly $1 million annually, though the University paid him $2.1 million in buying out his contract.
Bennett will be unveiled at a 1pm press conference tomorrow.