Coach well for one season and you could earn a $1 million raise.
At least that’s what happened to University of Arizona men’s basketball head coach Tommy Lloyd, whose pay increased to $3.6 million after a successful first season with the Wildcats.
The Arizona Board of Regents voted unanimously at a Thursday meeting to give Lloyd a hefty raise as part of an amended five-year contract. The board oversees the state's three public universities.
Lloyd’s base salary jumped to $2.9 million, and his total pay from UA will now hit $3.6 million with the added $700,000 a year for additional duties like media interviews and advertising, plus scheduled annual increases.
That’s up from a base salary of $1.8 million when his five-year contract was first approved in September.