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Minnesota gives Pitino $400,000 raise, two-year extension

Aug 25, 2015 at 6:18p ET

Aug 25, 2015 at 6:18p ET

Richard Pitino has a 43-28 record at Minnesota.

MINNEAPOLIS -- Minnesota has finalized a two-year contract extension for coach Richard Pitino through the 2020-21 season, including a $400,000 raise.

The university released the details Tuesday, months after the terms were agreed to while Norwood Teague was the athletic director. Pitino, who finished his second year as coach of the Gophers, will now make $1.6 million annually. His $500,000 base salary stayed the same; his supplemental compensation was bumped up from $700,000 to $1.