AUSTIN, Texas — University of Texas Board of Regents agreed Thursday to extend Men's Basketball coach Shaka Smart's contract by one year to a seven-year agreement that runs through the 2022-23 season. Smart will receive a $100,000 pay increase to his base salary, adjusting his total compensation to $3 million for the upcoming 2016-17 season. There also are increases in the contract's performance-based incentives which will be detailed at a later date.
"Shaka has done a terrific job in all facets of building our basketball program," said Men's Athletics Director Mike Perrin. "On the court, despite facing a lot of challenges and adversity in his first year, we showed steady progress and produced a lot of exciting moments.