ABOR approves Tommy Lloyd contract extension with Arizona Wildcats

Jun 9, 2022, 3:15 PM | Updated: 3:21 pm

The Arizona Board of Regents on Thursday unanimously approved a contract extension and raises for Arizona Wildcats men’s basketball head coach Tommy Lloyd, according to the Arizona Daily Star’s Bruce Pascoe.

It’s a five-year deal through 2027 that extends past the end date of his previous contract, March 2026. The extension rewrites the terms of his deal signed last year, when Lloyd left as head assistant at Gonzaga to replace Sean Miller at Arizona.

Lloyd’s base salary of $1.8 million from a year ago jumps to $2.9 million this coming 2022-23 season. The base increases by $100,000 annually and each year includes an additional $700,000 for “additional duties.”

“Tommy Lloyd has been a tremendous leader for Arizona Men’s Basketball in his first year as head coach,” University of Arizona president Robert C. Robbins said in a statement. “He has energized the University’s fan base with his Bear Down spirit, led our team to an incredible record with integrity, and, most importantly, been an effective mentor and advocate for our student-athletes. I look forward to his continued impact.”

The Wildcats’ deals with Nike and IMG would each add $200,000 to the yearly total, putting his approximate $4 million annual earnings second in the Pac-12 behind UCLA’s Mick Cronin, according to the Arizona Daily Star.

There are built-in bonuses each season for team GPA, Academic Progress Rate scores and on-the-court successes.

Lloyd would make $50,000 extra for a Pac-12 regular-season title, another $50,000 for winning the conference tournament and incrementally more money for advancing beyond the first round of the NCAA Tournament. A national championship would net Lloyd a $500,000 bonus.

Regular season win totals, coach of the year honors and Associated Press or USA Today Coaches Poll rankings also come with five-figure bonuses.

A buyout agreement in the contract says that Lloyd would owe the University of Arizona $12 million if he leaves the team in the first two years of the new contract. He would owe $6 million if he leaves in year three and $2 million if he departs in the fourth or fifth years of the contract.

Lloyd led the Wildcats (33-4) to a Pac-12 regular season title, tournament championship and Sweet 16 berth in his first year as a college head coach.

“I am thankful for the continued support of Arizona basketball, but our players and staff deserve credit for making my first year a special one,” Lloyd said in a release. “Everyone played an important role in helping us win two Pac-12 championships while competing at the highest level.

“I would also like to give a special thank you to the Arizona Board of Regents, president Dr. Robert C. Robbins and Director of Athletics Dave Heeke for their unwavering commitment to our program, who, along with our incredible fans, make Arizona such a special place.”

Arizona Basketball

Arizona center Oumar Ballo...

Arizona Sports

Arizona transfer Oumar Ballo commits to Indiana

Arizona Wildcats transfer Oumar Ballo committed on Tuesday to play for the Indiana Hoosiers, reports ESPN's Pete Thamel.

16 hours ago

Arizona Wildcats guard Caleb Love, the Pac-12 Player of the Year...

Arizona Sports

Arizona’s Caleb Love enters 2024 NBA Draft with potential to return

Guard Caleb Love will enter the 2024 NBA Draft after one year with the Arizona Wildcats but will keep the option to return to college open.

18 hours ago

Kylan Boswell #4 of the Arizona Wildcats reacts as he walks off the court after losing to the Clems...

David Veenstra

Former Arizona basketball guard Kylan Boswell commits to Illinois

Former Arizona Wildcats guard Kylan Boswell has committed to Illinois, he announced across his social media accounts on Sunday.

3 days ago

Arizona point guard Kylan Boswell vs. Long Beach State in the NCAA Tournament...

Arizona Sports

Kylan Boswell hitting transfer portal after up-and-down year at Arizona

Arizona Wildcats sophomore guard Kylan Boswell is entering the transfer portal, reports On3's Jamie Shaw and 247 Sports' Jason Scheer.

8 days ago

South Carolina celebrates winning an NCAA Championship...

Associated Press

NCAA women’s title between South Carolina, Iowa was most-watched hoops game in 5 years

South Carolina's victory over Iowa in the women's NCAA championship game had a preliminary audience average of 18.7 million on ABC and ESPN.

8 days ago

UConn wins 2024 National Championship...

Bailey Leasure

UConn becomes 1st back-to-back national champion since 2007 with win over Purdue

UConn defeated Purdue to win its sixth championship in program history Monday at State Farm Stadium.

8 days ago

ABOR approves Tommy Lloyd contract extension with Arizona Wildcats