COLUMBIA, Mo. (AP) - University of Missouri curators have unanimously approved a new 7-year deal for Tiger men's basketball coach Mike Anderson.
The board approved the new contract during a closed meeting at the end of their regular session Friday afternoon at Missouri University of Science and Technology in Rolla. The school had announced the new deal earlier this week.
Anderson will earn $1.35 million each year as well as an additional $200,000 in deferred annual payments. University of Missouri system President Gary Forsee said that extra money will be paid only if stays for at least for four years and then again after seven years.
The contract boosts Anderson's annual salary by $500,000. The third-year coach led Missouri to a school-record 31 wins and three NCAA tournament victories in the school's first appearance since 2003.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.