Louisville Resigns Pitino

Louisville coach Rick Pitino signed a contract extension yesterday which will pay him $2.25 million next year. His annual salary used to be a meager $1.65 million. He also boosted a current loyalty bonus so that instead of receiving $1 million on July 1st , simply for staying in Louisville that long, he will now get $1.75 million. Rough life.

Of course, Pitino is one of the most well-known coaches around NCAA basketball. He has been outstanding with the Louisville Cardinals so far. His current record with the team is 142-58. He won a national title with Kentucky in 1996 and went to the Final Four with Louisville in 2005.

If you want to see what an extra motivated coach can do with the Louisville squad next season, you can start scouring StubHub.com for some sweet Louisville Cardinals tickets.

Permalink - Posted in General on May 3, 2007 - Post a comment