Maryland basketball coach Gary Williams earned a one-year contract extension by meeting academic and competitive incentives included in his contract, which now runs through June 2012, university officials confirmed yesterday.
Williams, whose guaranteed salary for the 2007-08 season is $1.8 million with possible bonuses, met the competitive benchmark by taking the Terps to the NCAA tournament last season. Maryland lost to Butler in the second round, but it ended a string of back-to-back appearances in the National Invitation Tournament.
Williams also met academic incentives because his scholarship players averaged at least 27 degree-applicable credits. He still could extend his contract through 2014 if he continues to meet the competitive and academic incentives each of the next two seasons.
In December 2005, Williams signed a contract that would be extended by one year for each of the following four seasons if the team reaches the NCAA tournament and one of two academic standards are met: Maryland meets the annual NCAA academic progress rate cut score of 925, or the team's scholarship athletes earn an average of 27 academic credits per year.
Williams also receives bonuses if at least 50 percent of his players graduate and the team finishes in the top half of the Atlantic Coast Conference.