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Niko Medved to receive contract extension with Minnesota
The amended deal adds revised bonuses and buyout terms after Minnesota’s first season under Medved ended 15-18 overall.
- Minnesota men's basketball coach Niko Medved is set to receive a one-year contract extension through the 2031-32 season, pending Board of Regents approval on Wednesday, with a $200,000 raise to $3.2 million annually.
- Gophers athletics director Mark Coyle and Medved agreed to "engage in a good faith review of the contract terms and provisions" after Year 2, making "enhancements" to the initial March 2025 deal a year earlier than scheduled.
- Overall, the compensation package breaks down to $400,000 in base salary and $2.8 million in supplemental compensation, with Medved set to earn $20.7 million over the remaining contract term.
- Buyout clauses for coaching changes range from $10 million in the upcoming season to zero in Year 7; if Minnesota terminates without cause after Year 4, the Gophers will pay 75% of remaining compensation.
- Medved can earn $500,000 for an NCAA championship and $50,000 for Big Ten regular-season or tournament titles, though his total compensation ranks 17th out of 18 Big Ten coaches.
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