In short order, Shaka Smart is doing a great job of building Texas in his own image and re-branding the Longhorn basketball program as a national power.
Well, the powers that be at Texas have noticed, and have given the second-year coach a raise, as well as a contact extension.
Here at the Texas regents meeting, UT tacks a new 6th year onto Shaka Smart's deal, adds $100k, bringing him up to $3 million for 2016-17.
— Brian Davis (@BDavisAAS) August 25, 2016
According to Mike Finger of My San Antonio (via the Austin American-Statesman), the Texas board of regents on Thursday approved changes to the men’s basketball coach’s contract, with a UT source confirming Smart will receive an extra year and an additional $100,000 per season.
More from Finger:
With the changes, Smart will receive $3 million this season, his second at UT. He will continue to receive annual raises of $100,000 per year through 2022-’23. His original seven-year deal was scheduled to expire after the 2021-’22 season.
Smart not only had success in leading the Longhorns to the NCAA Tournament last year, but he is killing it on the recruiting trail as well. According to 247Sports, Smart is bringing in the fifth-best 2016 recruiting class in the country.
Not to mention, Smart is off and running in regards to shaping his 2017 class, as he has already secured a commitment from 4-star power forward Royce Hamm.
Texas did quite well in Smart’s first season, as the Longhorns went 20-13 overall and 11-7 in the Big 12, where they came in fourth place. The Longhorns season, however, cam to an abrupt halt in the NCAA Tournament when they lost to Northern Iowa in the first round on a half-court buzzer-beater shot.