Connect with us

NC State Basketball

Kevin Keatts Tells Joe Giglio that He Has Exercised His 2-Year Contract Extension at NC State

Published

on

NC State Head Men’s Basketball Coach Kevin Keatts was on with Joe Giglio of WRAL Sports Fan and 99.9 The Fan yesterday, and they talked about a variety of topics, but what caught my attention the most was the discussion over Keatts’ contract situation.

Giglio: Do you feel like this year you are coaching for your future, for your job? 

“I don’t. I really don’t. I feel like I’m coaching this year the way I’ve coached every year. I’m a very prideful person. When I took over this NC State program, we had taken over a program that had won 4 conference games the year before, and 5 the year before. We didn’t like that. The university didn’t like that. I obviously wanted to come in and be different. Other than last year, we’ve been different. I’m coaching not only for myself, but I’m also coaching for NC State University, and the guys and the families where I sat in front of them and recruited them to get a good education, but also to be able to play at the next level.”

Giglio: Part of your contract allows you to extend your current deal, I believe by two years, based on the loss of the scholarship and based on the limitation of the recruiting visits. Have you and your agent talked with Boo Corrigan at NC State about what you would like to do with your contract? (See Video Above)

Keatts: Yes. Last month we decided to exercise our 2-year NCAA extension. 

You might be wondering, what is this 2-year extension Keatts was able to opt into, and what is its relationship to the NCAA investigation on NC State’s Men’s Basketball that finally concluded in December?

Back in March of this year, Giglio wrote a piece over at WRAL, explaining some details of Keatts contract, that relate to the ruling of the NCAA.

Under the terms of Keatts’ contract, which were amended in July 2021, Keatts has the ability to extend his current deal by two years based on the NCAA ruling.

Keatts’ current contract runs through the 2025-26 season. As of Thursday, Keatts had not picked up the option to add the years to the deal.

In December, the NCAA, through its Independent Accountability Resolution process, gave NC State one-year probation, took away one scholarship for the 2022-23 season and placed recruiting restrictions on Keatts and his staff for the 2021-22 season.

According to the most recent contract, Keatts has the ability to elect to “be extended by NC State in an amount equal to the length of the penalties” imposed by the NCAA “up to a maximum extension of two years.”

The outlined penalties were if the NCAA “reduces the amount of scholarships that may be awarded by the team,” “restricts the team’s ability to recruit student athletes” or “precludes the Men’s Basketball Team from participation in post-season competition.”

Since the scholarship reduction and recruiting restrictions were in two different years, Keatts has the ability to extend the deal by two years. (WRAL)

So, yesterday, Keatts told Giglio that last month he exercised the 2-year extension that was brought about by the probation given to NC State by the NCAA in December.

That means that Keatts contract now runs through 2028, and not 2026.

Currently his salary is $2.7 million annually.

I’m not hoping this happens, but it’s worth noting. At any point, if NC State decides to fire Keatts, they have to buyout the remainder of his contract, to the tune of half of his annual salary, multiplied by the amount of remaining years on his contract.

So for instance (again, I’m not saying I want this to happen), if NC State were to decide to part ways with Keatts at the end of the upcoming season, the buyout due to him would be $6.75 million. Prior to the extension Keatts exercised, that buyout would have been $4.05 million.

There’s no denying that the NCAA Investigation has been a cloud over the Wolfpack Men’s Basketball program ever since Keatts arrived in Raleigh. There is also no denying that though the probation could have been worse, the punishment does infringe upon the coach’s ability to be as successful as possible. That’s why an addendum was added to Keatts contract last July.

Strictly from a financial standpoint, I completely understand why Keatts exercised the option. From a familial standpoint, Keatts’ son K.J. Keatts is a Freshman at NC State, as a walk-on member of the Men’s Basketball team. I also believe that Coach Keatts loves it at NC State, and believes he has a lot of unfinished business to take care of as the Wolfpack Men’s Basketball Coach.

 

Matthew is Co-Owner of Pack Insider. He writes for all sports, with a focus on football and recruiting, and is in charge of business strategy. He is an NC State alum who majored in business. Matthew is also the lead pastor of The Point Church in Cary, NC.

2 Comments
Subscribe
Notify of
2 Comments
newest
oldest most Upvoted
Inline Feedbacks
View all comments
packjet
packjet
3 months ago

First 33 years, 10 ACC titles, 2 national titles. Last 34 years no titles except losers. I talked to Yow years ago. She wanted to have a championship in basketball but they were not willing to go out and get a proven winner. They kept hoping some cheap coach could get the job done but alas they keep hiring people who can’t recruit 4 and 5 star recruits. Now we have a coach that can’t even get us to the NCAA tournament. I’m tired of all the excuses. We aren’t going to have competitive teams in our future. Pick a… Read more »

Papajohn
Papajohn
3 months ago

I think anyone would have taken the extension. Why not?
However, it won’t keep him employed here if he doesn’t show dramatic improvement this season.

NC State Basketball

NC State Individual ACC Stat Leaders Heading into FSU

Published

on

NC State will host FSU tonight at 9pm in PNC Arena on ACC Network. Here’s a look at the Wolfpack’s stat leaders heading into the matchup against the Seminoles.

Terquavion Smith is leading the ACC in scoring, averaging 18.5 points per game. Point Guard Jarkel Joiner ranks 5th, averaging 16.8 points per game. Smith also ranks 6th in assists (4.41) and 2nd in steals (1.73). Joiner and Smith both rank in the Top-10 in Assist/Turnover Ratio, with Joiner ranked 5th (2.24) and Smith ranked 9th (1.9)

    

Casey Morsell is shooting 3-pointers at a 43.1% clip, which ranks 3rd in the conference.

DJ Burns ranks 6th in the ACC in Field Goal Percentage, shooting 55%.

Continue Reading

NC State Basketball

NC State is a 9-Point Favorite Over Florida State Tonight

Published

on

NC State’s Men’s Basketball team is a 9-point favorite over Florida State tonight at home. Tipoff is at 9pm, and the game will be broadcast on ACC Network. The Total is sitting at 151.

  • NC State is 17-5 Straight Up.
    • They are 10-10-2 Against the Spread.
  • Florida State is 7-15 Straight Up.
    • They are 11-11 Against the Spread.
  • The Total has gone Over in 12 of NC State’s 22 games.
    • The Total has gone Over in 11 of Florida State’s 22 games.
  • NC State is 4-6-2 Against the Spread at Home
    • They are 11-1 Straight Up.
  • Florida State is 3-3 Against the Spread on the Road.
    • They are 2-4 Straight Up.
  • NC State is 13-1 as the Favorite.
    • FSU is 3-11 as the Underdog.
  • Florida State has won 8 of the last 10 games against NC State.
    • Each team is 5-5 Against the Spread over that span.
    • The Total has gone Over 6 times in the last 10 games between the two.
  • Florida State has won 5 straight games against NC State.
    • Kevin Keatts is 1-5 against FSU.

NC State 2022-23

(OddShark)

FSU 2022-23

(OddShark)

NC State vs. FSU

(TeamRankings)

Continue Reading

NC State Basketball

NC State Signee Trey Parker Dunks Over Two 7-Footers in Dunk Contest

Published

on

NC State 2023 signee Trey Parker might have cemented himself as one of the best high school dunkers EVER this past weekend in a dunk contest, dunking over two 7-footers. The second video below will show you all of Parker’s dunks in the contest. I can’t wait to see him dazzle the fans in Raleigh.

Continue Reading

NC State Basketball

NC State is 32nd in Week 13 AP Poll After Wins Over Notre Dame & Wake Forest

Published

on

NC State (17-5) moved up to #32 in the Week 13 AP Poll after beating Notre Dame and Wake Forest last week.

(ESPN)

ACC Teams in the Week 13 AP Poll

6. UVA

20. Clemson

23. Miami

30. UNC

32. NC State

34. Duke

39. Pitt

41. Wake Forest

NC State’s next game will be against FSU at home on Wednesday at 9pm.

Continue Reading