NC State’s Kevin Keatts: From Hot Seat to Overflowing Pockets

NC State Men’s Basketball Coach Kevin Keatts was on the hot seat heading into the ACC Tournament, with his team ranked 10th in the ACC, and an overall record of 17-14.

After winning 5 games in 5 days in the ACC Tournament to win the Wolfpack’s first championship since 1987, and 4 straight games in the NCAA Tournament to advance to the Final Four for the first time since 1983, his seat is cold as ice.

As a result of winning the ACC Tournament, a 2-year extension was triggered, extending his contract through 2030, and his annual compensation was increased by $400,000. He also received a $100,000 bonus for winning the ACC Tournament.

For advancing to the Final Four, Keatts received a bonus of $200,000, and an additional $100,000 increase to his annual salary. (Reaching the Final Four has the ability to trigger a 2-year contract extension, but the contract can only be extended by 2 years in a single season.)

After finishing 10th in the Final AP Poll yesterday, Keatts received a final bonus of $100,000.

In total, Keatts received $400,000 in one-time bonuses for the Wolfpack’s miracle run through March, a 2-year contract extension through 2030, and $500,000 added to his annual salary (from $2.7 million to $3.2 million).

(WRAL)