North Carolina State and Mark Gottfried have agreed to a new six-year contract, according to Sports Illustrated. The new contract will make Gottfried the third-highest paid coach in the ACC, at $1.95 million a year. The contract runs through the 2017-2018 season.
Gottfried automatically earned a two year extension by virtue of the Wolfpack's NCAA tournament appearance in 2012. His salary remains at $750,000, but his supplemental compensation will rise from $450,000 to $1.2 million.
The Wolfpack won 24 games in 2011, Goffried's first season in Raleigh. They also made it to their first NCAA Tournament Sweet Sixteen since 2005. NC State athletic director Debbie Yow spoke glowingly of Gottfried:
Athletic director Debbie Yow says Gottfried's "competitive and recruiting success has accelerated our vision of excellence in an impressive way."