The Colorado State Rams elected to extend head coach Larry Eustachy Friday night. The deal does not add any raise in compensation for Eustachy, but it just extends his current contract through the 2018-19 season. Eustachy is entering his third season in the Mountain West and this year he is earning $928,200 and he gets a two percent raise on his base salary every year.
By the end of this extension, Eustachy would make $1.005 million before any incentives or bonuses. His buyout does not change as it remains at $4.5 million through the 2017-18 season and then it would drop to just $2.25 million the following year.
This is also the first of three contract extensions that are built in Eustachy's contract, and her are those details per the Coloradoan:
This is the first of three extension options in Eustachy's original contract, through the 2017-18 season. Beginning 60 days prior to June 30, 2015, CSU can extend his contract through 2019-20, and the following year, they can seek to keep him through 2020-21.
Eustachy has done a very good job ever since taking over for Tim Miles who took over the vacant Nebraska job three years ago, and in his first year at Colorado State he led the Rams to 26 wins and a NCAA tournament berth.
He is also the second highest paid coach in the Mountain West and only trails New Mexico's Craig Neal who makes $950,000 per year after he received his own new contract this summer. San Diego State's Steve Fisher is just behind Eustachy and makes $926,000, but after a recent three-year deal he will become the leagues highest paid coach at $972,300 come the 2015-16 season.