COLUMBIA, S.C. — The South Carolina basketball programs had their greatest seasons in school history and for it the two coaches are reaping the reward.
Frank Martin and Dawn Staley both are up for new contracts, approved by the University of South Carolina board of trustees on Friday afternoon.
Martin received a one-year contract extension through the 2023 season, increasing until he earns $3.3 million in the final year of the deal. Martin led the South Carolina men’s team to the first Final Four in program history, doubling the all-time NCAA Tournament wins from four to eight in a single tournament. South Carolina tied a school-record 25 wins this season, matching the total from a season earlier.
Martin also will receive $50,000 annually for four years into a special retirement plan, which he will only receive if he remains the head basketball coach at South Carolina on March 31, 2021.
Staley received a four-year contract extension, taking her through the 2025 season. In the final year of the deal, Staley is scheduled to be paid $2.1 million. Staley led the South Carolina women’s basketball program to the first national championship in program history. The Gamecocks have won four straight SEC regular-season titles, three straight SEC Tournament titles and reached the Sweet 16 in each of the past four seasons.
Martin signed a four-year contract extension in April 2016, pushing his contract through 2022 and raising his annual salary from $2.1 million to $2.45 million. His buyout also was increased to $4.8 million and will decline to $3.5 million next year.
Martin originally signed a six-year contract in 2012 when he arrived at South Carolina after five years at Kansas State.
Staley signed an extension after South Carolina reached the Final Four for the first time in program history. She made $1.125 million last season, also netting $500K in bonuses. Under her previous contract, Staley was scheduled to make $1.15 million next season and $1.225 million in the final year of the deal.