IOWA CITY, Iowa — Hawkeyes coach Fran McCaffery signed a four-year contract extension through 2027-28 on Monday after leading the eighth-ranked Hawkeyes to the Big Ten tournament semifinals and their highest NCAA tournament seeding since 1987.
The Hawkeyes are 21-8 and finished third in the Big Ten regular season at 14-6. They’ve been ranked in the top 15 every week this season and peaked at No. 5 last week. The team is a No. 2 seed in the NCAA tournament and will play Grand Canyon on Friday in Indianapolis.
McCaffery’s annual base salary of $2.3 million for the next two seasons will remain unchanged. He took a 15% pay cut for this year to help the athletic department offset shortfalls caused by the pandemic. He is on track to receive longevity bonuses at the end of the next two seasons.
His annual salary will increase each of the last five years of the deal. Those increases were not announced.