LUBBOCK, Texas -- Bob Knight agreed to a three-year contract
extension that will keep the basketball coach at Texas Tech until
Athletic director Gerald Myers told The Associated Press on
Wednesday the agreement probably will be signed next week. Knight's
contract pays him $250,000 a year and runs through May 2006.
Knight needs 48 victories to overtake Dean Smith (879) as the
winningest coach in Division I. He has led Texas Tech to three
consecutive season of at least 20 wins and taken the Red Raiders to
postseason play each year.
"I'm pleased with the direction of our program," Myers said.
"He's done a great job turning everything around. I think the
future really looks good for us."
Knight is on vacation in Canada and was unavailable to comment
"I look forward to doing this a long time," Knight said in
Wednesday's edition of the Lubbock Avalanche-Journal. "This is the best possible
situation for me as long as I coach."
He will begin his fourth season at Tech -- his 39th overall --
with 832 wins. He is the victory leader among active coaches
following the retirement of Jim Phelan of Mount St. Mary's in 2003.
Knight was hired by Texas Tech in 2001, six months after he was
fired by Indiana for what then-school president Myles Brand called
his "pattern of unacceptable behavior."
Knight has acknowledged that he is working on his temper, though
there have been a couple of incidents. In February, he was
reprimanded for a loud public outburst at the university's
chancellor. In 2002, Knight and the general manager of the Compaq
Center in Houston exchanged words after Knight complained about the
On the court, Knight has led the Red Raiders to three
consecutive seasons of at least 20 wins and postseason appearances
-- a feat never before achieved at the school. Before his arrival,
Tech hadn't had a winning season in four years. Tech is 68-33 under
Knight's current five-year contract is worth $4.5 million. In
addition to the $250,000 in base pay, he was given $150,000 in
deferred annual income and $500,000 in guaranteed outside income
through May 2006.
Near the end of his second season at Tech, Knight announced he
was returning his salary because he hadn't done a very good job,
and neither had his team.
He also turned down his salary his first season at Tech but for
a different reason. Citing his gratitude for being hired, Knight
accepted only the $15,000 needed to qualify for Tech benefits after
offering to work for free.