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Arizona Board of Regents approves men's basketball coach Tommy Lloyd's 5-year extension

TUCSON, Ariz. -- Arizona basketball coach Tommy Lloyd has agreed to a five-year contract extension through 2027 following a successful first season in the desert.

The Arizona Board of Regents on Thursday approved the contract, which gives Lloyd a $1 million raise next season and includes $19 million in total compensation.

The contract increases Lloyd's base salary from $1.9 million to $2.9 million in 2022-23. He also will receive $100,000 escalators each year after that.

Lloyd will continue to get $700,000 per year in additional duties compensation.

A former longtime assistant to Mark Few at Gonzaga, Lloyd had a successful first season at Arizona, earning Associated Press national coach of the year honors after leading the Wildcats to a 34-3 record and a trip to the Sweet 16.

Arizona won the Pac-12 tournament and was the first team in league history to win 18 conference games. The Wildcats reached No. 3 in the AP Top 25 and were a No. 1 seed in the NCAA tournament.