CHARLOTTESVILLE, Va. (AP) -The University of Virginia says new men's basketball coach Tony Bennett has agreed to ``a memorandum of understanding'' that will be pay him $1.7 million annually for five years.
Virginia also said Tuesday that Bennett will receive a $500,000 signing bonus and another $500,000 if he stays five years.
The 39-year-old Bennett was hired Monday after three years at Washington State. He had a 68-30 record with the Cougars and twice took Washington State to the NCAA tournament.
He was named the AP's coach of the year in 2007.
Bennett replaces Dave Leitao, who resigned March 16 after compiling a 63-60 record over four seasons. Leitao received a buyout of approximately $2.1 million.
The press conference is scheduled to begin at 1 p.m.

NCAAB Headlines

NCAAB Top Stories

Thumbnail Bridges staying, MSU now favored With the announcement of Miles Bridgesreturning to Michigan Statenext season, the Spartans have now emerged as the favorite to win the NCAA Tournament...
Thumbnail 2018 NCAA Championship Odds The NCAA Tournamentfor 2017 concluded last night, so now it’s time to take a closer look at what the 2018 Tournament may produce.
Thumbnail Gonzaga vs. UNC Prediction Will Gonzaga pull off the small upset tonight when it takes on North Carolina in the NCAA Tournament Championship Game at 9:20PM ET?
Thumbnail Tournament MOP Odds With the NCAA Tournamentdown to its final game, here is a look at which North Carolinaand Gonzagaplayers are among the favorites to win Most Outstanding...
Thumbnail NCAA Title Game Over/Under Prediction Will tonight's Gonzaga and North Carolina NCAA championship game at 9:20PM ET be high-scoring for bettors?

NCAAB Team Pages