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

More inNCAAB News  

NCAAB Top Stories

Thumbnail Simmons-less Tigers begin new chapter The Ben Simmons Experience, at least collectively, ultimately went down as a major disappointment for LSU. With head coach Johnny Jones feeling the heat, can...
Thumbnail Cardinals to attack ACC all over again Louisville’s 2015-16 campaign couldn’t have ended on a more ignominious note. This year, however, essentially begins in paradise.
Thumbnail Michigan State ready to get back to business The preliminary matchups for the 2016 Battle 4 Atlantis were revealed yesterday, with Michigan State set to take on St. John’s in the first of three...
Thumbnail Trimble returning to Maryland The Maryland Terrapins got some good news last week as Melo Trimble announced he will be returning to the team for his junior...
Thumbnail Texas to contend in 2016-17? Now with a year at Texas under his belt, can Shaka Smart expect bigger things from the Longhorns in 2016-17?
More inNCAAB Articles  

NCAAB Team Pages