Dan Hurley, UConn agree to new 6-year, $50M contract following 2nd straight national title, offer from Lakers

GLENDALE, ARIZONA - APRIL 08:  Head coach Dan Hurley of the Connecticut Huskies addresses the media after the National College Basketball Championship game against the Purdue Boilermakers at State Farm Stadium on April 08, 2024 in Glendale, Arizona.  (Photo by Mitchell Layton/Getty Images)
UConn Huskies head coach Dan Hurley has signed a new six-year deal with the school that's worth upward of $50 million. (Photo by Mitchell Layton/Getty Images)

UConn men's basketball head coach Dan Hurley, fresh off a second straight national title and an opportunity to become head coach of the Los Angeles Lakers, has gotten a brand new commitment from the school. And it comes with brand new money.

UConn announced Monday that Hurley has signed a new six-year, $50 million contract. It will keep Hurley in Storrs through the 2029-2030 season, and he can also earn performance-based incentives.

UConn, a publicly funded university, revealed the full details of Hurley's contract. He will make a base salary of $400,000, presumably for actually coaching the team, and will receive "additional compensation" of $6.375 million for "speaking, consulting and media obligations." That additional compensation will increase every year, and he will also receive a yearly $1 million "retention bonus."

That's quite a bit more money than Hurley was making before. Just last year, he signed a six-year, $32.1 million contract with UConn, but UConn isn't footing the bill for the salary increases. They're being covered through "the generosity of donors to the Husky Athletic Fund," as well as increased ticket sales revenue.

"It's an honor to coach basketball at UConn and to represent this world class institution and the great state of Connecticut," Hurley said via the Huskies' official website. "We are extremely proud of the championship program that we have rebuilt for our supporters and fans. We will continue to obsessively pursue championships and historic success, while continuing to develop great young men. Bleed Blue!"

Hurley, 51, has a 141-58 record over seven seasons with the Huskies, and a 292-163 record over 15 years of collegiate level coaching. This new contract, worth $17.9 million more than the old one, reflects Hurley's recent success with the Huskies after leading them to back-to-back NCAA championships, and rewards him for his loyalty. He turned down an offer from the Lakers last month to become their head coach, which was reportedly worth $70 million.