Louisville has given Rick Pitino a five-year contract extension that will keep the coach with the Cardinals through the 2021-22 season.
His $3.9 million base salary remains the same, but he will earn a $600,000 retention bonus every other year from 2014 to 2022.
The deal includes incentives for being chosen AP national coach of the year ($100,000) and winning the Big East Conference regular season title ($50,000).
Pitino, 60, is coming off his second Final Four appearance with the second-ranked Cardinals, who open exhibition play Thursday against NAIA Pikeville. He led rival Kentucky to the 1996 NCAA title and Providence to the 1987 Final Four.