Rhode Island Basketball: URI, Dan Hurley Agree to Contract Extension Through 2023-24

The news that Rhody fans have been waiting for is here: The Rhode Island Rams and Dan Hurley have agreed to a contract extension.

The “Dan Hurley to Georgetown” rumors (to the extent that there were any) seemingly ended ages ago. And around that same time, news of a contract extension for Rhody’s front man was reported. At long last, that extension has arrived. URI and Hurley have agreed to a new contract that runs through 2023-24, per an official release.

There weren’t any terms — other than fact that it’s a two-year extension — listed in the official release. But the Providence Journal was able to glean some extra insight.

Hurley’s base salary of $300,000 remains intact, and his annual compensation by the end of the deal will be nearly $1.1 million.

*snip*

URI benefits in the form of increased buyout amounts through the life of the deal. The school would be entitled to a maximum payment of $1.5 million after the 2017-18 or 2018-19 seasons, $1.2 million through the following three seasons and $500,000 through the final two if paid in equal monthly installments. … Hurley’s previous buyout called for $1.2 million in 2017-18 and 2018-19.

*snip*

…there are no specific program enhancements in the new deal. An increased number of charter flights, an increased salary pool for basketball staff and renovations to basketball offices and the locker room had been staples of previous contract extensions for Hurley. But URI appears to have reached its limit regarding its basketball budget.

Yes, contract extensions amount to little more than a “renewal of vows” of sorts between coach and school. Still, it’s nice to see this, and it’s nice to hear Rhody reaffirm their commitment to Dan Hurley. Now let’s commence the countdown to November.