Arizona menβs basketball coach Tommy Lloyd will get a $1 million raise, earning a total school-paid package of $3.6 million next season, if the Arizona Board of Regents approves a new five-year contract during its meeting next Thursday in Flagstaff.
Saying it wanted to rework Lloydβs contract after his βoverwhelmingly successfulβ first season with the Wildcats, who went 33-4 and earned a No. 1 NCAA Tournament seed, the school proposed bumping Lloydβs base salary from $1.9 million to $2.9 million in 2022-23.
Lloyd will continue to receive an extra $700,000 for non-coaching duties, giving him a total school-paid annual compensation of $3.6 million next season. He also is scheduled to received about $200,000 each from Nike and IMG, for a total guaranteed package of about $4 million.
According to USA Todayβs coaching database, a $4 million package would have ranked 11th highest nationally last season.
As with his initial contract, which had the same terms that former UA coach Sean Miller was scheduled to receive, Lloyd is also scheduled to receive $100,000 salary escalators every season. That means heβll earn school-paid package of $3.7 million in 2023-24 up to $4.0 million in the final season of 2026-27.
However, it will cost Lloyd more if he decides to leave UA early. Proposed new buyout terms say Lloyd will have to pay the school $12 million if he leaves before the end of the 2023-24 contract year, while the initial agreement called for only a $5 million buyout if he left within his first two seasons.
Lloyd will have to pay $6 million if he leaves in the third year of the contract, and $2 million if in the fourth, fifth or in any additional years that might be given to him if NCAA sanctions hit the program.
UA, meanwhile, said it would pay Lloyd fully for his base salary and additional duties compensation through the length of the agreement if it fired him without cause, except it would pay only 80% of the amount owed for any additional years given as a result of NCAA sanctions.
If Lloyd is fired without cause, UA would pay him only to the date of termination and he would owe a $200,000 penalty if he violated NCAA or Pac-12 regulations plus the amount of any performance bonuses earned during the violation period.
A longtime assistant at Gonzaga, Lloyd was hired to take over the Wildcats in April 2021, after the school fired Miller in the wake of years-long FBI and NCAA investigations. Under Lloydβs initial contract, UA was scheduled to pay Lloyd only 65% of his remaining salary and peripheral duties pay through the length of his contract if he was fired without cause.
βThis modification of financial terms demonstrates Lloydβs and UArizonaβs commitment to each other and commitment to the success of the menβs basketball program,β UAβs proposal to the Regents said.
As with his initial contract, UA said it would propose a sixth year for Lloyd if NCAA sanctions stemming from actions before his arrival result in a postseason ban, the loss of two or more scholarships or other βmaterial restrictionsβ in recruiting for a year.
Under the new proposal, a sixth year now would come with a school-paid package of $4.1 million. UA said a second extra contract year at $4.2 million would be proposed if the sanctions are handed down for more than one year.
UAβs proposed academic and performance bonuses for Lloyd remain unchanged. He earned a total of $285,000 in performance bonuses last season, including $40,000 for winning a major national coach of the year award.
While leading UA to Pac-12 regular-season and tournament titles and national rankings as high as No. 2 in his first season as a head coach, Lloyd picked up national coach of the year honors from the Associated Press, National Association of Basketball Coaches and United States Basketball Writers Association.
In its proposal to the board, UA said it wished to rewrite Lloydβs contract βbased on Lloydβs overwhelmingly successful first season as menβs basketball coach.β It also credited him for the development of Pac-12 award winners Bennedict Mathurin, Christian Koloko, Azuolas Tubelis and Dalen Terry.
In addition, UA said it was βnot aware of any issues negatively affecting Lloydβs continued employability, including but not limited to NCAA violations, claims or litigation related to his prior employment as an assistant coach, allegations of wrongdoing, or significant press controversies.β
The full breakdown of UAβs proposed contract for Lloyd:
<&rule>
Guaranteed pay
<&rdpEm>(Includes base salary plus $700,000 annually from Arizona for peripheral duties, including speaking engagements and promotional activities. Also includes separate agreements with Nike and IMG for about $200,000 each.)</&rdpEm>
<&rdpStrong>2022-23:</&rdpStrong> $4.0 million
<&rdpStrong>2023-24:</&rdpStrong> $4.1 million
<&rdpStrong>2024-25:</&rdpStrong> $4.2 million
<&rdpStrong>2025-26:</&rdpStrong> $4.3 million
<&rdpStrong>2026-27:</&rdpStrong> $4.4 million
<&rule>
Academic bonuses<&rdpStrong> </&rdpStrong>
<&rdpStrong>Multi-year APR (retention and eligibility metric):</&rdpStrong>
<&rdpStrong>971 or above:</&rdpStrong> $25,000
<&rdpStrong>1000:</&rdpStrong> $50,000
<&rule>
Cumulative GPA
<&rdpStrong>3.00-3.29:</&rdpStrong> $125,000
<&rdpStrong>3.30-3.68:</&rdpStrong> $175,000
<&rdpStrong>3.69 or above:</&rdpStrong> $200,000
<&rule>
Performance bonuses
<&rdpStrong>Pac-12 regular season title:</&rdpStrong> $50,000
<&rdpStrong>Pac-12 Tournament title:</&rdpStrong> $50,000
<&rdpStrong>NCAA Tournament (highest amount only):</&rdpStrong>
$25,000 for second-round appearance
$75,000 for Sweet 16
$125,000 for Elite Eight
$300,000 for Final Four
$800,000 for NCAA title
</&rdp>
<&rule>
Final AP or coaches poll ranking (highest amount only)
<&rdpStrong>Between Nos. 11-15:</&rdpStrong> $20,000
<&rdpStrong>Top 10:</&rdpStrong> $30,000
<&rule>
Regular-season wins
<&rdpStrong>Between 20-24:</&rdpStrong> $20,000
<&rdpStrong>25 or more:</&rdpStrong> $40,000
<&rule>
Extras
<&rdpEm>(Not specified in new proposal; the following were the terms for Lloydβs initial contract in April 2021)</&rdpEm>
One courtesy car
Eight football season tickets and use of stadium suite
10 basketball season tickets
Five womenβs basketball season tickets
Five Wildcat sports passes
Use of country club that is a UA partner
15 air charter seats and game tickets for postseason games in which charter travel is used
Seats for family at road games and one additional hotel room for in-season road trips
45 hours of noncommercial (charter) jet use for recruiting and other business activities
</&rdp>
<&rule>
Salary pools
$1.05 million for three assistant coaches.
$285,000 for other staffers (operations, on-campus recruiting and analytics). Does not include administrative assistants, managers and graduate assistants.
</&rdp>
