According to Mike Harris at VCU, the university announced today that it has reached an agreement in principle to extend (it now runs through the 2013-14 season.) and upgrade the terms of Anthony Grant's contract.
The Richmond Times-Dispatch's unnamed sources have said what follows about what compensation Grant will receive:
“...$700,000 with an annuity of $100,000. Perks and performance bonuses could push Grant’s paycheck past $850,000.”
Click here to read the article.
“I am thrilled that we are extending Anthony’s contract, as well as providing him an increased financial package,” VCU's athletic director Norwood Teague said. “His impact on our basketball program has been outstanding and it is our intention for Coach Grant to serve as our head men’s basketball coach for many years.”
VCU's president Dr. Eugene Trani said, “Coach Grant has had a significant positive impact on the entire university, not just athletics. We have tremendous confidence in what he will be able to do going forward.”
“My family and I are extremely grateful for the confidence and commitment shown to us by Dr. Trani, Norwood and the entire VCU and Richmond communities,” Grant said. “I am excited, honored and privileged to be a part of the present and future of VCU and the City of Richmond.”“Coaches the caliber of Anthony Grant are rare,” Teague said. “We’re glad to have him and we look forward to a long association with him.”
-- Photo by F.T. Rea