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Associated Press photo by Chuck Burton -- LSU coach Johnny Jones answers a question during the Southeastern Conference men's basketball media day Wednesday in Charlotte, N.C.

LSU men’s basketball coach Johnny Jones is set to receive a two-year contract extension through the 2018 season and a raise of $400,000.

A request for the raise and extension will be made at the LSU Board of Supervisors’ meeting Friday, according to a copy of the board’s agenda. The board’s approval is generally viewed as a formality.

Jones’ 36 percent raise would push his salary to $1.5 million a year. Jones can make as much as $2.1 million if he fully meets academic and postseason incentives.

Jones’ $1.1 million salary was tied for 12th in the Southeastern Conference with Arkansas’ Mike Anderson, according to The Columbia Tribune. According to statistics from USA Today, John Calipari is the highest paid coach in the league making $5.5 million a year with Florida’s Billy Donovan following him at $3.9 million.

“I’m excited and very appreciative that our athletic director and vice chancellor, Joe Alleva, and president F. King Alexander have seen constant improvement in our program and realize that stability is important,” Jones said Wednesday at SEC media days in Charlotte, North Carolina. “My family and I are extremely excited about the opportunity to keep moving the program forward.”

Jones, 53, is heading into his third year as coach of the Tigers. LSU went 19-12 in his first season and finished 20-14 last year in a run to the National Invitational Tournament second round.

The Tigers were picked to finish fourth in the SEC this season.

Jones’ new contract will run to June 30, 2019, and his raise is being funded “from revenues generated by the athletic department,” the board’s agenda says.

Follow Ross Dellenger on Twitter @DellengerAdv.