Will Wade, LSU’s new basketball coach, joshed a bit with the LSU Board of Supervisors who then voted Friday without objection or debate to bump his pay 67 percent to $2.5 million a year.
The six-year deal is worth $15 million.
Wade promised the 16-member board to make the LSU basketball program nationally relevant and bring top tier opponents to Baton Rouge. He also reported, “We’ve been able to attract some very good players."
The contract does not include a buyout. Wade, 34, would owe the school his remaining salary if he was to leave for another job, and the school would owe him the entire amount if he were to be fired.
Wade will make $1 million more than what he was due this coming season at his previous school, VCU in Richmond. His $2.5 million annual salary is $1 million more than what former coach Johnny Jones made in 2016-17.
Wade's contract also calls for $150,000 more in academic and athletic incentives than Jones' deal did. Wade's total incentives package is worth $800,000. The additional incentives include recognition for national and conference coach of the year awards
After the 2015-16 season, Wade received an eight-year contract from VCU that paid him $1.4 million in base salary and supplemental pay as well as incentives that totaled $140,000 this season, according to the Richmond Times-Dispatch.
LSU Board also approved a pay raise for DD Breaux, making her the second highest paid gymnastics coach in the country with an increase from $240,000 annually to $275,000.