GAINESVILLE -- Florida basketball coach Billy Donovan signed an amended, one-year contract extension through the 2020 season, the Gainesville Sun reported Wednesday.
The contract -- signed in December -- pushes Donovan’s annual salary to $4 million, as he remains the sixth-highest paid coach in college basketball.
The Gators are fresh of a disappointing 2014-15 season (16-17), missing the postseason for the first time since Donovan’s inaugural year at Florida.
Still, Donovan, who turns 50 on May 30, has built Florida into a national powerhouse, winning a pair of NCAA Championships in 20 seasons in Gainesville. He’s led UF to four Final Fours, six SEC Championships and 14 NCAA Tournament appearances.
According to the finalized deal -- initially agreed upon last summer -- Donovan’s bonus structure remains the same and his buyout is only $500,000.
Meanwhile, the Donovan-to-NBA rumors won’t go away. Two weeks after reporting Donovan will “give renewed consideration” to the NBA, ESPN’s Marc Stein wrote Thursday that Donovan is now “looking to make the jump to the NBA more than ever before.”
Earlier Thursday morning, Louisville coach Rick Pitino -- Donovan’s former college coach and trusted mentor -- seemingly legitimized the rumors by bringing up Donovan's name on ESPN Radio’s “Mike & Mike" during a conversation on college coaches transitioning to the NBA
“I don't recommend it for college coaches to do that unless they know what it's all about," Pitino said.
"I take someone like Billy Donovan. I think Billy has looked at it, I think he has an urge to coach in the NBA -- a strong desire to coach in the NBA -- and would like to try it, very similar to Brad Stevens, who is doing a wonderful job with the Celtics. I think people like that with that type of personality will do very well."
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