Wednesday, May 29, 2013

THE UNIVERSITY OF MINNESOTA HIRES RICHARD PITINO TO REPLACE TUBBY SMITH AS HEAD MEN'S BASKETBALL COACH

Richard Pitino has been named the head men's basketball coach of the University of Minnesota. Pitino replaces Tubby Smith, who was fired March 25.  

According to Amelia Rayno of the Minneapolis Star Tribune, “Pitino has a six-year contract worth $1.2 million annually. That's split into $500,000 base salary and $700,000 in guaranteed supplemental compensation. Pitino will owe Minnesota $1.5 million to get out of his contract before May 1, 2016. For Minnesota to buy out his contract, it would owe one half of his base plus supplemental pay.”


Pitino coached at Florida International University for one season and had a record of 18-14. Minnesota is his second head coaching job.
 

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