New Virginia Tech head basketball coach Mike Young was introduced at Cassell Coliseum Monday morning to a crowd of about 200 people, plus local media. A copy of the outline of his contract was distributed, and here are the figures contained in it.
| Date | Annual Compensation | Coach Buyout | VT Buyout |
| April 7, 2019 | $2 million | $3 million | $7 million |
| April 1, 2020 | $2 million | $1.5 million | $5 million |
| April 1, 2021 | $2.25 million | $750,000 | $3.5 million |
| April 1, 2022 | $2.50 million | $500,000 | $2 million |
| April 1, 2023 | $2.75 million | $0 | $1 million |
In addition, the following incentives will be included in the contract:
- ACC Coach of the Year: $100,000
- National Coach of the Year: $250,000
- Regular Season ACC Championship: $250,000
- ACC Tournament Championship: $100,000
- Top-4 ACC Regular Season Finish: $50,000
- Top-8 ACC Regular Season Finish: $25,000
- NCAA Round of 68 Appearance: $100,000
- NCAA Round of 32 Appearance: $150,000
- NCAA Sweet 16 Appearance: $200,000
- NCAA Final Four Appearance: $250,000
- NCAA Tournament Championship: $500,000
In addition, the following academic achievements receive bonuses:
- APR of 970-979: $25,000
- APR of 980-989: $50,000
- APR of 990 or higher: $60,000
- Team Collective GPA of 2.70-2.79: $25,000
- Team Collective GPA of 2.80-2.99: $30,000
- Team Collective GPA of 3.0 or higher: $50,000
According to the USA Today College Basketball Coaching Salaries database, the compensation of $2 million would place Mike Young No. 56 in the nation and No. 11 in the 15-team ACC, ahead of Danny Manning (Wake Forest), Josh Pastner (Georgia Tech), and Jim Christian (Boston College), with Jeff Capel's (Pittsburgh) salary unknown.
For comparison's sake, Buzz Williams, per this article on his last contract extension, was set to make $3 million in 2019-20, which is No. 21 in the nation and No. 5 in the ACC.
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