New OSU Basketball Coach Brad Underwood Gets 5-Year, $6.3 Million Contract

New Oklahoma State basketball coach Brad Underwood will make a total of $6.3 million the next five years with a salary starting at $1 million for 2016-17.

The contract was approved Friday during a Board of Regents meeting Connors State College in Warner.

Underwood's salary will peak at $1.6 million in 2020-21, not including incentives. The incentives include $25,000 for Big 12 Coach of the Year, $50,000 for a Big 12 regular-season title, $35,000 for a Big 12 Tournament title, $35,000 for an NCAA Tournament appearance and $40,000 for NCAA Tournament wins.

The board also approved a settlement that would pay former coach Travis Ford a lump sum of $3.9 million. The new Saint Louis coach was owed $7.2 million for the three remaining years on his deal.