Eric Musselman has signed a deal that could keep him in Fayetteville as head men’s basketball coach of the Arkansas Razorbacks through 2028. The five-year deal, signed Wednesday, raises his annual compensation to $4 million from $2.5 million. It includes two one-year, automatic extensions based on the Hogs making the NCAA tournament.
In his second season on the job, Musselman led the Hogs to a second place finish in the Southeastern Conference and the Elite 8 of the NCAA tournament, where they lost to eventual national champion Baylor, giving the Bears what would be their closest game of the tournament. Arkansas had not advanced past the second round of the NCAA tournament since 1996.
The Hogs went 20-12 in Musselman’s first season and were on the cusp of the 2020 NCAA tournament before COVID-19 forced an abrupt halt to college basketball and other sports.
Musselman’s new contract, which includes other compensation and incentive payments based on how much the team wins, makes him the sixth-highest paid coach in college basketball, according to USA Today.
In a statement released Wednesday, Musselman confirmed his commitment to Arkansas.
“Arkansas is one of the premier programs in the nation and my family and I are ecstatic to be here,” he said. “I am grateful for the commitment the university is making to me, my family and the future of our basketball program. I have tremendous pride in being a Razorback and it is an honor to represent the state of Arkansas. Our staff remains focused on winning basketball games and building our roster for the future. We look forward to continuing to build on the foundation we have established in our first two seasons in an effort to achieve even greater success for our program, our university and Razorback fans everywhere.”