Murray State and coach Steve Prohm have agreed to a contract extension, the school announced on Friday. The extension runs through 2020 and will raise Prohm's annual pay to $500,000, according to the school.
Prohm has led Murray State to a 104-29 record and one NCAA tournament appearance over four seasons.
"I want to thank Murray State President Dr. Bob Davies and Director of Athletics Allen Ward for their commitment to me and the Racer Basketball program over the next several years," Prohm said in a news release. "We have an opportunity to do something really special here and I'm honored to be a part of it."
"Since the day I was named Murray State's president, I've been inundated with messages from Racer fans with high hopes that we'd find a way to keep Coach Prohm around," said President Dr. Bob Davies. "Racer basketball is an incredible marketing tool and having a highly successful and respected leader at the helm is imperative. Steve's very deserving of the package we've put together to keep him at Murray State."
This season the Racers went undefeated (16-0) in conference play, won 25 consecutive games between November and March and finished 29-6. Murray State failed to win the Ohio Valley Conference's automatic tournament bid when it was upset by Belmont in the conference tournament championship.
Though Prohm argued that the Racers deserved to be included in the 68-team field as an at-large team, they were ultimately slotted as a No. 3 seed in the National Invitation Tournament. Murray State's season ended earlier this week, when it fell to Old Dominion in the quarterfinals of the NIT.