Report: Billy Donovan signed 3-year Florida extension last month

Tuesday March 25th, 2014

Coach Billy Donovan and his Florida Gators basketball team lost to UConn, 65-64. (AP) Coach Billy Donovan has Florida in the Sweet 16 for the fourth straight season. (AP)

Billy Donovan's much speculated future at Florida appears more certain after a Florida Today report reveals the Gators basketball coach signed a three-year extension last month.

Per the report, Donovan agreed to terms last summer, but the deal that will keep him under contract through 2018-'19 -- was not finalized and executed until February.

Donovan's extension paid him a $250,000 longevity bonus before March 1 and increased his base salary nearly $100,000 a season. The bonus will raise Donovan's pay to $3.9 million this season and he will make $3.681 million in each of the next five years.

DAVIS: NCAA tourney Hoop Thoughts

Donovan, who will be 49 in May, finished his 18th season at Florida and has the No. 1 seed Gators playing in the Sweet 16 for the fourth consecutive year. He trails only Adolph Rupp in SEC career coaching victories and his 33 career NCAA tournament wins are the most in SEC history. Donovan recently admitted that coaching in the NBA intrigued him. He briefly took the Orlando job in 2007 before quickly changing his mind. That change of heart gave Florida reason to include a non-compete clause that prohibited Donovan from coaching in the NBA for five years. With that clause having expired prior to this season, Donovan had been linked to NBA teams with potential openings.

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