Following a 79–71 victory that lifted Mizzou to 24–8 and the SEC Tournament semifinals for the first time in school history, Missouri announced a pay raise and contract extension dennis gates,
The deal now runs through 2028–29 and moves Gates’ guaranteed annual salary from $2.6 million to $4 million next year. It includes an automatic $100,000 raise each year, as was the original contract, meaning he will earn $4.5 million in the final year of the deal.
“” Thank you Board of Curators, Chairman mun choi And Desiree Reed-Francois for this opportunity to continue to lead Missouri basketball, Gates said in a release from the school. “Columbia City is my home, my family loves it and I wouldn’t want to live anywhere else. My staff has done a tremendous job to support my dream building on the great tradition of Mizzou. I love being a Tiger and working for this amazing institution I take pride in coaching.”
The annual salary increase moves Gates from 12th to 6th among SEC coaches. The agreement also significantly increases the security of Gates’ stay in Colombia. Hiring him immediately increases the purchase of another school from $14 million to $25.5 million. Each year, the buyout amount for the full amount of guaranteed salary remaining on the contract.
Gates was hired by Missouri on March 22 last year to replace cuonzo martin, who was fired by the Tigers after going 12–21 in his fifth year and missed the post-season for the third time in five seasons. He immediately rebuilt the roster, bringing in ten new players while holding off senior Kobe Brown and previously signed recruit Aiden Shaw. Brown was named to the All-SEC first-team and was the conference’s Scholar Athlete of the Year with a career-high shooting percentage from the field after averaging 15.9 points, 6.2 rebounds, 2.5 assists and 1.5 assists per game, three- point line and free throw line.
In his first season, Gates led the Tigers to an 11–7 record in league play, earning a four seed in the conference tournament, Missouri’s highest in the SEC in over a decade. The team is now 24-8 and will face Alabama on Saturday afternoon in the SEC Tournament semifinals. Missouri is a lock for the NCAA tournament, although the field will not be officially announced until Sunday evening.
“We are on the upswing with Coach Gates leading our men’s basketball program,” Reid-Francois, Mizzou’s director of athletics, said in the release. “We’ve seen immediate results from the program through wins on the court, record-setting numbers in the classroom and the excitement we’ve generated in our community. Coach Gates has spoken candidly about his goals of winning a championship and hanging the banner at Mizzou Arena And I believe we are on that path under his leadership.”
“When he came here, Dennis Gates talked about building a championship culture, and he’s doing just that,” Michael Williams, added the chairman of the board of curators. “He is someone with high standards and a clear vision for our student athletes. This has been an extraordinary season, and the board is very excited to see our program build on this success.”
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