Texas regents give women’s basketball coach Schaefer 3-year contract extension

Head coach Vic Schaefer of the Texas Longhorns reacts against the Notre Dame Fighting Irish during the first half at Purcell Pavilion at the Joyce Center on Dec. 5, 2024, in South Bend, Indiana.
Head coach Vic Schaefer of the Texas Longhorns reacts against the Notre Dame Fighting Irish during the first half at Purcell Pavilion at the Joyce Center on Dec. 5, 2024, in South Bend, Indiana. Photo credit Michael Reaves/Getty Images

AUSTIN, Texas (AP) — The University of Texas System Board of Regents approved a three-year contract extension for women’s basketball coach Vic Schaefer through the 2029-2030 season on Thursday.

Schaefer, 63, is in his fifth season at Texas and has led the Longhorns to three Elite Eight finishes. Texas (26-2) is ranked No. 2 and tied for first in the Southeastern Conference as the Longhorns contend to be one of the four No. 1 seeds in the NCAA Tournament.

Schaefer’s current annual base salary of $2.3 million remains the same through the 2026-27 season, then goes up $100,000 each year of the extension to $2.6 million by 2030.

Schaefer is 135-34 at Texas. He also led Mississippi State to the Final Four in 2017 and 2018.

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Featured Image Photo Credit: Michael Reaves/Getty Images