Arizona State, Hurley agree to 1-year contract extension

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(Source: AP) (Source: AP)

Arizona State and basketball coach Bobby Hurley have agreed to a one-year contract extension that increases his compensation and runs through 2023.

[RELATED: Holder, Evans lead No. 21 Arizona State past Colorado, 80-66]

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The Arizona Board of Regents must approve the contract.

Hurley will receive a raise of $700,000 to $2.1 million this July and a signing bonus of $700,000 within 45 days of the contract's approval. He will receive raises of $100,000 in 2019 and 2020, $200,000 in 2021.

Hurley also will get a $1 million retention bonus on Jan. 1, 2022.

Arizona State reached No. 3 in the AP Top 25 this season, matching the program's highest ranking, after going 12-0 in nonconference. The Sun Devils (16-5) have stumbled a bit in Pac-12 play at 4-5, but are in position for their first NCAA Tournament appearance since 2014.

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