Gophers men’s basketball coach Niko Medved is set to receive a one-year contract extension, pending Board of Regents approval this week.

Medved’s deal will now extend through the 2031-32 season and includes a $200,000 raise to $3.2 million. Overall, it breaks down to $400,000 in base salary and $2.8 million in supplemental compensation.

Medved’s pay was previously set to increase $100,000 each year in annual escalators. His total compensation ranks 17th out of 18 Big Ten men’s basketball coaches.

In the initial deal signed in March 2025, the U and Medved agreed to “engage in a good faith review of the contract terms and provisions” after Year 2 of the contract to “determine if any enhancements should be made.”

Gophers athletics director Mark Coyle and Medved made those “enhancements” a year earlier than scheduled.

Medved’s first Gophers team went 15-18 overall and 8-12 in conference play. His team was decimated by injuries but remained competitive and ended its season at the College Basketball Crown tournament in Las Vegas.

Medved’s buyout clause for him to leave the Gophers for any head coaching position comes with a fee of $10 million during this upcoming season, $7 million in Year 3, $5 million in Year 4, $3 million in Year 5, $500,000 in Year 6 and zero in Year 7.

If the U terminates Medved’s contract without cause through Year 4, the termination fee to the coach is the total compensation Medved would have earned over the life of the contract. If the U terminates him after Year 4, the U will pay 75% of the remaining total compensation over the full term of the contract.

Medved is currently set to make a total of $20.7 million in the remaining term of his deal.

His adjusted contract bonuses are: reach NCAA tournament round of 64 ($50,000), round of 32 ($75,000), Sweet Sixteen ($100,000), Elite Eight ($150,000), Final Four ($200,000), NCAA runner-up ($300,000), NCAA champion ($500,000). These bonuses are not cumulative.

In Big Ten play, Medved will receive $50,000 bonuses if he achieves three different things: posts a winning conference record in regular-season play, is the regular-season champion and is the tournament champion. Those bonuses are cumulative.

Medved signed the contract amendment June 22; the Board of Regents will address it on Wednesday.

Minnesota coach Niko Medved directs his team during the second half of an NCAA college basketball game against Ohio State in Columbus, Ohio, Tuesday, Jan. 20, 2026. (AP Photo/Paul Vernon)