Tony Bennett turns down raise, signs contract extension

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Virginia announced that they have signed head coach Tony Bennett to a contract extension, keeping him under contract through the 2025-26 season.

This is not unexpected. He just won the national title. I think he earned a new deal.

What is unique here, however, is that Bennett turned down a raise. He asked for more money for his assistants and for some cash to be put towards improvements in both his program and the other Virginia sports teams, but he passed on getting more money put into his own bank account.

“[My wife] Laurel and I are in a great spot, and in the past I’ve had increases in my contract,” Bennett said in the news release. “We just feel a great peace about where we’re at, all that’s taken place, and how we feel about this athletic department and this community and this school. I love being at UVA.

“… I have more than enough, and if there are ways that this can help out the athletic department, the other programs and coaches, by not tying up so much [in men’s basketball], that’s my desire.”

That’s the dream scenario right there, being rich enough to turn down more money.