GREENVILLE, N.C. -- East Carolina University has announced terms of head men's basketball coach Mack McCarthy's five-year contract, which secures his position through March, 2013. The new agreement, approved Thursday by the University's Board of Trustees and announced by ECU Director of Athletics Terry Holland, provides a total compensation package of $225,000 with the ability to earn additional incentives.
The contract establishes a base salary of $150,000, a $75,000 addendum for all radio, television show and Pirate Club appearances and a $50,000 bonus to monitor and support academic initiatives such as the continued improvement of the program's grade point average, graduation rate and the NCAA's Academic Progress Rate (APR). Other incentive compensation includes a .500 or better won-lost record within Conference USA play, NCAA Tournament appearances and statistic-specific improvement.
"I appreciate the confidence shown in my staff and I by the Board of Trustees, Dr. (Steve) Ballard and Coach Holland in affirming us as the people to lead East Carolina University basketball into a successful future," McCarthy said. "Be assured that we are hard at work improving every phase of the Pirate Basketball program. My family and staff couldn't be more excited about this challenge and opportunity."
McCarthy, who was introduced by Holland as the program's acting head coach Aug. 9, 2007 and promoted to head coach status March 20, directed East Carolina to an 11-19 overall record last season, which marked the highest number of wins for a Pirate squad since the 2003-04 campaign. Of the 11 victories, five came during C-USA play - matching ECU's top league win total since becoming a basketball member in the Dallas-based conference beginning in 2001-02.
The Pirates also notched victories against a pair of Top 50 teams, including the program's first-ever triumph over an Atlantic Coast Conference opponent, and produced a three-game win streak in league play for the first time in four years.
In addition to the progress displayed on the court, McCarthy has also directed East Carolina's honors-winning development and growth in the classroom. The Pirates recently earned the 2008 C-USA Sport Academic Award after recording the top grade point average among all 12 league-member men's basketball programs with a 2.781 mark.