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Five-year deal worth $1.7M annually

Updated: March 31, 2009, 5:41 PM ET
Associated Press

CHARLOTTESVILLE, Va. -- The University of Virginia says new men's basketball coach Tony Bennett has agreed to "a memorandum of understanding" that will be pay him $1.7 million annually for five years.

Virginia also said Tuesday that Bennett will receive a $500,000 signing bonus and another $500,000 if he stays five years.

The 39-year-old Bennett was hired Monday after three years at Washington State. He had a 68-30 record with the Cougars and twice took Washington State to the NCAA ...

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