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OREM — Mark Madsen is sticking with Utah Valley.
The former Stanford star and NBA veteran has agreed to a four-year extension to remain head coach of the Wolverines' men's basketball program through the 2025-26 season, the university announced Monday afternoon.
Madsen, whose contract earned him around $225,000 annually under his old terms, has led Utah Valley to a 22-30 overall record in two seasons, including an 11-1 mark during the COVID-impacted season of 2020-21 that included a 9-4 record in Western Athletic Conference play.
"I could not be more excited for the opportunity to continue to represent Utah Valley University," Madsen said in a statement. "It is an honor and a privilege to work daily with outstanding student-athletes and a first-rate staff. Under President Astrid Tuminez and Vice President Val Peterson, this university has risen to national levels of academic success. The mission and core values of UVU resonate deeply with my wife Hannah and me, and we are incredibly grateful for this opportunity. We have felt embraced by the community and our children love the university environment here.
"I appreciate the dedicated work of our athletic director, Dr. Jared Sumsion, who has pushed all of us and elevated the entire athletic department to new heights, which had not previously been reached. Our goal is to compete at the highest level year in and year out and we are excited to continue to execute on this vision."
Terms of Madsen's new deal were not revealed. His old contract also had off-the-court bonuses such as scheduling at least $150,000 in guaranteed games, or "buy games," or selling at least 500 season tickets and or surpassing 7,500 tickets sold in a single men's basketball game.
Many of those terms are standard across college basketball contracts, too. One additional term is that the final year of Madsen's old contract will be superseded by the new contract, according to a source close to the program.
Led by the nation's leading rebounder Fardaws Aimaq, the WAC Player of the Year who bypassed the NBA draft this summer to return to school in Orem for at least one more year, the Wolverines won four of their final six games of the regular season to clinch a WAC co-championship and No. 2 seed in the conference tournament in Las Vegas prior to a loss to No. 3 New Mexico State in the Wolverines' first game.
Madsen was hired by UVU when his predecessor Mark Pope returned to Provo to lead BYU. The two-time NBA champion with the Los Angeles Lakers, who also played six seasons with the Minnesota Timberwolves, led Stanford to a 105-24 overall record in four collegiate seasons with the Cardinal.
The Wolverines open the 2021-22 season on Nov. 9 at Boise State. The home opener is scheduled for Nov. 12 against Antelope Valley, and includes home matchups with BYU and road tilts at Pepperdine, Washington and future WAC rival Southern Utah.