Vic Schaefer signs 4-year contract extension with Mississippi State

Vic Schaefer, who guided Mississippi State to back-to-back appearances in the women's NCAA basketball championship game, will be sticking around.

Schaefer has agreed to a new four-year contract at Mississippi State. The deal was announced Monday.

"We are excited about continuing our quest of winning SEC and national championships and extending the success of recent years," said Schaefer, 57, who is entering his seventh season leading the Bulldogs.

Schaefer has taken MSU to heights unprecedented in school history, highlighted by the program's first SEC regular-season championship this past season.

In addition to being named Naismith National Coach of the Year, Schaefer was also named SEC Coach of the Year by the Associated Press and his peers, along with National Coach of the Year by the WBCA and USBWA.

"Coach Schaefer has elevated our women's basketball program to an elite level," MSU Director of Athletics John Cohen said. "We look forward to seeing our national coach of the year on the sidelines for a long time to come."

Schaefer will make $1,584,000 next season, rising to $1,650,000 in 2020-21. It makes him the highest-paid women's coach in the SEC.

He will get a $375,000 retention bonus if still employed as head coach on June 1, 2021.