N.C. State trustees approve Gottfried's contract

RALEIGH - In closed session this morning, N.C. State's Board of Trustees approved the contract of new basketball coach Mark Gottfried.

The contract terms were revealed by athletic director Debbie Yow on the day Gottfried was hired on April 5. Gottfried received a five-year deal worth $1.2 million a year, with an automatic two-year rollover if N.C. State makes the NCAA tournament in 2012 or 2013.

"We're extraordinarily pleased that Coach Gottfried is our basketball coach, and look forward to returning to the NCAA tournament and continuing to graduate our student-athletes," Yow said this morning.

Gottfried also can earn up to $1 million in incentives - $750,000 for on-court performance and the rest for academic performance of his players.

N.C. State hired Gottfried, who coached Alabama for 11 seasons and most recently was an ESPN analyst, to replace Sidney Lowe.

Ken Tysiac