Alford deal buzz surrounds Lobos at tourney

ALBUQUERQUE (KRQE) - There was a lot going on Wednesday regarding the Lobos and head Coach Steve Alford’s new 10 year contract.

Coach Steve Alford is the big news after agreeing to a deal that will keep him through the 2022-2023 season. Alford's new deal comes with a $240,000 increase to his base salary, putting him at $1.24 million per season.

Alford's new deal is packed with new incentives.

Alford contract incentives:

• Conference championship $50,000
• Tournament championship $50,000
• Ncaa sweet 16 $60,000
• Elite 8 $75,000
• Final four $125,000
• Victory over top 25 team $15,000