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Update: Hamilton, FSU agree to five-year extension

Florida State athletics director David Coburn has repeatedly said Leonard Hamilton isn’t going anywhere and is welcome to coach the men’s basketball team as long as he wants. On Monday, FSU announced Hamilton will be the coach through the 2024-25 season.

Hamilton, 72, has been operating on a month-by-month contract at a $2.25 million annual rate since the prior deal expired in April 2020. His new contract will continue at the $2.25 million rate but also includes numerous bonus opportunities.

Hamilton has been FSU’s coach for 19 seasons. The Seminoles won the 2012 ACC Tournament and were the ACC’s regular-season champions in 2019-20. FSU (14-4, 10-3) is in position to claim the ACC regular-season title again if it can defeat Boston College on Wednesday and Notre Dame on Saturday.

“Coach Hamilton has done so much for this basketball program and this university that it is hard to express in words,” athletics director David Coburn said. “What he does with his young men, both on and off the court, is truly remarkable. I know both the President and I regard him as a university treasure, and he is just now getting the national recognition he has deserved for so long. He embodies all the qualities that make a great leader, and we are proud and thrilled to have him as our coach as long as he wishes.”

At FSU, Hamilton is 396-225 (63.8 percent) since he arrived for the 2002-03 season.

The bonus structure includes:

$150,000 if the team wins the ACC regular season title

$150,000 if the team wins the ACC Tournament title

$200,000 if the team participates in the NCAA Tournament

$50,000 if the team receives back-to-back invitations to the NCAA Tournament

$50,000 if the team is a top four seed to the NCAA Tournament

$50,000 if the team advances to the second round (round of 32) of the NCAA Tournament

$225,000 if the team advances to the Sweet 16

$250,000 if the team advances to the Elite Eight

$275,000 if the team advances to the Final Four

$150,000 if the team advances to the title game

$500,000 if the team wins the championship

$200,000 if the team finishes ranked in the top 10 of the coaches’ poll or $50,000 if the team finishes in the top 20 of the coaches’ poll

$100,000 if he is named AP ACC coach of the year

$200,000 if he is named AP National coach of the year

Bonuses are also tied to the team’s graduation rate, if it exceeds 65 percent (the Osceola profiled Hamilton’s exceptionally high success at graduating four-year players in May 2019)

Hamilton’s statement

“I am grateful for the support the Board of Trustees, President Thrasher and Director of Athletics David Coburn continuously show our program’” said Hamilton. “The extension of my contract means an awful lot to our basketball family and those coaches who have been with me throughout my career at Florida State. I would especially like to thank our assistant coaches, our trusted staff and their families – Coach Stan Jones, Coach Charlton Young, Coach Steve Smith and Coach Mike Bradley for everything they do for our program each day.  

“I am also thankful to the parents who have entrusted us to bring their teenagers into our program and have them leave as young men when their careers are completed.  I am also thankful for the cooperation of each of our players who have helped us build a successful basketball program.  

“At Florida State, we are fortunate to play in the best basketball conference in the nation, one that is full of “blueblood” programs that have been successful for decades.  Our focus on being the “newbloods” is something we take pride in when representing Florida State University.  

“The way our players conduct themselves as student-athletes is, and continues to be, an incredible source of pride for our program, especially during this pandemic period.  They have taken what it means to be true student-athletes to another level as they have remained focused and continued to make getting their degrees a priority.  

“While I am proud of everything we have accomplished, there is still room for improvement, and we have so much more to accomplish.  

“I would like to thank our students, our fans in Tallahassee and across the country for the support they have given us and to let them know that the best of Florida State Basketball is still to come.”

Bracketology

FSU is a No. 3 seed in Jerry Palm’s bracket for CBSSports.com and USA Today‘s bracket. ESPN.com‘s bracket had not been updated since Feb. 26 but has FSU as a No. 3 seed.

Top 25 rankings

FSU remains at No. 11 in the AP poll that was released on Monday.