The University of Miami extended the contract of men's basketball coach Jim Larranaga Thursday, months after his Canes delivered the first ACC championship in school history and made the program's second run to the Sweet Sixteen.
The 63-year-old Larranaga received three more years from UM, his contract now runs through May 2022.
"It has always been my goal to compete at the very highest level, so I am fortunate, and humbled, that I will be able to pursue this opportunity for the remainder of my career," Larranaga said in a statement released by the school Thursday.
In his second season at UM, the Canes won 29 games, earning both regular-season and postseason ACC championships before making their Sweet Sixteen run. Larranaga was named the Associated Press Coach of the Year and ACC Coach of the Year.
Larranaga has a 49-20 record at Miami and 519-354 overall. His previous coaching stops include Bowling Green and George Mason, where he led the Patriots to the Final Four in 2006.
UM does not disclose salary information, as it is a private school.
"Since Jim and [his wife] Liz's arrival at the University of Miami in 2011, they have had a tremendous impact not only on our basketball program and our student-athletes, but also on the South Florida community," UM athletic director Blake James said in a statement. "The phenomenal on-court success of the team last season is just the start of something great. We are thrilled that Jim and Liz will be a fixture at UM for many years to come."
Larranaga has his work cut out for him this season. All five starters from last year's team are gone, with all-conference point guard Shane Larkin now a member of the Dallas Mavericks. Larranage is not fazed, though.
"We want to build a tradition of excellence at the University of Miami," Larranaga said. "The most important aspect for me and our staff is to create consistency. With this extension the university has shown its commitment, and I am grateful for its confidence in our program."