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Will Wade, VCU Rams basketball head coach, to sign 8-year contract extension

Posted at 11:46 AM, Mar 29, 2016
and last updated 2016-03-29 14:15:09-04

RICHMOND, Va. – VCU Men's Basketball Coach Will Wade has just agreed to a major contract extension to keep him in charge of the Rams.

Virginia Commonwealth University Director of Athletics Ed McLaughlin said Tuesday the deal is for 8 years, and lasts through the 2023-24 season.

"Coach Wade did an excellent job with our program this year and we are excited about our program’s future, “ McLaughlin said. “He and I agreed completely on all of the enhancements that our program needed to continue our elite level of success. While it is flattering whenever a member of your staff is talked about at other institutions, I never worried that Will wouldn't be our coach."

McLaughlin said Wade’s contract extension includes salary increases and other upgrades.

“I am focused on VCU Basketball and the student-athletes within our program. My wife and I love it here at VCU and we are very excited about the 2016-17 season and beyond,” said Wade. “Ed McLaughlin and I continually meet to assess the state of our program to ensure that we are employing the resources necessary to compete at the highest level.

This was Wade's first season with the Rams, who lost in the second round of the NCAA Tournament. VCU won 25 games and reached the A-10 Championship Game for the fourth straight season.

There were rumors that Vanderbilt was interested in hiring him away.

CBS 6 Sports Director Lane Casadonte will have more on this developing story on CBS 6 News starting at 5 p.m.