Oregon State Beavers basketball just finished its best season in 39 years by advancing all the way to the Elite Eight in the 2021 NCAA Tournament.
Sounds like a great time for Wayne Tinkle to negotiate a contract extension.
Tinkle signed a one-year extension in 2019 which kept him signed as Beavers head coach through the 2022-23 season. The deal came after he coached the Beavers to a winning conference record for the first time since the 1989-90 season.
The extension also added an interesting provision; Tinkle gets an additional year on the deal whenever he coaches the Beavers to the NCAA Tournament, so this season's run makes the deal extend through the 2023-24 season.
“If at any time during the Term the Team participate in the NCAA Tournament, Year 10 (July 1, 2023-June 30, 2024) will be added to this Agreement by written amendment and the Term will end June 30, 2024," it says in the contract.
Beavers Athletic Director Scott Barnes told John Canzano of The Oregonian on Monday negotiations will come after the Beavers are eliminated.
"We agreed to wrap it up after the run so it’s not a distraction. As I have said - coach Tinkle is our guy," said Barnes.
Terms of the additional year are negotiated in a 30-day window according to The Oregonian, which is likely the extension Barnes referred to in his comment to Canzano, but the Beavers would be smart to lock up Tinkle.
The program has more momentum now than it has in decades.
"As far as recruiting, I mean, we have people e-mailing and texting us now. I think it's going to open up a lot of those doors," said Tinkle following the loss Monday evening.
While Tinkle has not been reportedly linked to any available jobs, notable programs looking to fill vacancies include Texas and Oklahoma.
He is currently set to earn $2.2 million 2021-22, and $2.3 million in 2022-23. His $2.178 million salary last season was 8th in the Pac-12 and 54th nationally per USA Today Sports. Meanwhile, Texas would have owed Shaka Smart a $7.1 million buyout if they fired him.
The Beavers should increase Tinkle's buyout during extension talks as well as add years to his deal. Oregon State preaches a family atmosphere and it will be easier to get recruits if they know Tinkle will be there all four years they'll be on campus.
"We're just going to continue to build," added Tinkle. "Even though we had this tremendous success, it's not going to change who we are. Even when we had the low lows. It didn't change who we were. We just continue to grind and do things the way that we do them, and we know it's going to lead to even greater things.
"If we all can find a way to gain that much more from each other, we'll be able to take another step. I'm so thrilled for our university, for our state, for our program. I know there's great things ahead," he concluded.
Tinkle signed a six-year contract when he was hired on May 19, 2014 after eight successful seasons at the University of Montana. He was awarded a two-year extension on June 7, 2016 after leading the Beavers to their first trip to the NCAA Tournament in 26 years.