In lieu of a full press conference on Monday, UH elected on a press release today for Gib Arnold's new three-year deal worth $344,000 annually.
The new contract is effective going back to July 1, with this season counting as the first on the deal. It replaces his original three-year contract of his date of hire in March 2010.
Here's what athletic director Jim Donovan and Arnold had to say in the release.
“I think Gib had an outstanding inaugural year as head coach of the Rainbow Warriors,” Donovan said. “I'm glad that we've completed this contract and this helps insure Gib will be with us for at least three years and hopefully for six or even more years. I fully expect with the recruits that Gib has brought in and returning players we have, it should be another fantastic season.”
“I am honored and extremely grateful to Jim Donovan and our University of Hawaii administration,” Arnold said. “I absolutely love my job and am excited about the future of Warrior basketball as we continue to build this program.”
Up to three one-year extensions can kick in over the life of the contract, potentially lengthening the deal to 2017. There are slightly different sets of criteria for the coming season, and then the next two.
This year (2011-12), a one-year extension will kick in if UH achieves one of four things: Making the NCAA or NIT tournaments; winning 18 games; a first- or second-place finish in regular-season WAC play; or making the WAC tournament championship game along with a winning overall record.
For the next two seasons (2012-13 and 2013-14) the criteria are slightly different to kick in a one-year extension. They are: Making the NCAA or NIT tournaments; winning 18 or 19 games with a Sagarin strength of schedule rating of 185 or better; winning 20 games without regard to strength of schedule; finishing first or second in Big West regular-season play; or making the Big West tournament championship game with a winning record.
UH takes on Hawaii Pacific in an exhibition tonight at 7 at the Stan Sheriff Center.
As for UH's prospective signees during the current early period, the team has Caleb Dressler's information signed and sent and is waiting on Israeli guard Orel Lev's information before Arnold can comment.