Minnesota announces that head men’s basketball coach Niko Medved receives a contract extension and pay increase after his first season with the program. According to reporting, the University of Minnesota board of regents approves the contract amendment during its regular monthly meeting this week. The extension adds one additional year to Medved’s existing six-year agreement, and it includes a $100,000 pay bump. Combined with an earlier $100,000 annual increase built into his initial deal, the updated compensation structure increases his salary going forward. University documents cited in the coverage indicate Medved is now signed through the 2031–32 season. They also specify that his salary for 2026–27 is $3.2 million, placing him 17th out of 18 Big Ten head coaches in that salary range. The reported change is framed as a reward for a promising first season at his alma mater, which is where Medved returned as head coach.