Arizona State men's basketball coach Bobby Hurley has agreed to a one-year contract extension that will come with a hefty pay raise, as well as a retention bonus that could help keep him in Tempe for a long time.

The Arizona Board of Regents next week is expected to approve Hurley's extension, which will stretch his contact an extra year to June 30, 2022.

The extension keeps Hurley's contract at five years, which is the maximum the board allows.

With the extension comes significant pay increases:

On July 1, Hurley will receive a $700,000 raise, a bump that pushes the coach's base salary to $2.1 million.
In addition, Hurley, will receive $100,000 salary bumps on July 1, 2019 and 2020,
Hurley is also set to receive a $200,000 raise on July 2, 2021.

Also per terms of the extension: Hurley will receive a $1 million retention bonus if he is ASU's coach on Jan. 1, 2022.