University of Illinois men's basketball head coach Brad Underwood is getting his contract extended, pending approval by the university's board of trustees.

Athletic Director Josh Whitman made the announcement Wednesday in a statement.

"Brad Underwood has led a remarkable resurgence of our men's basketball program," said Whitman. "Under his strong leadership, we have won Big Ten championships, posted one of the best three-year runs in the history of Fighting Illini men's basketball and the Big Ten Conference, and reestablished ourselves on the national stage. Our work is far from finished, and Brad and I are hungry to continue on our upward trajectory next year and in the years beyond, but the foundation has been laid for sustained success long into the future. I am grateful to Brad, Susan, and the entire Underwood family for their commitment to the University of Illinois, and I couldn't be more excited about continuing our journey together."

Under the proposed contract extension, Underwood would receive an additional $300,000 annually as well as a $200,000 increase in his annual retention bonus.

Whitman says it is fully guaranteed through the next four seasons, with Underwood's buyout – what he would owe the University to accept employment elsewhere – increasing as well. The contract will continue to include bonus opportunities for advancement in the NCAA Tournament and other agreed-upon metrics.

Underwood led Illinois to the 2022 Big Ten championship. The Illini went on to end the year at No. 19 in the AP poll to register a third-straight Top 25 finish, the program's longest streak since 2000-06.