UNCW agrees to 5-year, $1.5 million deal with McGrath
WILMINGTON, NC (WECT) - UNC Wilmington has hired North Carolina assistant coach C.B. McGrath to replace Kevin Keatts as its men's basketball coach, university officials announced Monday.
The five-year deal with the Seahawks is set for $300,000 annually, according to the contract. McGrath is entitled to receive supplemental compensation starting at $100,000 in year one, with increasing increments of $25,000 per year.
By comparison, former coach Keatts also had a base pay of $300,000 annually, but supplemental pay started at $25,000 in year one and increased throughout the terms of his contract. In his most recent extension, Keatts' supplemental pay was at $200,000 annually.
Similarly to Keatts, McGrath is eligible for the following incentives:
- $10,000 for APR annual score over 960
- $15,000 for each NCAA post-season tournament game played
- $25,000 for a regular season CAA conference championship (including a first-place tie, if applicable)
- $25,000 for a CAA Tournament Championship
- $15,000 for a top 100 Rating Percentage Index on selection Sunday
- 20 percent of UNCW Men’s Basketball Season ticket holder sales revenue in excess of $250,000
McGrath can buy out his deal in year one and two at $300,000. Each year after that he would have to pay the university $200,000.
McGrath has served as an assistant coach at North Carolina for the past 14 years and has worked under Roy Williams for 18 years.
"His recruiting expertise is one of the best in the country," Chancellor Jose V. Sartarelli said. "Those things sold us and he's a very personable individual too and someone that has shown a great degree of loyalty to his previous job."
McGrath's contract becomes effective April 4, hours after UNC plays in the NCAA college basketball national championship.
"We've recruited an outstanding head coach to mentor these student-athletes for success on and off the court," Sartarelli said. "C.B. McGrath has been an integral part of North Carolina's winning tradition, and I know he will bring us that same commitment to sportsmanship and excellence. Seahawk fans everywhere are looking forward to watching the team achieve even greater heights under Coach McGrath's leadership."
A Kansas graduate, McGrath was a team captain in 1997 and lettered four seasons as a point guard under Williams. The Jayhawks were a perfect 58-0 at home during his career as a player. He played in 112 career games, scored 82 points, and had 113 assists and 35 steals.
McGrath earned a B.A. in human biology and a master's degree in education. McGrath's wife Kris played tennis at Kansas, where she was the Big 12 Player of the Year. The couple has twin daughters, Kate and Addison, and a son, Hunter.
"UNCW is an outstanding institution in a wonderful community. It's an exciting time for me personally, as well as for my family. I'm really looking forward to working with Chancellor Sartarelli, Jimmy Bass and everyone at UNCW," McGrath said. "Ever since I began visiting the Wilmington area, UNCW has always been a dream job for me. I've been following the program for some time. It's on the upswing, and we want move it forward from there. I'm looking forward to the challenge and using what was accomplished the past two years as a springboard for the future."
The announcement comes 17 days after Keatts accepted the head coaching position at North Carolina State. Keatts revitalized UNCW's basketball program following Buzz Peterson's termination, leading the Seahawks to two consecutive NCAA tournaments and an overall record of 72-28 in his three seasons as head coach.
Copyright 2017 WECT. All rights reserved.