Sources — Will Wade receives 5-year extension at McNeese

McNeese coach Will Wade has received a five-year contract extension, sources told ESPN.

Wade, who was hired last spring, has the Cowboys at 20-3 overall and 9-1 in the Southland in his first season at the helm.

He will make $700,000 per year in his new deal, source told ESPN. His buyout to leave for other schools has increased, but is still not considered prohibitive for most power conference schools. It will be $1.25 million after this season and $1 million after next season.

Wade’s rapid rebuild at McNeese, whose nonconference season included road wins at VCU and Michigan, has made him one of the more interesting names to watch entering this spring’s coaching carousel. He’s already been linked with the vacancy at DePaul.

Wade was suspended for the first 10 games of the season as part of the punishment handed down last June from the Independent Accountability Resolution Process. During his time at LSU, he was found to have committed three Level I NCAA violations, including making impermissible payments to the former fiancée of a player, while also failing to cooperate in an investigation and failing to promote an atmosphere of compliance. He was also given a two-year show-cause order.

LSU had been under investigation since the federal investigation into college basketball became public in September 2017. Wade was fired by the school on the eve of the 2022 NCAA tournament after the school received a notice of allegations detailing five Level I violations and was previously suspended shortly before the 2019 NCAA tournament after reports revealed that a federal wiretap captured him discussing a “strong-ass offer” for a recruit.