The contract was signed yesterday (February 17) and is retroactive to July 1, 2002. It includes a base salary of $160,000 per year plus an annual expense account of $25,000. Hatchell will be eligible to receive bonuses equal to one month of her base salary should the Tar Heels reach the NCAA Tournament, the NCAA Final Eight and a graduation rate threshold equal to that of the student body.
"I have thoroughly enjoyed my tenure at Carolina and look forward to many more exciting years as coach of the Tar Heels," says Hatchell. "I have been fortunate to coach and be a part of the lives of many outstanding players who have helped us build one of the top programs in the nation. I am excited about meeting our future challenges."
Hatchell has a 353-177 record at Carolina. Overall in 27 seasons as a collegiate head coach, the Gastonia, N.C., native has a 625-251 record.
"Sylvia has shown over nearly two decades that she is one of the finest basketball coaches in America," says Director of Athletics Dick Baddour. "She has consistently produced winning teams and her student-athletes have been successful in earning their academic degrees, as well. The capacity crowd that attended the Carolina-Duke game demonstrates the level to which she has helped to build the women's game in this area.
"We are strongly committed to having outstanding basketball programs for both men and women."
The salary, expense account and graduation rate bonuses are similar to those of men's basketball coach Matt Doherty and football coach John Bunting.