Mike Rhoades remains committed to VCU, and the school remains committed to him. The sides have doubled down on that stance, with a two-year contract extension for Rhoades announced Thursday afternoon.
It is the second extension for Rhoades since he arrived back to VCU to be the Rams’ head coach. He previously served as assistant coach, then associate head coach, in the program under Shaka Smart from 2009-14.
“I’m very fortunate to be here,” Rhoades said. “And be here for a long time. And I love working for [VCU vice president and director of athletics Ed McLaughlin], I love working at VCU. And let’s keep moving forward to keep reaching the goals and the places we want to be.”
When hired back at VCU four years ago, Rhoades agreed to a six-year deal set to pay $1.2 million in total compensation per year. As part of the two-year contract extension he received in 2019, Rhoades compensation was adjusted to $1.5 million in 2019, $1.6 million in 2020 and $1.7 million in 2021.
The extension announced Thursday extends Rhoades’ deal through the 2026-27 season. Additional details on the extension were not made available.
Rhoades, in four seasons, has compiled an 80-43 record with two NCAA tournament berths and an Atlantic 10 regular-season title in 2018-19.
McLaughlin said stability in the position is important.
“And for us to be able to tell our fans and our recruits and our current student-athletes, especially in this volatile environment of the transfer portal, that Mike is going to be our coach for the foreseeable future, that’s very important,” McLaughlin said.
VCU is the third head coaching position for Rhoades, a native of Mahanoy City, Pa. After a standout playing career at Division III Lebanon Valley College (1991-95), that included a 1994 national title and 1995 USA Today D-III national player of the year honors, Rhoades became an assistant coach under Hal Nunnally at Randolph-Macon in 1996.
He served in that position until he was elevated to be the Yellow Jackets’ head coach in 1999. He was in that spot for 10 seasons, with a 197-76 record and four NCAA tournament appearances, including trips to the Sweet 16 in 2002 and 2003.
Rhoades also served as the coach at Rice from 2014-17, where after going 12-20 each of his first two seasons, he went 23-12 in 2016-17, with a trip to the CBI.
Rhoades won coach of the year honors in the ODAC with Randolph-Macon, for three straight years, from 2001-03. He won Times-Dispatch state coach of the year honors in 2003 and 2019, and was the A-10 coach of the year in 2019 as well.