By The Associated Press

Published: Friday, October 12, 2012, 8:04 p.m.
Updated: Friday, October 12, 2012

MORGANTOWN, W.Va. — West Virginia athletic director Oliver Luck received a new contract that keeps him on the job through 2017 and raises his salary to $550,000 per year. It also sets an annual performance bonus cap of $150,000.

President Jim Clements said Friday that the new contract will go into effect Monday. Luck is in the third year of his original five-year contract, which began in 2010.

“Oliver Luck is a true leader,” Clements said in a release. “He has brought stability, momentum and energy to his position. He is someone we want on our team for many more years to come.”

Luck has overseen major capital improvements, hired new coaches and overseen the most successful fund-raising effort in history, with nearly $23 million raised this past year.

He also has overseen WVU's transition to the Big 12 Conference and developed a master plan for facility upgrades.

“I appreciate the confidence that President Clements has placed in me and the entire athletic department team,” Luck said in a statement. “We will continue to work hard as we transition into the Big 12, and will strive to represent this university and this state with the pride and passion each deserves.

“This is my alma mater, and I am thrilled to serve her.”

Also, West Virginia is working on a new contract for men's basketball coach Bob Huggins.

Luck said a reworked deal should be completed in the next few months.

In 2008, Huggins signed a contract that pays him at least $20 million in guaranteed income through 2019.

The Mountaineers have gone to the NCAA Tournament in each of Huggins' five seasons at his alma mater. He has a 120-56 record. West Virginia went 19-14 last season and lost to Gonzaga in the second round of the NCAA Tournament.

The Charleston Daily Mail first reported Luck was reworking the contract.

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