The SFA regent chair has confirmed the school is negotiating an eight-year deal with head basketball coach Brad Underwood.
Steve McCarty said the school is still negotiating a salary for Underwood.
That contradicts an ESPN article citing an unnamed source which reports Underwood will be paid nearly $400,000 a year for eight years, which is more than double his salary of $175,000 for last year.
"I don't know where they got that from," McCarty said. "We do want to offer him a generous compensation for his loyalty."
ESPN reports the negotiations also mean increased pay for Underwood's assistants.
A call to Athletic Director Robert Hill has not been returned. A media relations person for the athletic department said he could not confirm nor deny the ESPN report.
Underwood turned down offers from others schools, reportedly Marshall and Southern Mississippi, to stay with SFA.
Underwood led the Lumberjacks to a 32-2 record in his first season, including a perfect 18-0 Southland Conference record and SFA's first NCAA tournament win over Virginia Commonwealth.
Copyright 2014 KTRE. All rights reserved.