Dennis Gates received a 1-year contract extension — and a raise — on Friday evening.

The new deal comes after Missouri defeated Tennessee to reach the semifinals of the SEC Tournament. It’s Mizzou’s 1st trip that deep in the SEC Tournament in program history.

Gates’ contract now runs through the 2028-29 season. He’s now scheduled to make $4 million in 2023-24, up from $2.5 million in 2022-23.

“Thank you to the Board of Curators, President Mun Choi and Desireé Reed-Francois for this opportunity to continue to lead Missouri basketball,” Gates said in a press release. “The city of Columbia is my home, my family loves it here and I wouldn’t want to be anywhere else. My staff has done a tremendous job of supporting my dream building on the great tradition of Mizzou. I’m proud to be a Tiger and to coach at this wonderful institution.”

Missouri is closing in on its 1st NCAA Tournament appearance since 2021. It would be the program’s 3rd trip to the Big Dance in the last decade.

Gates is in his 1st season at the helm. He replaced Cuonzo Martin, who was fired after Mizzou went 12-21 last season.

Missouri will face No. 1-seeded Alabama in the semifinals of the SEC Tournament on Saturday.