Lady Raider Basketball’s new coach has signed a six-year contract worth $4.5 million, a confidential source told Red Raider Nation.

Marlene Stollings, who will be officially introduced as head coach Wednesday afternoon, will earn an average of $750,000 per year, according to the source.

If the Lady Raiders advance to the NCAA Tournament twice in six years, the source said Stollings will receive a seventh year worth $820,000.

The contract is pending approval of the Texas Tech University System Board of Regents.

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