According to the New York Post, Steve Lavin is negotiating a contract extension that would keep the coach in Queens for another five or six years.
"Steve is coming to the end of the fourth year in his initial six-year contract and it is an appropriate time to discuss an extension," said Chris Monasch, St. John's Director of Athletics. he said the talks would be revisited at the end of the season.
Lavin, 49, has made the NCAA Tournament once, but has also elevated expectations in Queens. Fans now expect the Red Storm to compete for top recruits, given Lavin's ability to lure multiple top-100 players to campus. Lavin has also helped increased exposure for the program, which also has a new contract with Under Armour, and gets exposure through the Big East's media contract with FoxSports1.
The Red Storm's head coach is 70-58 at the helm of the Red Storm (including the year he missed recovering from cancer treatments) and 35-36 in Big East regular season play. He has reached one NCAA Tournament in 2011 (which ended with a loss to Gonzaga) and the NIT's second round last year, where the team lost to Virginia after winning at St. Joseph's.
Lavin's current contract pays him under 1.5 million per year, though the team has also spent well for assistant coaches.
Just a month and a half ago, rumors were swirling about Steve Lavin's job security as the Red Storm struggled. The Red Storm have shown little quit in the turnaround from the bottom of the Big East to clamber into a position to snatch a bid with a good week.
The Johnnies have a road game against Marquette as one of the obstacles in their path to the Big East championship - the only sure way the Johnnies will reach the NCAA Tournament.
"We are pleased with the progress our basketball program has made," Lavin said. "I look forward to being the coach at St. John’s for the long-term. At this point our full attention is on having a strong finish to this season, which in turn will help our recruiting efforts as we move forward."