North Carolina extends coach Roy Williams through 2019-20 season

Roy Williams will be at the helm of the North Carolina Tar Heels for many more years to come.

North Carolina has extended its head coach's contract through the 2019-2020 season, the school announced Friday. Williams has coached the Tar Heels for 12 years, a run that's included 11 NCAA Tournament berths, five Final Four appearances, and two National Championships.

Per the school's release:

Williams' new contract includes a base salary ranging from $408,169 next year to $595,409 in 2019-20, deferred compensation ranging from $1,550,000 next year to $1,750,000 in 2019-20 and an annual expense account of $40,000.

Williams last received a contract extension in October 2011, which set his base salary at $333,938 through 2018, with supplemental income from the university ranging from $1.35 million to $1.65 million, reports Inside Carolina's Greg Barnes.

"The University of North Carolina is fortunate to have Roy Williams directing its basketball program and we are proud to extend his contract through the 2020 season," said athletic director Bubba Cunningham. "His results on the court over 27 years as a head coach are among the most accomplished in the history of the sport, but his love for the University of North Carolina and the way he cares for his students are truly unmatched. Roy is a man of character and integrity and I have great respect for the way he leads our basketball program."

Said Williams:

I’ve said I want to coach another six to 10 years, so this contract takes me right to the edge of that, which is good. I appreciate the confidence Chancellor Folt and Bubba Cunningham have in my leadership of the basketball program. They’ve demonstrated that with this contract extension, and with their support over the past several years, which have been a challenge for all who love Carolina as I do. I thank them on behalf of our basketball program and me personally.

The extension comes on the heels of the release of the NCAA's Notice of Allegations to the public, which detailed five allegations involving lack of institutional control and extra academic benefits given to student-athletes over nine years.

Williams' name appears only once in the notice, and not as part of the allegations - only as an interviewee.

Williams released a statement after the allegations went public: