The Missouri Tigers have signed head basketball coach Mike Anderson to a new seven-year contract according to athletic director Mike Alden.

“We are excited Coach Anderson is going to be at the University of Missouri for a long time,” Alden said in a statement. “He’s done a tremendous job rebuilding our basketball tradition and is poised to lead our program to new heights in the coming years.”

Financial details of his new contract have not yet been released but it is projected to be around $1.3 million to $1.5 million per year.

“We have always appreciated the commitment Mike Alden and his staff have had towards Missouri basketball and I am excited to remain here at Missouri,” Anderson said in a statement shortly after his new contract was announced. “We are looking forward to the future of this program and can’t wait to continue building on the success of this past season.”

Well done Missouri, you couldn’t have afforded to lose Coach Anderson.