Boise State University and men’s basketball head coach Leon Rice have agreed in principle to new contract terms, Director of Athletics Mark Coyle announced Wednesday.

The terms, including an increase in salary and a two-year extension, are subject to approval by the Idaho State Board of Education

Rice’s contract is slated to be extended until March 31, 2018, and will be automatically extended by one additional year for each season in which the Broncos either make the NCAA Tournament or win at least 20 games during the season – including games played in the Mountain West Tournament, the NIT or the NCAA Tournament.

Rice’s salary for fiscal year 2014 will increase by $43,500 to $482,110, and will increase by three percent annually thereafter.

Supplemental compensation in the amended contract includes $5,000 for an at-large selection to the NCAA Tournament, and the remaining financial amount of game guarantees for nonconference road games, less travel costs and $50,000 to the athletic department general budget.

The buyout for Rice’s contract has also been increased to $175,000.

Stay with HoopDirt for the latest college basketball coaching news and rumors.