Will Wade is leaving Virginia Commonwealth to take over at Louisiana State after guiding the Rams to the NCAA tournament in both his seasons as coach.
Sweet dreams Tiger fans. It’s official! pic.twitter.com/jAKrmVoRfG— LSU Basketball (@LSUBasketball) March 21, 2017
LSU vice chancellor and athletic director Joe Alleva made the announcement Monday night on the Tigers' athletics web site and Twitter. The statement said more details will come Tuesday.
Wade guided the Rams to the Atlantic 10 championship game and NCAA tournament in both of his seasons. He agreed to a six-year contract with LSU, a person familiar with the negotiations said.
Alleva flew to Richmond on Sunday with deputy AD Eddie Nunez and met with Wade for several hours. The Tigers' search began when they fired Johnny Jones on March 10 after five seasons, with two years left on his contract. LSU was 10-21 this season.
The 34-year-old Wade has been a head coach for only four years, the first two at Chattanooga, after cutting his teeth as an assistant under Shaka Smart at VCU. Wade guided the Rams to a 51-20 record and is 91-45 overall as a head coach.
Wade received an eight-year contract extension from VCU after his first season that called for him to make $1.4 million this season, plus incentives, and $1.5 million in each of the remaining seasons. LSU will have to pay the Rams $1 million as compensation for hiring Wade and agree to a home-and-home series with VCU within three years.
The move comes at a difficult time for the Rams, who have reached the NCAA Tournament for seven straight seasons. VCU and Kansas are the only teams that have won at least 24 games in each of the last 11 seasons, but because of that success, the Rams have lost four coaches to major college jobs since 2006.
The Rams will graduate five seniors off this year's team, including scoring leader JeQuan Lewis, and are slated to have only two seniors on next year's team. They were to be bolstered by a recruiting class ranked among the top 25 by several services that grade recruiting, but some of those recruits may now revisit those commitments.