Hubert Davis has been rewarded with a raise and contract extension after he led the Tar Heels to the National Championship Game in his first year as head coach.

According to multiple reports, Davis’ new deal with the Tar Heels runs through the 2027-28 season. He’s set to make $16.7 million over the course of the contract. His salary for this season is expected to be $2.4 million after he made closer to $1.8 million during his first year as head coach.

Davis’ contract also includes performance bonuses that could exceed $1 million per season, according to reports.

North Carolina has big expectations this season as Davis enters Year 2 at the helm. The Tar Heels return four of their five starters from last year’s team. They were also able to recruit highly-touted transfer Pete Nance to replace Brady Manek at power forward.

UNC is the No. 1-ranked team in the preseason AP Poll. Center Armando Bacot has been tabbed as a preseason All-American as well.

Caleb Love, RJ Davis and Leaky Black are expected to fill out the remainder of North Carolina’s starting lineup, joining Bacot and Nance.

North Carolina will open the 2022-23 season on Nov. 7 against UNCW.