COLUMBIA — Mike Anderson traded his tiger stripes Wednesday night to become the new men's basketball coach for the Arkansas Razorbacks.
Athletics Director Mike Alden said MU was in the process of offering Anderson a pay increase of nearly $500,000 — making his total yearly salary $2 million — when the coach told Alden that he wanted to speak with Arkansas. Alden said he told Anderson negotiations at MU would stop if he chose to communicate with his former employer.
By Wednesday night, Anderson was in Alden's office resigning from his post as head basketball coach.
Arkansas announced on its website that it had a new coach shortly before Alden held a news conference that let MU fans know he is in the market for a new coach.
Reports from Arkansas media outlets said the contract Anderson accepted stipulates that he will receive $2.2 million per year for seven years, which will mark about a $650,000 increase compared with his 2010-11 salary at Missouri.
Anderson was hired in 2006 and went 111-57. He succeeded coach Quin Snyder, who was hired in 1999 and stayed with the Tigers for six seasons. Before him, Norm Stewart led the Tigers for 32 years.
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