LUBBOCK, Texas (AP) – Big 12 runner-up Texas Tech has rewarded coach Chris Beard with a new $19 million contract that goes through the 2023-24 season.

gettyimages 906267546 Texas Tech Gives Beard New $19M Contract Through 2023 24

AUSTIN, TX – JANUARY 17: Head coach Chris Beard of the Texas Tech Red Raiders reacts as his team plays the Texas Longhorns at the Frank Erwin Center on January 17, 2018 in Austin, Texas. (Photo by Chris Covatta/Getty Images)

The six-year deal was announced Monday by athletic director Kirby Hocutt.

No. 14 Texas Tech goes into this week’s Big 12 tournament as the No. 2 seed with a 23-8 overall record. The 23 wins already match the most for the Red Raiders since they went 30-2 and made it to the NCAA Sweet 16 during the 1995-96 season.

Beard is 41-22 at Texas Tech since replacing Tubby Smith two years ago.

Hocutt said he is “extremely proud” of the direction of the program under Beard.

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