Update on March 22 at 4:40 p.m.:
Anderson's agent said he is negotiating a new contract with Mizzou after reports emerged that Arkansas is interested in hiring Anderson.Jimmy Sexton, a Memphis resident, told a Memphis radio station that the University and Anderson have been in discussion for several weeks over a new contract. He said nothing is for sure, but he expects resolution in the next few days.The "Fastest 40 minutes in basketball" coach recently led Missouri to its third consecutive NCAA Tournament appearance in five years. He spent 17 years as an Arkansas assistant under Nolan Richardson.Arkansas fired John Pelphrey as its coach on March 13. Pelphrey was 69-59 in four seasons with the Razorbacks.
Original Story: The University of Missouri Board of Curators meets for the second day in Rolla for thier regulary scheduled meeting.On the meeting's agenda at the University of Science and Technology is the 2012 fiscal budget, the UM system's presidential search and now, according to the St. Louis Post Dispatch, a contract extension and salary increase for the MU Tigers basketball coach Mike Anderson.STLToday.com reports the new contract would add two years to Anderson's contract, who has five years left in the seven year contract he signed two years ago. Anderson's salary would reportedly increase from approximately $1.5 million to about $2 million. The contract extension needs the board's approval. What do you think about reports of the proposed $2 million salary? Let us know in the comments section.The Presidential search also remains a hot topic at today's meeting. Gary Forsee stepped down from the position in January to care for his ill wife. Steve Owens, Interim UM System President, has said he's not interested in the permanent position. The Board said prior to this two day meeting, the search could last the majority of this year.(The Associated Press contributed to this story)