Minnesota basketball coach Tubby Smith has agreed to a three-year contract extension, the school announced Monday.

Smith had two years left on his current contract, so the extension will take him through the 2016-17 season. A contract extension had long been anticipated for Smith, who took the Gophers to the NIT title game this past season.

Terms of the new contract were not available. Smith's previous deal paid him about $1.75 million per year.

"There is no revolutionary change here in the contract," Mark Rotenberg, the university's general counsel, told the Minneapolis Star Tribune.

"We are excited about the extension and know that the University of Minnesota is the right place for us," Smith said in a statement. "I am focused on reaching our full potential as a program. That is why we came here five years ago and it is still our goal."

There had been talk of a possible extension since the end of the 2010-11 season. When new athletic director Norwood Teague took over for Joel Maturi in June, the extension discussion resumed.

"Tubby took over our program at a difficult time and quickly got it headed back in the right direction," Teague said in a statement. "I look forward to working with Coach Smith into the future to help lift Gopher basketball to even greater heights."

Smith has a 103-68 record in five seasons at Minnesota, but he is just 38-52 in regular-season Big Ten play. The Gophers have not won any NCAA Tournament games under Smith and have made just two appearances in the event.

Last season, the Gophers went 6-12 in the Big Ten, but finished with 23 victories.