As part of his five-year contract renewal and salary raise to $250,000, University of Hawai'i-Manoa athletic director Herman Frazier will have incentives for producing a financial turnaround, school officials said.

The Board of Regents unanimously approved renewals for Frazier and men's basketball coach Riley Wallace at yesterday's meeting.

Wallace will receive a two-year extension that will take him to age 65. He will get $250,000 for the upcoming season and $275,000 for the final year.

Wallace and Frazier, 50, each received $210,000 this past year, the most UH has ever paid for those positions. Neither attended the meeting.

The athletic department has suffered three consecutive budget deficits, and there had been speculation about whether Frazier's contract might contain language addressing the situation.

David McClain, interim UH president, declined to reveal specifics of Frazier's contract until it has been executed, except to say, "Let me just say, yes, there is some language in the contract that provides some incentives for financial performance."

He said they were in the form of bonuses.

McClain said: "I think Herman has done a tremendous job in leading the athletic department to greater national prominence, balancing academic and athletic performance issues and taking a number of initiatives to put the athletic department on a sounder financial footing. I think he is on the right track (financially) and will get us there."

McClain said of Wallace, "Riley has run an exemplary program. He is a players' coach; a coach's coach; and a president's coach."