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UNM has extended head coach Eric Olen's contract for five years, securing his position through the 2030-31 season. This decision follows Olen's successful first season with a 26-11 record and an NIT semifinal appearance.
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Mar 19, 2025; Denver, CO, USA; UC San Diego Tritons head coach Eric Olen during a press conference at Ball Arena. Mandatory Credit: Isaiah J. Downing-Imagn Images | Isaiah J. Downing-Imagn Images
Head Lobo Coach Eric Olen and AD Ryan Berryman met with local media yesterday at the PIT to discuss the extension and other topics related to UNM Lobo Basketball.
This extension follows Olen’s impressive first season, during which he led the Lobos to a 26-11 record, third place in the Mountain West Conference, and an NIT semifinal appearance, despite starting with a completely new roster and staff.
Vice President and Director of Athletics Ryan Berryman praised Olen’s immediate impact on the program.
“We are incredibly excited that Eric has committed to the Lobos for the long term, and he is well deserving of this contract,” Berryman said. “Since his arrival on campus, he has worked tirelessly to enhance UNM’s reputation as a basketball power in the West.”
Olen’s new contract reportedly raises his average annual salary to about $1.45 million and includes retention bonuses for 2026 and 2027. The agreement also increases investment in NIL opportunities and staff retention.
Eric Olen's contract extension with UNM is for five years, lasting through the 2030-31 season.
In his first season, Eric Olen led the Lobos to a 26-11 record and a third-place finish in the Mountain West Conference, along with an NIT semifinal appearance.
The contract extension for Eric Olen was announced by UNM's athletic department, with Athletic Director Ryan Berryman present at the media briefing.
Eric Olen faced the challenge of starting with a completely new roster and staff during his first season at UNM.

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“This past year has been an amazing experience for my family and me,” Olen said. “The support from this community and the passion of our fan base make the University of New Mexico truly special.”
The 2025-26 Lobos set a program record with 3,004 points and finished among the top 50 nationally in both NET and KenPom ratings.
Freshman Jake Hall was named Mountain West Freshman of the Year, averaging 16.4 points per game and setting a UNM single-season record with 117 three-pointers.
Forward Tomislav Buljan earned Second Team All-Mountain West honors, leading the conference in rebounding and double-doubles.
With Hall, Uriah Tenette, Chris Howell, and the entire coaching staff expected to return, the program’s momentum is building as the 2026-27 season approaches.
UNM President Garnett Stokes called Olen’s first season “a testament to exceptional leadership and culture-building,” and added that Lobo Basketball remains “one of the most visible expressions of who we are as a university.”
While Olen’s contract extension drew attention for its terms, the more significant story is the University’s long-term commitment to Lobo basketball.
The University of New Mexico, outgoing President Garnett Stokes, the Regents, and AD Ryan Berryman have made a bold statement about Olen, his staff, and the future of this iconic program.
Olen emphasized that the investment extends beyond his compensation. Although his base salary remains largely unchanged in the first year, the contract includes a reported $100,000 retention bonus.
The broader focus is on strengthening the program, including higher assistant-coach salaries and expanded NIL and revenue-sharing support for student-athletes.
UNM is positioning itself to compete in the evolving college basketball landscape.
“It’s bigger than just me signing a contract,” Olen explained. “This is about continuing to invest in the program at every level.”
This investment comes at a pivotal moment for the Mountain West Conference, as realignment continues to reshape college basketball.
Olen emphasized that maintaining New Mexico’s relevance and NCAA Tournament contention is essential.
In his first season, Olen led the Lobos to a 26-11 record and an NIT semifinal appearance, raising expectations. He stated his intent to prevent complacency as the program advances.
“We’re just getting started,” Olen said. “Success can create comfort if you’re not careful, and we can’t allow that mindset to creep in.”
This mindset shapes roster building. The return of key young players, including Jake Hall, Uriah Tenette, and Chris Howell, provides a strong foundation for 2026-27.
However, Olen noted that continuity alone does not ensure success in modern college basketball.
Given roster turnover, NIL changes, and the transfer portal, Olen approaches team building as a yearly reset that requires chemistry, leadership, and commitment.
“Every season is different,” Olen said. “Experience helps, but last season is over. You have to rebuild the culture and mindset every year.”
Fans and local media continue to debate interior defense and rim protection. New Mexico was not among the nation’s top shot-blocking teams last season, and Olen acknowledges the need to improve size and paint protection.