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_ He has pair of $400,000 bonuses for simply fulfilling the deal, one due on April 30, 2016 (if he stays three seasons and starts a fourth) and the other due on April 30, 2019 (if he stays through the current length of the contract).

_ Among various industry standard perks is a $50,000 annual private jet allowance for university business more than 200 miles from campus. Smith did not have that.

_ If Pitino leaves for another job before April 30, 2016, he would owe Minnesota $1.5 million. After that, if he were to skip out before his deal expires, he’d have to pay $500,000. Said Pitino: “Me and my wife talked about it last night, just how excited we were that we can finally be at a place that we hope to be for the rest of our lives and build something special.”

_ The incentives in Pitino’s deal are considerably lower than Smith‘s, though for finishing 10-8 in the conference or better, a feat Smith never pulled off, Pitino would receive $50,000. Pitino would get $250,000 for winning a national championship; Smith would’ve received $1.5 million. Pitino would get $25,000 for winning the Big Ten tournament; Smith would’ve received $250,000. And for a team grade-point average of 3.5 or better, Pitino would get $75,000; Smith would’ve received $150,000 for 3.25 and up.

Smith was promised a practice facility that almost every major program in the country has but is still in the planning stages at Minnesota. Pitino said he had “zero doubt” it would be built.

“The practice facility will come and when it does, it’ll be great. But there’s so much here we can use to our advantage and sell,” Pitino said.

So what happens when father and son are pursuing the same high school player?

“It’s game on. That’s the way I’m looking at it,” Pitino said, smiling. “Hopefully he fights fair, but I’m excited about it.”

The news conference on the raised Williams Arena floor had a pep-rally feel, with a full rotation of music by the band and clapping and cheering by the few hundred fans who watched from the seats. The entire Gophers team, wearing matching white golf shirts adorned with the school logo, watched from the floor while Pitino spoke.

Leading scorer Andre Hollins, a junior to be, said he believes every player will be back and spoke excitedly about the fast-and-fun style Pitino promised to employ, with full-court pressure defense and run-the-break offense.

“We’ve been kind of in limbo, just kind of waiting, just trying to see,” Hollins said. “There’ve been a lot of calls, a lot of people contacting us, trying to see what we’re going to do. But we just wanted to wait and see what Norwood had in store for us, and I think he made the right choice.”

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AP Sports Writer Jon Krawczynski contributed to this report.

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Follow Dave Campbell on Twitter: http://www.twitter.com/DaveCampbellAP