The former Nolan Richardson assistant will reportedly receive $2.2 million per year over seven years. Arkansas won the 1994 national title with Richardson as head coach and Anderson as an assistant.
“We are extremely excited to welcome home Mike Anderson to the University of Arkansas as our new head men’s basketball coach,” Arkansas AD Jeff Long said. “Mike is one of the outstanding head coaches in college basketball. His teams play an exciting brand of basketball that has already proven successful at both UAB and Missouri.