NASH Racela has agreed to a contract extension making him head coach of Far Eastern University until 2016.
FEU athletic director Mark Molina said it was the directive of no less than the FEU owners - the Montinola family - to sign Racela to a longer contract with the Tamaraws.
“We have an agreement in place, a contract extension until the end of 2016. That’s December 31. Gagawin na namin ‘yung kontrata,” Molina said.
Racela had an impressive first year with the Tamaraws, leading the team to a Final Four finish after going 7-0 in the first round of Season 76. The Morayta-based squad lost to eventual champion La Salle in the semifinals.
Racela's three-year contract extension is unprecedented for the school as it hopes to begin life without star players Terrence Romeo and RR Garcia on the right track.
“Usually, the longest is two years,” Molina said, referring to the usual contract given by the school to its coach.
Molina said the two parties have only agreed on a new contract just recently due to Racela’s busy schedule in the Southeast Asian Games and in the PBA.
“Actually, after the season pa dapat ito. Last week lang kami nakapag-usap talaga dahil umalis si Nash sa SEA Games. Pirmahan na lang,” said Molina.
Aside from FEU, Racela is also an assistant coach of Gilas Pilipinas that is bound for Spain to see action in the Fiba-World Cup. He was recently moved to Meralco from Talk ‘N Text to be one of the deputies in Ryan Gregorio’s coaching staff.