South Carolina has rewarded coach Frank Martin's run to the Final Four with a one-year contract extension through the 2022-23 season.

The school made the announcement Friday, while also extending the contract of Dawn Staley, who coached the women's basketball team to the national championship.

"Not only did Frank Martin and Dawn Staley lead their teams to record-setting seasons, but through their leadership, teaching and development of student-athletes, they have established highly successful all-around college basketball programs," athletic director Ray Tanner said in a statement.

"I believe that through the core principle of growing the student-athlete experience, Frank and Dawn are set for continued success in their programs for years to come."

The South Carolina men reached their first Final Four earlier this month, losing to Gonzaga in the national semifinals. The team finished the season with a school-record 26 wins.

"Since Frank has been at South Carolina, he has continued building a program that has seen increased success each season," Tanner said. "I believe his team's Final Four run is representative of the foundation that he has used to build our program. Frank's caring for his student-athletes is something that I think will help sustain his successes here for a long time."