Womens basketball coach is not high profile.
Shes getting another year because its a non revenue sport and she hasnt been awful enough to fire.
So, this is pretty much another way of saying that only Football matters. I don' think it is quite that simple.
Minor point: I would be surprised if the LVs through ticket and merchandising don't earn some positive revenue for UTAD.
More importantly, LVs basketball has a nationally recognized legacy and the program still commands considerable media attention. Fulmer is not going to just ignore it.
And the fact that people do monitor what is going on with LV basketaball is what makes the situation tricky for the AD As a new AD, who came into power under controversial circumstances, the last thing he wants is to open a new point of controversy; if you fire Holly, you can bet that a major media narrative would be that her overall record was solid, she had some accomplishments, and a strong recruiting classes (and who ever stepped into the new coaching slot would similarly face a lot of controversy).
Maintaining the status quo will generate a lot less scrutiny.
So, Fulmer gives Holly an extension of some length but waits to see what happens next season. It is easy to see that if the team had a similar outcome, poor conference finish and not making it to the Sweet 16 for the third year, Fulmer could say, we gave her a chance but we need to go in a different direction, thanks for your service.
Where it gets more interesting is if the LVs say, finish 2nd or 3rd in the conference (with 25 plus wins) and make it to the Sweet 16. That finish would be relatively disappointing by historic standards but it would be an improvement over the last 2 seasons (and one that would arise while replacing MR and JN).
Like it or not, that level of performance would likely keep Holly on the job.