Agree sman. Let's say we go 14-4 and 24-7 again after the regular season, and going into the conference tourneys most everyone has us in. Then, 4 or 5 bid stealers win conference tourneys, causing some at larges to fall out. Maybe we lose in the conference semis or final and end up with 25 or 26 wins. Would it really be smart to get rid of a coach who went 14-4 and 24-7 each of the last 2 full regular seasons? I would certainly take that every year because it would take some strange events ( like covid cancelling the season, or several cinderellas winning their conference tourneys) for that to not be dance worthy. That is a boat load of wins that very few teams in the country would match.
I would feel the same if the opposite happened, and we had a terrible regular season, the coach lost the team, our future recruiting looked bad, and/or kids were ready to transfer, but then we somehow won our conference conference tourney. I don't think that should mean you automatically keep the coach.