Price's daughter is Sports Illustrated model Chanel Iman, who married NFL wide receiver Sterling Shepard in 2017.

He is married to the former Jamie Lynn Simms, and the couple has two children - son, Ryan, a college basketball coach who played for his father at McNeese, and daughter, Chanel.

He is also releasing a book focusing on his life and coaching career titled Locker Room Talk in 2022.

After a 20-win inaugural season, Price led the Privateers to a mark of 21–9 in 1995–96, claiming the Sun Belt Conference championship with a 57–56 victory over Arkansas–Little Rock and received a bid to the NCAA tournament where the team lost to North Carolina.

In his first year at the helm, Price and the Tigers exceeded all expectations by going 17–12, winning the National Division of Conference USA and advancing to the NIT.

Prior to the 2001–02 season, Price took over the McNeese State program following Ron Everheart leaving to coach Northeastern University.

[4] On March 18, 2014, Lamar removed the "interim" tag from Price's title and formally named him as its 11th head coach.