Following his playing days he became an assistant coach under Lee Rose at UNC Charlotte, helping the 49ers to reach the 1977 NCAA Final Four. After Rose accepted the head coaching job at Purdue following the 1977–78 season, Pratt was chosen as his successor. Pratt coached the 49ers for four seasons, compiling a record of 55–52 before being relieved of his duties following the 1981–82 season.
Pratt now does analysis on radio broadcasts of University of Kentucky basketball games. In 2009, he was inducted into the University of Kentucky Athletics Hall of Fame.