Michigan State has signed men’s collegiate basketball coach Tom Izzo to a new five-year deal worth $6.2 million per season, earning him about $2 million more each year.
The school announced the deal Thursday, saying the rollover contract will need approval from its board next month.
“We greatly appreciate Coach Izzo’s commitment to our outstanding university and his competitive commitment to maintaining Spartan Basketball as a national powerhouse,” University President Samuel Stanley said in a statement.
Izzo, inducted into the Basketball Hall of Fame in 2016, won a national championship in 2000 and leads all active coaches with eight Final Four appearances. He led Michigan State to their 24th straight NCAA tournament last season. He has won the Big Ten regular-season title ten times and six conference tournament championships.
Izzo, 67, has managed the Spartans since the 1995-96 season when he was promoted from assistant to head coach, replacing the retiring Jud Heathcote.
After a slow start, the die-hard coach transformed the program into a national powerhouse by focusing on putting on rebounds, defense and high-profile competition before the Big Ten played each season.
“Michigan State has been a home to me and my family for 40 years and I am thrilled to sign this contract,” Izzo said in the statement.
The Associated Press contributed to this report.
https://www.espn.com/mens-college-basketball/story/_/id/34384882/michigan-state-men-college-basketball-coach-tom-izzo-gets-new-5-year-31-million-deal Michigan State men’s college basketball coach Tom Izzo gets new 5-year, $31 million deal