Michigan State's Tom Izzo signs new deal making him 'Spartan for life' – USA TODAY

Tom Izzo isn’t going anywhere anytime soon.
Michigan State basketball’s Hall of Fame head coach agreed to a new contract Thursday that will keep him on the bench as “a Spartan for life,” as he promised in 2010.
It also will make him the second highest-paid coach in college basketball, a deal worth nearly $6 million per season.
According to USA TODAY Sports’ annual database, Izzo ranked third in total compensation during the 2021-22 season with the addition of his $4 million bonus. Without it, his $4,342,321 in compensation would have ranked 10th among Division I coaches in the survey.
Izzo’s new annual package would put him behind only Kentucky’s John Calipari ($8.6 million). Kansas’ Bill Self made $10.18 million in 2021-22, which also included a $4.5 million retention bonus to his $5,684,282 annual compensation. Both Duke’s Mike Krzyzewski ($7.35 million) and Villanova’s Jay Wright ($6.19 million) retired after last season.
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“Michigan State has been a home to me and my family for 40 years, and I’m ecstatic to sign this contract,” Izzo said in a statement. “…We have worked hard to maintain championship standards, and I’m as energized to coach now as I was when I started as the head coach in 1995.”
According to the university, Izzo’s new five-year rollover contract includes non-performance-related compensation of $5.92 million per year, including a $2.43 million base that is up from an initial $430,000 base on his 2018 contract. The 67-year-old will receive $3.09 million in supplemental compensation and $400,000 from footwear and apparel provider Nike. Total compensation including airplane use and additional fringe benefits adds up to a yearly compensation package with a value of approximately $6.2 million per year.
Izzo, approaching his 28th season as MSU’s head coach after arriving as a graduate assistant in 1983, got a one-time, $4 million payment on April 30 “in recognition of his long service to the University.” His contract was amended in 2019 to include that retention bonus, which was the first time his contract had been substantially changed in nearly a decade. He signed his previous deal in 2009, and it had not been amended since 2010.
The new contract for Izzo comes on the heels of football coach Mel Tucker signing a 10-year, $95 million contract in November. Izzo’s deal must be approved by MSU’s Board of Trustees at their next meeting Sept. 9.
It also comes after Izzo landed four top-100 recruits for his 2023 class, including potential No. 1 overall player Xavier Booker.
“Twelve years ago, Tom Izzo said he would be a Spartan for Life,” athletic director Alan Haller said in a statement, “and today’s announcement further demonstrates and renews this commitment.”
Izzo is Michigan State’s all-time winningest basketball coach with a 666-267 overall record and owns the most wins at a single Big Ten school. He guided the Spartans to the 2000 national title, eight Final Four appearances and 24 consecutive NCAA tournament berths, which is tied with former Duke coach Krzyzewski for the most by a head coach in Division I history. Izzo also owns 10 Big Ten regular-season titles, six postseason tournament crowns and eight national coach of the year awards.
Contact Chris Solari: csolari@freepress.com. Follow him on Twitter @chrissolari


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