Michigan State and Tom Izzo have agreed on a new contract that renews his commitment to be a “Spartan for life,” the school announced on Thursday.
The five-year “rollover” deal will pay Izzo a total of $5.92 million per year in base pay, before benefits and potential bonuses based on the Spartans’ success on the court. A rollover deal automatically extends by one season annually, unless the deal is terminated or the school informs the coach by a certain date each year that the automatic rollover clause will not be extended.
“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 the school’s announcement. “It means a great deal to me that the Board of Trustees, President Stanley, Alan Haller and the University continue to have the confidence in our program as we strive to be not only the best men’s basketball team in the country, but to play a role in helping every program in the department achieve success.”
