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Matt Charboneau

Michigan State's Tom Izzo signs new deal worth $6.2M per year

Tom Izzo Michigan State Mich Big Ten Alan Haller Board of Trustees East Lansing Basketball MSU Spartans

EAST LANSING, Mich. — While Tom Izzo has been busy on the recruiting trail, he was also working on a new contract with Michigan State.

The university announced on Thursday it had agreed to a new five-year rollover contract that will pay the Hall of Fame coach $6.2 million annually, making him the second-highest paid coach in college basketball behind Kentucky’s John Calipari.

The contract will be up for formal approval from Board of Trustees at the next meeting on Sept. 9.

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