Michigan State basketball's Tom Izzo signs new rolling contract extension
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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 12 years ago.
Izzo’s five-year rollover contract includes non-performance related compensation of $5.92 million per year, including a $2.43 million base (up from an initial $430K base on his 2018 contract), $3.09 million in supplemental compensation and $400K 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.
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Contact Chris Solari: csolari@freepress.com. Follow him on Twitter @chrissolari. Read more on the Michigan State Spartans and sign up for our Spartans newsletter.
This article originally appeared on Detroit Free Press: Michigan State's Tom Izzo signs new deal making him 'Spartan for life'
