EAST LANSING, Mich. (Michigan News Source) – Tom Izzo is Michigan State basketball and on August 11 he etched his name for life into the program. Vice President and Director of Athletics Alan Haller said that he and Izzo had agreed to terms on a new contract that will need formal approval on September 9 at the MSU Board of Trustees meeting.

“Twelve years ago, Tom Izzo said he would be a Spartan for Life, and today’s announcement further demonstrates and renews this commitment. We have worked collaboratively to come up with a contract which benefits the University, Coach Izzo and his family,” said Haller.

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The contract is a five-year rollover that includes non-performance related compensation of $5.92 million per year, including a $2.43 million base (up from an initial $430,000 base on his 2018 contract), $3.09 million in supplemental compensation, and $400,000 from footwear and apparel provider Nike. With the compensation of airplane use and other fringe benefits it all adds up to a value of approximately $6.2 million per year.

“Michigan State has been a home to me and my family for 40 years and I’m ecstatic to sign this contract. It means a great deal to me that the Board of Trustees, President Stanley, Alan Haller and the University continue to have 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,” says Izzo.

Izzo will be in his 28th season in 2022-23 and was a 2016 inductee into the Naismith Memorial Basketball Hall of Fame. He won the 2000 NCAA National Championship, 10 regular season Big Ten Championships, six Big Ten Tournament titles, eight Final Four appearances, and eight National Coach of the Year awards.

“This is an exciting time for Michigan State and there’s no better place to be in college athletics, wth the support we have from the University, our students, our community and tremendous Spartan alumni. I love Michigan State and I am proud and excited to continue the hard work to bring another championship to East Lansing,” said Izzo.