Michigan State has signed coach Tom Izzo to a new deal valued at $6.2 million per season, giving him about $2 million more each year.
The school announced the deal Thursday, saying that the five-year rollover contract will need to be approved by its board next month.
“Michigan State has been a home to me and my family for 40 years and I’m ecstatic to sign this contract,” said Izzo, who was hired at the school by the late Jud Heathcote as a part-time assistant in 1983.
Izzo, 67, who was inducted into the Basketball Hall of Fame in 2016, won a national championship in 2000 and leads all active coaches with eight Final Four appearances. He led Michigan State to a Big Ten-record 24th straight NCAA Tournament last season. He has won the Big Ten title 10 times in the regular season and six conference tournament championships.
“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,” Izzo said.
Izzo was promoted from assistant to head coach to replacing the retiring Heathcote.
