Mike Woodson receives $1 million raise per year on remaining four years of his contract

Indiana announced an annual raise of $1 million for coach Mike Woodson on Friday.

Here are the full details, via a release from the athletic department:

BLOOMINGTON, Ind. – After guiding the Indiana men’s basketball program to its first back-to-back NCAA Tournament appearances in a decade, IU head coach Mike Woodson has earned a $1 million per year raise on the contract he originally signed in 2021.

Woodson will earn an average of $4.2 million annually on the remaining four years of his contract. The salary adjustment makes the third-year IU head coach one of the three highest-paid men’s basketball coaches in the Big Ten.