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

East Lansing — 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 Sept. 9.

“Twelve years ago, Tom Izzo said he would be a Spartan for Life, and today’s announcement further demonstrates and renews this commitment,” athletic director Alan Haller said in a statement.