Michigan men’s basketball coach Juwan Howard will receive a significant pay increase under his new five-year extension.
Howard will receive a total base compensation of $3.25 million this season under his restructured contract that was announced Tuesday, up from the $2.2 million he was set to earn this year under his original deal when he was hired in May 2019, according to contract terms obtained by The News on Wednesday.
Howard’s compensation will increase to $3,315,000 in 2022-23, to $3,381,300 in 2023-24, to $3,448,926 in 2024-25 and to $3,517,905 in 2025-26. The total value of the contract will be roughly $17 million, before bonuses.