Michigan State and Tom Izzo have agreed on a new contract that renews his commitment to be a “Spartan for life,” the school announced on Thursday.
The five-year “rollover” deal will pay Izzo a total of $5.92 million per year in base pay, before benefits and potential bonuses based on the Spartans’ success on the court. A rollover deal automatically extends by one season annually, unless the deal is terminated or the school informs the coach by a certain date each year that the automatic rollover clause will not be extended.
“Michigan State has been a home to me and my family for 40 years and I’m ecstatic to sign this contract,” Izzo said in the school’s announcement.