East Lansing, Michigan – Michigan State Men’s Basketball Head Coach Tom Izzo agreed to terms of a new contract, MSU vice president and athletics director Alain Haller announced Thursday. The contract will require formal approval from the MSU Board of Directors at its next meeting (September 9, 2022).
“We greatly appreciate Coach Izzo’s commitment to our outstanding university and his drive to make Spartan Basketball a national power,” said MSU President Samuel L. Stanley Jr., MD. “He is a committed Spartan, full of pride in all that we do – for all of our athletics programs and student-athletes, but also for our academic programs and every student on our campus. On behalf of the Board of Trustees , we are all grateful for his continued leadership at MSU.
“Twelve years ago, Tom Izzo said he would be a Spartan for life, and today’s announcement demonstrates and renews that commitment,” Haller said. “We worked together to find a contract that benefits the University, Coach Izzo and his family.
“Not only is it Tom Izzo A Hall of Fame basketball coach, he is a tremendous ambassador for Michigan State University and Spartan Athletics. He means a lot to our university, our department, our community and to Spartans around the world. Although his legacy is cemented by a resume filled with championships, it’s very clear that Coach Izzo is hungry to achieve even more and bring great pride to Spartans around the world. The State of Michigan is more than fortunate to have Tom Izzo as a basketball head coach!”
“Michigan State has been a home to me and my family for 40 years and I’m thrilled to sign this contract,” Izzo said. “It means a lot to me that the Board of Directors, Chairman Stanley, Alain Haller and the University continue to have confidence in our program as we strive to not only be the best men’s basketball team in the country, but also play a role in helping every program in the department succeed.
“We’ve worked hard to maintain championship standards and I’m as motivated to coach now as when I started as head coach in 1995. When you look at the last 10-12 seasons of men’s basketball and football, both under Coach Dantonio and Coach Tucker, you would be hard pressed to find a more successful school, but I know the best is yet to come, not just for our two programs, but for the entire department. It’s an exciting time for Michigan State and there’s no better place to be in college athletics, with the support we have from the University, our students, our community, and the amazing Spartan alumni. I love Michigan State and am proud and excited to continue the hard work to bring another national championship to East Lansing.”
Izzo’s five-year rollover contract includes non-performance compensation of $5.92 million per year, including a base of $2.43 million (compared to an initial base of $430,000 on his contract). from 2018), $3.09 million in additional compensation and $400,000 from the footwear and apparel supplier. Nike. Total compensation, including use of the aircraft and additional benefits, adds up to annual compensation worth approximately $6.2 million per year.
The 2022-23 season will mark Izzo’s 28th year as head coach on the Spartan sideline. Inducted into the Naismith Memorial Basketball Hall of Fame in 2016, he has already established his status as one of the greatest players of all time. The new contract reminds him that he is always striving to reach even greater heights.
Izzo’s list of accomplishments includes the 2000 NCAA National Championship, 10 regular-season Big Ten championships, six Big Ten tournament titles, eight Final Four appearances, and eight National Coach of the Year awards. He guided Michigan State to a record 24 consecutive NCAA Tournament appearances, while tying the record for most NCAA Tournament appearances by a male Division I coach. Izzo in the Final Four rank fifth in college basketball history and first among active coaches, with no other active coach totaling more than five appearances.
With a career record of 666-267, Izzo has compiled more overall wins at a Big Ten school than any coach in conference history. The 666 wins are the fifth by a coach in his first 27 seasons in college basketball history.
Originally from Iron Mountain, Michigan, Izzo has lived in Michigan his entire life except for a seven-week stint at the University of Tulsa in 1986. He is an active volunteer in the community and in 2019, he and his wife Lupe, and children Raquel and Steven started the Izzo Legacy Family Fund to support local charities and other organizations.