East Lansing, Mich. – Michigan State men's
basketball head coach Tom Izzo has agreed to terms on a new contract, MSU
Vice President and Director of Athletics Alan Haller announced Thursday. The contract will
require formal approval by the MSU Board of Trustees at their next
meeting (Sept. 9, 2022).
"We greatly appreciate Coach Izzo's commitment to our outstanding
university and his competitive drive to keep Spartan Basketball as
a national powerhouse," said MSU President Samuel L. Stanley Jr.,
M.D. "He is a committed Spartan, full of pride for all that we do –
for all our athletics programs and student athletes, but also for
our academic programs and every single 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 further demonstrates and renews this
commitment," said Haller. "We have worked collaboratively to come
up with a contract which benefits the University, Coach Izzo and
his family.
"Not only is Tom Izzo a Hall of Fame basketball coach, he's a
terrific ambassador for Michigan State University and Spartan
Athletics. He means a great deal to our university, our department,
our community and Spartans around the world. Although his legacy is
cemented with a championship-filled resume, it's very clear that
Coach Izzo's hungry to accomplish even more and bring great pride
to Spartans everywhere. Michigan State is beyond lucky to
have Tom Izzo as our head basketball
coach!"
"Michigan State has been a home to me and my family for 40 years
and I'm ecstatic to sign this contract," said Izzo. "It means a
great deal to me that the Board of Trustees, President
Stanley, Alan Haller and the University
continue to have the confidence in our program as we strive to be
not only the best men's basketball team in the country, but to play
a role in helping every program in the department achieve
success.
"We have worked hard to maintain championship standards and I'm as
energized to coach now as I was when I started as the head coach in
1995. When you look at the last 10-12 seasons in men's basketball
and football, both under Coach Dantonio and Coach Tucker, you'd be
hard-pressed to find a school with more success. But I know the
best is yet to come – not only for our two programs, but for the
entire department. This is 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 tremendous Spartan alumni. I love Michigan State and I 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 related
compensation of $5.92 million per year, including a $2.43 million
base (up from an initial $430K base on his 2018 contract), $3.09
million in supplemental compensation and $400K from footwear and
apparel provider Nike. Total compensation including airplane use
and additional fringe benefits adds up to a yearly compensation
package with a value of approximately $6.2 million per year.
The 2022-23 season will mark Izzo's 28th year as head coach on the
Spartan sideline. A 2016 inductee into the Naismith Memorial
Basketball Hall of Fame, he's already established his status as one
of the game's all-time greats. The new contract serves as a
reminder that he's still looking 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 has guided Michigan State to a Big Ten-record 24 straight NCAA Tournament appearances, while also equaling the record for most NCAA Tournament appearances by a Division I men's coach. Izzo's eight Final Four appearances 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 victories are the fifth most by a coach through his first 27 seasons in college basketball history.
A native of Iron Mountain, Michigan, Izzo has lived in Michigan all of his life other than a seven-week stint at the University of Tulsa in 1986. He's an active volunteer in the community and in 2019, he and wife Lupe, and children Raquel and Steven, launched the Izzo Legacy Family Fund to support local charities and other organizations.