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Michigan State basketball's Tom Izzo signs new rolling contract extension

Detroit Free Press logo Detroit Free Press 8/11/2022 Chris Solari, Detroit Free Press
Michigan State coach Tom Izzo arrives for the second round of the NCAA tournament against Duke in Greenville, South Carolina, on Sunday, March 20, 2022. © Junfu Han, Detroit Free Press Michigan State coach Tom Izzo arrives for the second round of the NCAA tournament against Duke in Greenville, South Carolina, on Sunday, March 20, 2022.

Tom Izzo isn't going anywhere anytime soon.

Michigan State basketball's Hall of Fame head coach agreed to a new contract Thursday that will keep him on the bench as "a Spartan for life," as he promised 12 years ago.

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.

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Contact Chris Solari: csolari@freepress.com. Follow him on Twitter @chrissolari. Read more on the Michigan State Spartans and sign up for our Spartans newsletter.

This article originally appeared on Detroit Free Press: Michigan State basketball's Tom Izzo signs new rolling contract extension

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