Miller Time: Indiana coach cashes in with $24 million deal
INDIANAPOLIS (AP) – New Indiana coach Archie Miller will make $24 million under his seven-year deal – and potentially even more in bonuses.
Miller accepted the job in March, but the athletic department didn’t announce details of the contract until Tuesday.
He will receive a base salary of $550,000 per year and $1 million in deferred income each season. Miller also will receive an additional $1.85 million in outside marketing and promotional income – and will get a $50,000 per year raise each year through March 2024.
Miller can earn a $250,000 bonus for winning a national championship. He can earn an additional $125,000 for a Big Ten regular-season title, reaching the Final Four and producing multiyear Academic Progress Rate scores over 950.