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.

The video board at Assembly Hall on the campus of Indiana University welcomes new men’s basketball coach Archie Miller on Monday, March 27, 2017.

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.

 

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