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The Indiana Daily Student

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Archie Miller's contract details announced

IU men's basketball coach Archie Miller spoke to IU basketball beat reporters Tuesday at the Spirit of '76 Club inside Simon Skjodt Assembly Hall. Miller and his new staff finished up a successful recruiting period April 19 and are looking forward to working an inside-out recruiting mentality focusing heavily on the state of Indiana.

IU Coach Archie Miller’s new contact was unveiled Tuesday.

The contract runs for seven years and will pay Miller an average of $3.35 million per year. He could also potentially earn more than $1 million in bonuses each year.

Miller’s base salary is $550,000 per year, payable in monthly installments. For his outside marketing and promotion, he will receive between $1.65 and $1.95 million a year. This income begins at $1,650,000 a year and increases by $50,000 every year.

Miller will be eligible to earn deferred compensation at an annual rate of $1,000,000.

Based on these, he will be guaranteed to make $3.2 million next season, which will make him the eighth-highest paid coach in college basketball.

Bonuses are a substantial portion of Miller’s contract.

If the team earns an NCAA multiyear APR of 950 or greater, he will receive a bonus of $125,000.

If at the time of the finalization of the schedule, no more than one regular season non-conference opponent has an RPI rating above 300 as reported by espn.com, he shall receive $125,000.

If the team wins the Big Ten regular season championship, he will receive $125,000. If the team wins the Big Ten 
Tournament, he will receive $50,000.

If the team makes the NCAA Tournament, he receives $25,000. If the team makes the Round of 32, he receives $25,000. If the team makes the Sweet 16, he receives $35,000. If the team makes the Elite Eight, he receives $50,000. If the team makes the Final Four, he receives $125,000. If the team wins the National Championship, he receives $250,000.

If he is named Big Ten Coach of the Year by either the Big Ten Conference coaches or media, he receives $50,000.

He receives an additional $50,000 if he is named the Naismith College Coach of the Year, the AP College Basketball Coach of the Year, or the USA Today College Basketball Coach of the Year. He can only earn one bonus in each of these categories.

If IU wants to buyout his contract, IU would owe Miller 100-percent of his remaining salary before March 31, 2022 and 50-percent of his remaining salary any date after that.

He will receive a cell phone stipend of $125 a month and IU will provide him on a loan basis two late model cars.

Also, he gets eight football season tickets, eight passes to all other IU Athletics’ events, two parking passes for football, two parking passes for men’s basketball, unlimited family use of the IU Golf Course, and eight season ticket to regular season home basketball games.

At Miller’s request, he could receive up to 20 single game tickets in the lower bowl at home regular season basketball games.

For Adidas gear, he has an allowance of $10,000 for the placement of orders.

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