Indiana men's basketball coach Mike Woodson has received an annual $1 million raise to the contract he signed in 2021, according to an IU Athletics release Friday. The third-year head coach will now earn $4.2 million annually for the remaining four years in his current contract.
Woodson is one of the three highest-paid men’s basketball coaches in the Big Ten annually, per release. Over the past two years, Woodson has led Indiana to back-to-back NCAA Tournament appearances for the first time since the 2015 and 2016 seasons. During that two-year span, Indiana went 44-26 overall and 21-19 in Big Ten play. This past season, the Hoosiers earned their highest NCAA Tournament seed — No. 4 — in 11 years, per release.
"Coach Woodson immediately re-inserted our program into the national conversation both in terms of an elevated level of success on the court and in recruiting," IU Vice President and Director of Athletics Scott Dolson said in the release. "I believe under Coach Woodson's leadership, we have positioned the program to compete at the highest levels in recruiting, which in turn will enable us to compete at the highest levels within the Big Ten and in the NCAA Tournament."