Jordan Wells / TheHoosier.com
IU head coach Archie Miller could be rewarded handsomely for his team's performance on and off the court.
According to details released by the program Tuesday morning, Miller's seven-year deal is worth $24 million per year and includes numerous incentives which could increase his annual pay from $3.35 million per year to more than $4 million per year pending athletic and academic bonus goals outlined in the contract that could reach $1 million.
Miller's guaranteed compensation includes a base salary of $550,000 per year for the duration of the contract, which became effective March 25 this year and runs through March 31, 2024, along with $1.65-1.95 million per year in marketing and promotional income and $1 million annually in deferred compensation. He will earn a raise of $50,000 in marketing and promotional income each year for the duration of the deal.
In total, Miller will earn at least $3.2 million in his first season at IU. He could earn an additional $1.035 million through meeting scheduling incentives, academic progress rate (APR) scores, conference and NCAA tournament benchmarks, including:
• $125,000 for NCAA multiyear APR scores over 950.
• $125,000 for playing no more than one regular season non-conference opponent with an RPI rating above 300 as reported on the final ratings of espn.com from the season prior.
• $125,000 for winning the Big Ten Conference regular season title.
• $50,000 for winning the Big Ten Tournament
• $25,000 for qualifying for the NCAA Tournament.
• $25,000 for making the NCAA Tournament Round of 32.
• $35,000 for making the Sweet 16.
• $50,000 for making the Elite Eight.
• $125,000 for making the Final Four.
• $250,000 for winning the national title.
• $50,000 for being named Big Ten Coach of the Year.
• $50,000 for being named National Coach of the Year.
Miller's secondary benefits include eight football season tickets, eight passes to all other IU Athletics competitions, two parking passes for football games, two parking passes for men's basketball games, season credentials for football, season credentials for men's basketball, unlimited family use of the IU golf course and driving range and an annual adidas product allowance of $10,000.
According to terms of the contract's buyout, Miller would owe IU 100 percent of his remaining salary - comprised of base compensation, outside, marketing and promotional income - through March 31, 2019, 50 percent of his salary a year after, $1 million over the next two years and $500,000 in the final two years.
If IU were to terminate Miller, it would owe him 100 percent of his remaining salary through March 31, 2022 and 50 percent of his remaining salary after that time.
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