MUScoop
MUScoop => Hangin' at the Al => Topic started by: NavinRJohnson on March 23, 2007, 08:32:53 AM
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Michigan State coach Tom Izzo would be a popular choice. He has won a national title and been to four Final Fours with the Spartans, including 1999 and 2005, when his team defeated UK in the Elite Eight. But he reportedly earned more than $7 million last season in salary and bonuses and is a Michigan native, so he might be strongly motivated to stay.
I guess I knew he was well paid, but $7 mil!? I think its safe to assume we can scratch him off UK's list, which should also eliminate the heavily floated Izzo to UK, Crean to MSU scenario.
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Wow! That would make him one of the highest paid in the biz, and I tend to doubt that..., at least in salary and bonuses. Total income might be near there w/ his 'sneaker-juice', tv shows, radio shows, endorsements, etc.
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I think its time to ask...is MSU getting its money's worth? I mean 7 mil for a 2nd round loss and a middle of the pack B11 finish? I think its time for them to move on. ::)
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I've seen other mentions about Izzo getting a one-time "loyalty" bonus of about $5 Million from MSU, so that might be part of it. That would mean his salary next year might go back to around $2 Million.
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Izzo compensation breakdown...
2006 Salary $1,798,964
2006 Bonus $5,800,000 (part of a $9.8 million bonus package through 2010. 2006 bonus pay was for "recognition of national championship and three Final Fours." He will pocket an additional $4 million if he's still the MSU coach on April 30, 2010.)
2006 Nike pay $300,000 (w/additional $25,000 merchandise credit)
Misc income from local endorsements, tv/radio shows.
Based on these numbers, I doubt he's going anywhere any time soon.
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latest on Scout
http://story.scout.com/a.z?s=48&p=2&c=629171