Archie Miller to earn average of $3.35 million annually on eight-year contract
Indiana released the full terms of Archie Miller’s contract early Tuesday morning and the eight-year deal is worth an average of $3.35 million in annual compensation.
According to the terms of the contract, Miller will be paid a base salary of $550,000 per year and will earn an between $1.65 and $1.95 million annually in outside marketing and promotional income.
Miller will also earn $1 million annually in deferred compensation.
Bonuses are also a big part of the deal, as outlined below:
· $125,000 for NCAA multi-year 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
· $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 NCAA Championship
· $50,000 for being named Big Ten Coach of the Year
· $50,000 for being named National Coach of the Year
Additionally, the deal states that the university agreed to pay up to $500,000 to the University of Dayton to “pay the liquidated damages that the Employee may own for the early termination of Employee’s contract.”
Miller will also have access to eight football season tickets, eight passes to all other IU Athletics’ competitions, two parking passes for football, two parking passes for men’s basketball, season credentials for football, season credentials for men’s basketball, unlimited family use of IU golf course and driving range and adidas apparel and gear as specified in the agreement.
Here are the terms of Miller’s buyout, if he leaves for another job:
If Indiana terminates Miller, here are the terms of his buyout:
The complete contract can be viewed below:
Filed to: Archie Miller