Archie Miller to earn average of $3.35 million annually on eight-year contract

  • 06/27/2017 9:34 am in

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:

  • HoosierHeel

    Haven’t read the entire contract yet, but the fact that he makes the same amount of money for scheduling only 1 cupcake as he would for winning the B10 or reaching the Final 4 is kind of pathetic. Do we really need to incentive playing less cupcakes as much as reaching the Final 4? Overall though, glad to see Coach is going to get paid for all of the work he is putting in!

  • hardly

    Relax – its only $125k he gets paid for that!! XD

  • HoosierBballNut

    I had the same reaction, the bonuses doesn’t seem to reflect the impact of the achievement :-/

  • HoosierHeel

    Think you missed my point, bud.

  • WhatsUpKnight2.0

    unlimited access to the golf course and driving range, that’d be alright! not a bad course to play either. seems like i heard it’s getting an overhaul?

  • hardly

    nah – i think u missed the sarcasm that he gets paid 125k for not scheduling cupcakes. i was agreeing with you without explicitly doing so. sneaky of me.

  • HoosierHeel

    Lol then you would be correct, I did.

  • pcantidote

    I love that golf course. We used to be able to play for around $5-10 as students. What a deal.

  • inLinE6

    Didn’t look into the contract details, but I’ll be surprised if he doesn’t have access to cars and private jet usage. Do we know the source of the “marketing and promotional income”? Was it from Adidas, or some other partnerships, or donors?

  • John D Murphy

    So far, and without any on win-lose measurement, IU is getting its money’s worth.

  • Ole Man

    This year he is basically stuck with what was already on the table. Going forward, as he has made quite clear if you pay attention, he favors a schedule more like MSU’s; a tougher pre-conference slate of games.

  • John D Murphy

    Side note. Congrats to Eric Gordon for 6th Man of the Year.

  • We’reAllForYou82

    Go earn those bonuses Coach.

  • HoosierHeel

    I have paid attention. Just another reason why it’s a bit rediculous to equate the incentive with a Final Four. It doesn’t really matter, just something that stood out to me as peculiar and pretty silly on the part of Fred Glass who I am assuming had the most pull in setting these bonuses.

  • I don’t see it that way. In fact, one could argue that the first incentive — a tougher schedule — helps with achieving the second — a Final Four. In addition, the schedule impacts attendance, which is clearly important to the university. It was likely thought that Crean’s cupcake schedule was hurting attendance and irritating the fan base, and so the administration wanted to call this out in the package..

    And let’s be real here: there’s nobody who wants to go to the Final Four and beyond more than Archie. He’s as competitive as any fan, and probably more competitive than most. It’s not his compensation that’s motivating him here, and so really this is just the university’s way of having some accounting for what’s important to it.

  • Lance76

    I like your thinking. Meeting our needs is important, but pride and accomplishment motivates most a bit more. I think we are on the right track with CAM. I like what seems to be feistiness and look forward to gaining more insight into his coaching style.

  • Well, it would be difficult to prove either of our points — as you say, correlation isn’t causation. That said, I just don’t see how playing a tougher schedule against the kinds of teams you’re likely to see in the tournament doesn’t make you better. In fact, it’s been an argument here for awhile that playing so many cupcakes did nothing to help the team improve — and I tend to agree with that position. And, of course, having a higher SOS translates into higher seeding in the NCAA tournament, which directly impacts how far you go.

    Now, certainly, how strong you are as a program is the ultimate factor. But you don’t get as strong as you can be by the end of the season without playing the best competition. If that weren’t the case, then SOS would have no factor in how teams are seeded. The NCAA tourney committee would just pick the teams with the best records regardless of schedule and be done with it.

  • WhatsUpKnight2.0

    interesting bit of trivia, i heard it’s the only course nicklaus didn’t shoot under par during his amateur career.

  • HoosierHeel

    Like I said, I question this from the administrative side. Not Archie. Obviously Coach cares more about Final 4s than the extra change on top of his already significant salary.

    But what you just said is my issue (which on a side note I did not think would ellicit much response): if the bonuses are “accounting for what’s important to it,” the University needs to reprioritize a bit because 1 less cupcake does not equal a Final 4 in any way.

    I wrote what i did because to me, the administration equating 1 or 2 less cupcakes to a Final 4 is very strange, and jumps out to me. From a financial side a Final 4 brings in a lot more money than the loss of money from comes from scheduling a 300+ team instead of a 150-300 team, which is what we are dealing with here. This isn’t a bonus for playing top teams, it’s a bonus for playing less bottom feeders. The difference in March from playing the 225th best team instead of the 301st is very debatable. With all of this said, I am just confused as to their stucturing of the deal, but I hope he gets both bonuses many times during his tenure!

  • HoosierHeel

    I think you and I see this clause differently. This clause isn’t for playing top 50 teams, it’s for not playing 300+ teams. It doesn’t encourage the scheduling of top teams, or even high mid majors. It encourages scheduling a team like Milwaukee or FAU instead of Howard. It’s not a bonus for an average RPI of __. That would make sense to me. Regardless it doesn’t matter because Archie has already talked about a tougher schedule and having an Arizona and UK series. We are in good hands with Coach. The administration’s assignment of bonuses is just weird.

  • I’m guessing that scheduling was getting _so bad_ that it was having a real impact on attendance and season ticket sales. So, it was a priority to the university to improve it. But I’m with you: I hope Archie makes many millions of dollars as IU’s coach.

  • Having been privy to some compensation information throughout my career, seeing “weirdness” in such things isn’t at all surprising to me. And note that the university could simply be holding Archie to his word about scheduling, and just didn’t want those bottom-of-the-barrel games scheduled any longer.

  • HoosierHeel

    I agree. That’s the only logical explanation for it, which is sad. But we are in great hands now, and should have exciting Novemeber and December matchups going forward!

  • The ONLY problem I have with IU basketball right now is that November is still too many months away. 🙂

  • HoosierHeel

    Haha very true. Contracts like these are full of head scratchers. And I bet you are right. I could see that being a talking point for Fred Glass in negotiating with Archie. I just wish it was for slightly less than a Final 4 or Big Championship. But I am petty about those things. Thankfully we got a guy who I doubt cares too much about these bonuses overall.

  • HoosierHeel

    Amen!

  • LaFargeinPayroll

    You’re half right. The golf course has been a dump for years and is widely considered the worst in the Big Ten. There are literally hundreds of dead trees and several different lawn diseases that the grasses have. However, they are basically starting from scratch and are going to build an entirely new $11 million course on top of the old one. It will close down this fall for a year, and reopen in late 2018.

  • LaFargeinPayroll

    Then you will be a happy camper in late 2018, when it reopens as an entirely new, legitimate golf course. They’re going to keep the low prices too.

  • LaFargeinPayroll

    Most coaching contracts have a lot of oddly specific incentives. It’s not unusual at all.

  • HoosierHeel

    No one said “oddly specfic.” My issue is with the incentive just being odd in general in terms of how it is compensated at the same level as a B10 Championship or Final 4.

  • HoosierDawg

    In golfspeak, it’s been a goat ranch.

  • Arch Puddington

    I’m OK with coaches earning millions of dollars, and paying millions more for facilities, and administrators, assistant, coaches, trainers, making hundreds of thousands of dollars per year, and spending millions more on marketing, recruiting, and travel. And I’m in favor of all that going up far faster than inflation, year after year, until everyone involved lives on his or her own island. But please, NO MORE COMPENSATION FOR THE PLAYERS. Not a penny. Not a complementary meal here or there, no summer jobs, and certainly no selling their own images, jerseys, or skills. OF COURSE coaches should be paid at market rates, and should be allowed to run camps, get endorsements, and receive whatever freebies the world offers. But not the players. Universities should be free to collude, and Title IX should make sure that not even a player who generates significant revenue for his university gets paid any more than the most obscure scholarship player gets for sitting on the bench in a sport that loses money.

    No, it’s clear. Everyone even distantly associated with D1 sports should be on the gravy train and get as much as they can. Just as long as none of it goes to the players.

  • kurk81

    So, South Florida got eligible to be on our schedule when they beat Kennesaw State and Troy last year in that one exciting 2-game winning streak (only one of the year)? Lose one of those games, and they dip below 300 from that lofty 292 they achieved. That would have gotten either them or Howard left out. Seriously, the strength of schedule incentive is great, but I agree with others that the conference and tourney success incentives look a little cheap.

  • John D Murphy

    Maybe I’m mis-remembering? But weren’t you advocating for holding players to personal service contracts last week. Maybe I’m attributing someone else’s comments to you in my head. If it was you, I’m finding the two opinions together somewhat curious. Please note, I’m not being critical. I know we’re not always in lockstep, but I am always interested in what you post. And I’m genuinely curious about the reconciliation of those two opinions. I’m also assuming the above post was sarcastic.

  • TomJameson

    Not for personal use (not the private jet anyway). But I’d bet a well-off booster might possibly give a lift to Archie and his family for a weekend getaway somewhere.

  • Arch Puddington

    No, you’ve got it right, and I admit it is a contradictory set of positions. If there is a unifying premise between the two, it’s this: college basketball is a business, and all parties involved should be free to pursue it as such. If schools believe it is in their best interest to offer benefits in return for guarantees of service, I am not philosophically opposed to that (although as you pointed out in our exchange on that topic, it’s not that simple as a practical matter). And if players demand a share of the growth in revenue they have largely created, I am in favor of that. If the two are reconcilable at all, it’s along those lines.

    But the two may NOT be reconcilable, so to be clear, player compensation is the issue I find more compelling. If it were up to me, athletes would be allowed to a) major in their sport, with a normal roster of gen-ed requirements included, but with practice, games, and even classes in their sport counting towards a major, b) work with agents, lawyers, accountants, and other professionals for advice, c) get some part of the revenue they generate, and d) earn whatever they could off the court. I mean it quite seriously when I say that I could care less if some car dealer wants to pay players $50k per year to wash cars, greet customers, or be in their ads. Everyone involved is a legal adult, and there is simply no other walk of life, including other scholarship students at a university, who would not be allowed to capitalize on their fame or skill.

    It sounds radical, I suppose, but I have thought about it, read about it, and debated it a lot over the years, and I believe it sincerely.

  • Kyl470

    I would think the bonus for winning the NCAA tournament would have been at least one million.

  • Kyl470

    I agree with you on a lot of points. Personally I think major division one programs should be allowed to offer a major called Professional Athlete. In order to be eligible for this major you must be on scholarship for a sport. Your practice time would count towards half your credit hours. The other half of your credit hours would consist of courses that focused on things like personal finance so you don’t end up on ESPN’s 30 for 30 show about broke athletes. You would also receive courses on things like contract negotiation so you wouldn’t be so dependent on an agent.

  • John D Murphy

    Thanks for the response. I can’t say agree with you but…as always I find posts thought provoking. I think the two of could close a bar without agreeing and be content to do it. Thanks again.

  • It would be that only if the administration thought Archie needed that kind of incentive to pursue a championship. People sometimes forget that these kinds of incentives are just that — incentives, aimed at getting people to do certain things. You don’t pay more than you need to pay, and there’s no reason to offer someone as competitive as Archie a million dollars to do what he would do for free.

  • I’ve read your position on this before, and I disagree with it. However, it’s one of those “I know I disagree, but I haven’t yet identified precisely why” kind of things. So, I’m withholding my disagreement until I can formalize it.

  • Apparently that’s not the case — this was likely his own scheduling. However, it’s also later than most programs schedule, and so the pickings might have been slim.

  • Arch Puddington

    I look forward to the rebuttal!

  • Ole Man

    Actually, Mark, it is the case. Did you not read the article in the forum today?

  • Arch Puddington

    Musicians and thespians can major in their fields, including coursework that involves practice and performance. And like all other students, they can be paid to perform in their fields. I mean, a business student who gets a premier paid internship or a music student who gets a paid gig are rightly seen as successful. But let a scholarship athlete get those same privileges, and it is viewed by some as a corrupt.

    Well, not me. Both of my kids are on full academic scholarships, and there are literally no limitations on what they can do or how much they can earn. They have to live up to the terms of their programs of course — terms that include good behavior stipulations — but they are free to work for pay, start their own businesses, promote their own name and likenesses, consult lawyers, accountants, and other professionals, and earn millions of dollars if they can. Indeed, if they did so, not only would we be proud of them, so would their universities. Think about Mark Cuban. I don’t know if he was on a scholarship, but I do know this: he started a business while at IU, then sold it for $6 million. (This was before his REALLY big business). Everyone, including the administration, is glad to celebrate a business student’s success, even as they tell us that the equivalent success for a scholarship athlete is improper. Oh, they’re all glad to let Lilly King go win a bunch of medals at the Olympics and use her success to promote the university, but let her get paid for it? CORRUPT!

    It’s all just too silly.

  • Check out the thread “Schedule Strength – Comparison” there. Alex makes a couple of interesting observations.

    P.S. Anyone who’s wondering what I’m talking about, go sign up for the premium forum. It’s well worth the money!

  • unclekerfuffle

    I think I like it.

  • Greg M. Bailey

    Did you take into consideration of the stacking affect of the tournament successes? It is not just the bonus he gets for winning the NCAA championship, but I would assume he also still gets the final four, elite eight, sweet 16 and making the NCAA bonuses as well. That is just shy of $500K, not just the 250K for a banner.

  • HoosierBballNut

    True, but if CAM wins the Big Ten Tournament which haven’t done well at for a long time he gets $50.. That is so much lesser than $125 he gets for scheduling only 1 team over 300.. I would just think that you would reward winning more than scheduling at least from an administrators standpoint.. That to me came across as shocking..

  • Greg M. Bailey

    I agree with the B1G tournament comparison. That did seem a little low to me as well.