IOWA CITY — With new Nebraska men’s basketball coach Tim Miles earning a reported $1.4 million per season, Iowa Coach Fran McCaffery now ranks near the bottom in pay among Big Ten men’s basketball coaches.
McCaffery picked up $1.1 million in guaranteed salary and outside income this year. Miles’ $1.4 million salary is a $500,000 increase from former coach Doc Sadler — as reported by Omaha World Herald. Among the league’s 10 programs that publicly disclose coaching salaries — not counting Penn State or Northwestern — McCaffery ranks 10th.
Next year McCaffery is set to earn $1.15 million in guaranteed income. Iowa Athletics Director Gary Barta said last week he had not discussed either a new contract or an extension with McCaffery.
“We haven’t talked at all about the future other than it looks great,” Barta said. “There’s still several years left on his contract. Again, what we’ll do is we’ll sit down and talk about the season, talk about how things went and talk about the future.”
Iowa qualified for the National Invitation Tournament and finished with a winning record (18-17) for the first time since 2007. McCaffery earned a $10,000 bonus for the NIT invitation.
In 2010, McCaffery inked a six-year deal with an escalating annual salary. His guaranteed compensation for the first two seasons was set at $1.1 million and boosts by $50,000 each year in McCaffery’s third and fourth seasons. McCaffery’s salary increases by $75,000 each year for the final two seasons, reaching $1.35 million for the sixth year.
McCaffery also can earn up to $100,000 more in incentives for academic performance.
Five Big Ten coaches earn more than $2 million annually, while Michigan State’s Tom Izzo receives a reported $3.49 million. Illinois reportedly will pay more than $2 million to Bruce Weber’s replacement. Weber was paid $1.5 million per year before he was fired earlier this month.
The Chicago Tribune last year reported Northwestern Coach Bill Carmody earned about $1.1 million. As a private institution, Northwestern is not required to release salary information. Penn State also does not disclose salary information because of Pennsylvania law.
Based on various online reports (ESPN, Wisconsin State Journal, Chicago Tribune, Bloomington Times-Herald, Minneapolis Star Tribune, USA Today, Omaha World Herald), here’s approximately what Big Ten’s basketball coaches are slated to receive in annual guaranteed income for the 2012-13 season: