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Cha-ching! Hoops coaches cash in on March Madness, none greater than UM's Kim Barnes Arico

Forget the pizza party. Let them eat steak.

Three state of Michigan college basketball coaches collected substantial performance bonuses during March Madness, though nobody padded their paycheck like Michigan women's coach Kim Barnes Arico.

Barnes Arico, who guided the Wolverines to the program's first trip to the Elite Eight, will be due at least $120,000 in bonuses — including $100,000 for making the Elite Eight, plus another $20,000 for being named Big Ten coach of the year. She could earn $50,000 more if she wins a national coach of the year award; if she collects one of those awards, her salary will top $1 million for the 2021-22 season under terms of the extension she signed last year that pays her a base of $850,000.