Iowa men’s basketball coach Ben McCollum agreed to a six-year, $22.75 million contract that runs through the 2030-31 season, according to the memorandum of understanding he signed last month.
The document, obtained Friday through an Associated Press public records request, outlines a pay package that lists McCollum’s base salary at $500,000 each year with supplemental pay that increases annually. His formal contract was not available for release, the university said.
McCollum will earn $3.35 million in his first year, with his compensation rising to $4.1 million in the sixth year.
McCollum would be in line for six-figure bonuses if the Hawkeyes reach the NCAA Sweet 16, topped by $400,000 for winning the national championship.