If you think of March Madness, only one name stands next to the sport’s best—Tom Izzo. The Michigan State men’s basketball head coach has built a legacy since joining the Spartans as a head coach in 1995. 30 years in, he became the longest-tenured basketball coach in the Big Ten Conference. And it hasn’t been a plain long journey. A national championship, eight Final Four appearances, and 10 conference titles— the exemplary success has rightly earned him the nickname, “Mr. March.”
But how much has the Hall of Famer raked up? Let’s take a look at Tom Izzo’s career earnings in 2025.
What is Tom Izzo’s contract with the Michigan State Spartans? How long is the deal?
The current contract Tom Izzo has with Michigan State reflects the success that is his resume. Izzo’s contract, signed in 2022, is a five-year rolling contract — the first of its kind in school history — that works as it sounds: The five-year pact renews automatically every year, giving it a perpetual five-year term unless terminated. Basically, it means as long as Izzo is the head coach, his contract doesn’t end.
Feb 2, 2021; Iowa City, Iowa, USA; Michigan State Spartans head coach Tom Izzo reacts during the second half against the Iowa Hawkeyes at Carver-Hawkeye Arena. Mandatory Credit: Jeffrey Becker-USA TODAY Sports
As per the deal, Izzo makes close to $6.2 million a year, placing him among the biggest earners in college basketball. 4th to be precise. Breaking it down further, $5.92 million of that total is non-performance-related compensation, which includes a base salary of $2.43 million. Further, he will receive about $3.09 million in supplemental compensation and $400,000 from Nike.
“…We have worked hard to maintain championship standards, and I’m as energized to coach now as I was when I started as the head coach in 1995,” Izzo had said as he signed the contract in 2022. If he were to be fired, the coach’s buyout is reported to be $7 million.
How much will Tom Izzo earn in the 2024-25 NCAA season?
Tom Izzo will earn $6,196,879 in the 2024-25 NCAA season. The total includes $5,771,879 in university compensation and $425,000 in other payments.
There’s also potential for performance-based bonuses. For Izzo that stretched to $750,000. But that’s not where the incentive ends. A Michigan State Final Four appearance would net the head coach $25k, while winning the national championship would give him an additional $50k. Bonuses show that his payout is based on the Spartans’ performance, and it’s clear that Izzo is motivated by more than just his salary.
Component
Amount
$425,000
Total Pay (Guaranteed)
$6,196,879
Maximum Bonus Potential
$750,000
Nike Bonus (Final Four)
$25,000
Nike Bonus (National Champ)
$50,000
What was Tom Izzo’s previous contract with the Michigan State Spartans?
Prior to his current contract, Izzo’s 2019 deal ran through 2022 and had him earning a base salary of $430,000 and $3.09 million in supplemental pay for a total of roughly $3.52 million per year.
The contract came with a handful of perks. He was eligible for a retention bonus of $4 million if he remained with Michigan State through April 30, 2022; the bonus was forfeited if he voluntarily left the job for another coaching position. Performance bonuses were built into the deal as well — $100,000 for a Big Ten regular-season championship, $250,000 for a national title, among other tournament achievements. Izzo’s 2019 contract also included a five-year, post-retirement role with Michigan State, earning him $250,000 per year to assist with university advancement after his coaching days are over.
What is Tom Izzo’s net worth in 2025?
As of March 2025, Tom Izzo’s net worth is $13 million, and it hasn’t moved in quite some time. For starters, it’s an impressive number to begin with, considering most of it came from being Michigan State’s head coach. And it’s no easy job to last through it for over three decades, only the most dedicated people can weather it out.
Endorsements are a big part of Izzo’s wealth as well. His annual deal of $400,000 with Nike is his main earning there, but surely there are other investments and deals that he has behind the scenes that seed his net worth. While details on that are not available to the public, we can safely assume that his legacy as one of the greatest college basketball coaches of all time sure has earned him a good number.
His incredible contract and fortune are a reflection of just how much he’s done for Michigan State and college basketball as a whole.
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