Otzelberger’s annual pay bundle at Iowa St is $1.5 million

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AMES, Iowa (AP) — New Iowa State males’s basketball coach T.J. Otzelberger will probably be paid $1 million per 12 months with a further $500,000 in supplemental advantages below phrases of his five-year contract launched Monday.

Otzelberger’s base pay is $300,000, and he receives $700,000 for public appearances, talking engagements and media obligations. The supplemental advantages embody college contributions to his retirement plan.

Otzelberger will obtain a bonus if the Cyclones are among the many high 4 seeds within the Large 12 Match, with the No. 1 seed incomes him $250,000. He would earn $100,000 for profitable the convention match, $50,000 for an at-large NCAA Match bid and $50,000 for every win within the match.

The college is offering a car to Otzelberger and paying for his Ames Nation Membership membership.

Iowa State additionally agreed to pay $3.4 million to purchase out his contract at UNLV, the place he coached the previous two years. Otzelberger was incomes $1.2 million per 12 months at UNLV.

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Extra AP faculty basketball: https://apnews.com/hub/College-basketball and https://twitter.com/AP_Top25

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