Coaches in college basketball these days tend to have incentives, bonuses and fringe benefits written into their contracts, and new Indiana University coach Archie Miller is no exception.
If the Hoosiers were to have a dream season, winning the Big Ten regular-season title, Big Ten tournament and national championship, Miller would stand to make another $660,000 in performance bonuses, according to information IU released Tuesday.
Athletic director Fred Glass disclosed at Miller's March 27 introductory press conference that his contract runs for seven years and pays him an average of $3.35 million annually.
Further details of the pact reveal Miller pockets $125,000 for winning the Big Ten regular-season title, $50,000 winning the conference tournament, $25,000 for making the NCAA tournament, $35,000 for reaching the Sweet 16, $50,000 for reaching the Elite Eight, $125,000 for reaching the Final Four, $250,000 for winning the national championship, $50,000 for winning Big Ten Coach of the Year and $50,000 for winning national coach of the year honors.
Miller's annual base salary will be $550,000, but that is bolstered by a yearly supplemental income of at least $1.65 million in marketing and promotions. The latter figure increases by $50,000 each year.
Miller also receives $1 million a year in deferred compensation, making the total value of the deal approximately $24 million.
It's not all about getting it done on the court, either, for Miller's contract to mean more cash. He has academic and scheduling incentives written into its terms.
For instance, Miller could earn $125,000 if his players meet certain Academic Progress Rate standards and post multiyear APR scores over 950.
In perhaps the quirkiest part of the deal, Miller gets another $125,000 if Indiana's regular-season schedule includes more challenging nonconference opponents. Specifically, the Hoosiers cannot play more than one team ranked 300th or worse in Ratings Percentage Index the previous season in order for Miller to receive that bonus.
The Hoosiers are coming off an 18-16 season in which they missed the Big Dance due in part to ranking 81st in RPI. The metric, which is employed by the NCAA tournament selection committee to help select and seed the field, heavily weighs a team's strength of schedule, and Indiana faced six teams that were 200th or worse in RPI.