DeVries to make at least $27M over Indiana offer

New Indiana coach Darian DeVries ‘six-year agreement will pay him a minimum of $27 million, according to a binding term sheet he signed in March after accepting the job.The document was revealed Thursday by the athletic department.DeVries ‘annual average wage of$4.5 million would have been fourth among Huge 10 coaches last season, trailing Tom Izzo of Michigan State, Matt Painter of Purdue and Brad Underwood of Illinois. Previous Hoosiers coach Mike Woodson made $4.2 million last season, according to the USA Today database that was updated last month.Editor’s Picks It’s a substantial pay increase from the$2.9 million DeVries earned in his only season at West Virginia.DeVries is arranged to make an annual base salary of$550,000 over the next 6 seasons while earning an extra$3.7 million in extra income next season– a number that increases by$100,000 annually over the last five seasons of the deal.Plus, DeVries will be qualified for yearly bonuses.The provisions consist of$125,000 if he wins a Huge 10 regular-season title,$50,000 for a conference competition crown or

if he is called Big 10 coach of the year by either the coaches or media and $25,000 for making the NCAA Competition, with higher payouts for advancing in the tourney, up to $250,000 for each national title he contributes to the school’s previous five.University authorities will be on the hook for 80%of the base salary and additional earnings of the staying total if DeVries is fired without cause.If DeVries were to leave, his buyout would be $10 million in 2026 and would decrease by $2 million per season over each of the next 2 years before dropping to $3 million in the fourth year of the deal. That number goes to$1

million in 2030 in the past hitting absolutely no in 2031. Indiana likewise consented to cover the cost of DeVries’$ 6.15 million buyout at West Virginia in a”way that will be tax-neutral”to DeVries. The Mountaineers worked with Ross Hodge as coach in late March.Hoosiers athletic director Scott Dolson likewise wrote that the signed file would work as a contract till one can formally be finished.