Men's Basketball

    IU Announces New Agreement with Head Coach Mike Davis

    Go Hoosiers!
    Go Hoosiers!

    Go Hoosiers!

    May 23, 2002

    Bloomington, IN- Indiana University has reached a six-year agreement with Mike Davis as the men's basketball head coach, that extends through the 2007-2008 season. Davis will receive a base salary of $225,000 and $25,000 in deferred compensation annually. He will also earn $550,000 in guaranteed outside, marketing and promotional income each year..

    "It is an honor to know that I will be the head coach at Indiana University for the next six seasons. My family and I thank the university and athletic department for the support that they have provided. I certainly want to pay special thanks to my assistant coaches and staff, without them this would not all be possible," Head Coach Mike Davis said. "Indiana is a special place for college basketball and I am honored to be a part of it."

    "We appreciate the hard work and dedication Mike and his staff have demonstrated in preserving the proud tradition of Indiana Basketball. This past season is a great story, about a group of student-athletes who believed in each other and played well together. They brought a lot of pride to the university, the community and the state" Director of Athletics Michael McNeely said.

    Davis' contract also includes a number of incentives relating to Big Ten Championship performance, NCAA Tournament performance and team academic performance. There is also a three-year performance incentive if Davis remains the IU men's basketball head coach through July 1, 2005.

    Here is a look at the incentives:
    Big Ten outright regular season championship
    $25,000, but will earn $50,000 if the team GPA exceeds 2.3.

    Big Ten shared regular season championship
    $12,500, but will earn $25,000 if the team GPA exceeds 2.3.

    Big Ten post season tournament championship
    $6,250, but will earn $12,500 if the team GPA exceeds 2.3.

    Advances to the NCAA Tournament final 16
    $5,000, but will earn $10,000 if the team GPA exceeds 2.3.

    Advances to the NCAA Tournament final eight
    $7,500, but will earn $15,000 if the team GPA exceeds 2.3.

    Advances to the NCAA Tournament final four
    $12,500, but will earn $25,000 if the team GPA exceeds 2.3.

    Advances to the NCAA Tournament championship game
    $12,500, but will earn $25,000 if the team GPA exceeds 2.3.

    Wins the National Championship
    $12,500, but will earn $25,000 if the team GPA exceeds 2.3.

    Team GPA exceeds 3.3 in the corresponding academic year
    $25,000

    Remains the men's basketball coach until July 1, 2005
    $300,000

    Remains the men's basketball coach until July 1, 2006
    $100,000

    Remains the men's basketball coach until July 1, 2007
    $100,000

    Remains the men's basketball coach until June 30, 2008
    $100,000
     

     


       

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