New coach Niko Medved set to make $3 million a year.

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I thought it would be higher. That has to be close to the bottom, if not the bottom, of the Big Ten still.
 



MaxyJR1 said:
Actually less than I thought would be needed.
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Does it include everything? Media, camps, endorsements, etc? Still a really nice raise. I would not turn down a 35% increase or demand more for that matter.
 





Probably why he got a 6 year deal...
 






NoelarBear said:
www.twincities.com

Details on new Gophers coach Niko Medved’s contract

New Gophers men’s basketball coach coach Niko Medved will earn $1 million more than what previous U coach Ben Johnson made last season, according to the U’s memorandum of understanding shared Tuesd…
www.twincities.com www.twincities.com
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Link to this story is free.

New Gophers men’s basketball coach coach Niko Medved will earn $1 million more than previous coach Ben Johnson received last season, according to the U’s memorandum of understanding.

Medved, who was hired Monday, will receive an annual base salary of $400,000, plus $2.6 million in annual supplemental pay for a total compensation of $3 million, with an annual escalator in supplemental pay of $100,000, according to the U memo shared with the Pioneer Press via a data request.

Medved’s full contract is due within two weeks and will need Board of Regent approval.

Johnson received $2 million last season, per his contract. Johnson was the lowest-paid coach in the 18-team Big Ten Conference last season, per USA Today. USC coach Eric Musselman‘s salary was not included in the database.

Medved was earning $1.7 million at Colorado State before taking the Minnesota job. His new $3 million salary would rank 16th in the Big Ten based on last year’s data.

“It is with great anticipation and enthusiasm that I make this offer,” athletics director Coyle wrote in the memo. “… I have every confidence that you will lead our men’s basketball program with integrity and pride and I look forward to welcoming you as a member of the Golden Gopher family.”

Here are some other key details from the Medved memo:

Length: Medved’s contract will run six years, through the 2030-31 season.


Raises: With $100,000 annual increases, Medved is scheduled to make $3.5 million in the final year of his contract.

Extension? The U and Medved agree to “engage in a good faith review of the contract terms and provisions” within two months of the end of Year 2 of the contract to “determine if any enhancements should be made.”

Previous buyout: The U said it will “cover the cost of any buyout or early termination fee up to and not exceed $3.1 million as the result of terminating your contract to accept the (Minnesota) position.”

New Medved buyout: If Medved leaves the U to accept a broadcasting or coaching position at any level, he owes the U:

— $10 million before April 14, 2026
— $7 million between April 15, 2026 and April 14, 2027
— $5 million between April 15, 2027 and April 14, 2028
— $3 million between April 15, 2028 and April 14, 2029
— $500,000 between April 15, 2029 and April 14, 2030
— $0 after April 14, 2030

Medved also agrees to not seek or apply for other positions without prior notice to the AD.

New U buyout: If the U terminates Medved’s contract without cause before April 14, 2028, the fee is equal to the full amount of remaining total compensation on the full term of the deal. If notice is given between April 14, 2028 and April 14, 2031, the U will pay a fee of 75% of the remaining total compensation on the contract. Medved will need to seek comparable employment and any amounts earned in subsequent employment will be deducted from the termination fee.

Other salaries: Medved will have an assistant coach salary pool of $2 million starting in March 2025. That will include five assistant coaches and four full-time sport-specific staff and two entry-level positions.
 

MaxyJR1 said:
Link to this story is free.

New Gophers men’s basketball coach coach Niko Medved will earn $1 million more than previous coach Ben Johnson received last season, according to the U’s memorandum of understanding.

Medved, who was hired Monday, will receive an annual base salary of $400,000, plus $2.6 million in annual supplemental pay for a total compensation of $3 million, with an annual escalator in supplemental pay of $100,000, according to the U memo shared with the Pioneer Press via a data request.

Medved’s full contract is due within two weeks and will need Board of Regent approval.

Johnson received $2 million last season, per his contract. Johnson was the lowest-paid coach in the 18-team Big Ten Conference last season, per USA Today. USC coach Eric Musselman‘s salary was not included in the database.

Medved was earning $1.7 million at Colorado State before taking the Minnesota job. His new $3 million salary would rank 16th in the Big Ten based on last year’s data.

“It is with great anticipation and enthusiasm that I make this offer,” athletics director Coyle wrote in the memo. “… I have every confidence that you will lead our men’s basketball program with integrity and pride and I look forward to welcoming you as a member of the Golden Gopher family.”

Here are some other key details from the Medved memo:

Length: Medved’s contract will run six years, through the 2030-31 season.


Raises: With $100,000 annual increases, Medved is scheduled to make $3.5 million in the final year of his contract.

Extension? The U and Medved agree to “engage in a good faith review of the contract terms and provisions” within two months of the end of Year 2 of the contract to “determine if any enhancements should be made.”

Previous buyout: The U said it will “cover the cost of any buyout or early termination fee up to and not exceed $3.1 million as the result of terminating your contract to accept the (Minnesota) position.”

New Medved buyout: If Medved leaves the U to accept a broadcasting or coaching position at any level, he owes the U:

— $10 million before April 14, 2026
— $7 million between April 15, 2026 and April 14, 2027
— $5 million between April 15, 2027 and April 14, 2028
— $3 million between April 15, 2028 and April 14, 2029
— $500,000 between April 15, 2029 and April 14, 2030
— $0 after April 14, 2030

Medved also agrees to not seek or apply for other positions without prior notice to the AD.

New U buyout: If the U terminates Medved’s contract without cause before April 14, 2028, the fee is equal to the full amount of remaining total compensation on the full term of the deal. If notice is given between April 14, 2028 and April 14, 2031, the U will pay a fee of 75% of the remaining total compensation on the contract. Medved will need to seek comparable employment and any amounts earned in subsequent employment will be deducted from the termination fee.

Other salaries: Medved will have an assistant coach salary pool of $2 million starting in March 2025. That will include five assistant coaches and four full-time sport-specific staff and two entry-level positions.
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do we know what kind of pool was previously in place for assistant coaches?
 

MaxyJR1 said:
Link to this story is free.

New Gophers men’s basketball coach coach Niko Medved will earn $1 million more than previous coach Ben Johnson received last season, according to the U’s memorandum of understanding.

Medved, who was hired Monday, will receive an annual base salary of $400,000, plus $2.6 million in annual supplemental pay for a total compensation of $3 million, with an annual escalator in supplemental pay of $100,000, according to the U memo shared with the Pioneer Press via a data request.

Medved’s full contract is due within two weeks and will need Board of Regent approval.

Johnson received $2 million last season, per his contract. Johnson was the lowest-paid coach in the 18-team Big Ten Conference last season, per USA Today. USC coach Eric Musselman‘s salary was not included in the database.

Medved was earning $1.7 million at Colorado State before taking the Minnesota job. His new $3 million salary would rank 16th in the Big Ten based on last year’s data.

“It is with great anticipation and enthusiasm that I make this offer,” athletics director Coyle wrote in the memo. “… I have every confidence that you will lead our men’s basketball program with integrity and pride and I look forward to welcoming you as a member of the Golden Gopher family.”

Here are some other key details from the Medved memo:

Length: Medved’s contract will run six years, through the 2030-31 season.


Raises: With $100,000 annual increases, Medved is scheduled to make $3.5 million in the final year of his contract.

Extension? The U and Medved agree to “engage in a good faith review of the contract terms and provisions” within two months of the end of Year 2 of the contract to “determine if any enhancements should be made.”

Previous buyout: The U said it will “cover the cost of any buyout or early termination fee up to and not exceed $3.1 million as the result of terminating your contract to accept the (Minnesota) position.”

New Medved buyout: If Medved leaves the U to accept a broadcasting or coaching position at any level, he owes the U:

— $10 million before April 14, 2026
— $7 million between April 15, 2026 and April 14, 2027
— $5 million between April 15, 2027 and April 14, 2028
— $3 million between April 15, 2028 and April 14, 2029
— $500,000 between April 15, 2029 and April 14, 2030
— $0 after April 14, 2030

Medved also agrees to not seek or apply for other positions without prior notice to the AD.

New U buyout: If the U terminates Medved’s contract without cause before April 14, 2028, the fee is equal to the full amount of remaining total compensation on the full term of the deal. If notice is given between April 14, 2028 and April 14, 2031, the U will pay a fee of 75% of the remaining total compensation on the contract. Medved will need to seek comparable employment and any amounts earned in subsequent employment will be deducted from the termination fee.

Other salaries: Medved will have an assistant coach salary pool of $2 million starting in March 2025. That will include five assistant coaches and four full-time sport-specific staff and two entry-level positions.
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Other than would have liked for that assistant coach salary pool to be higher, looks like a great deal on both sides, especially for Coyle/U of M.
 

Some guy said:
Both sides of a buyout is what’s most important IMO

A small buyout to leave means any success leads to a huge raise almost automatically
+
A large buyout to fire him in a 6 year deal might mean 6 years 18 million is the same deal as 4 years 18 million.
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For for Medved’s side the way I read the deal is if you assume he is getting 4 years it’s essentially a 4 year 16.15 million dollar contract in terms of the guaranteed money.

In language is says good faith negotiation after 2. So if he is successful he is getting a raise after 2. Because the buyout collapses to a very reasonable buyout after 3 years. The U will want to give him the raise after 2 not 3 because he will hold more leverage after 3 and it’ll be pretty even leverage after 2


The deal is 6 years and 19.5
But the only way it is that actual number of years and dollars is if there is no extensions and the gophers let him go after 6 years.
 

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