2012-2013 Season

Michigan basketball assistant coaches ink contract extensions

Michigan-at-Michigan-State-17-597x398[1]Nick Baumgardner has the story on all three Michigan assistant coaches signing contract extensions after the 2011-12 season. (Photo: Dustin Johnston)

The new contracts will pay the three coaches a total of $470,000 in base pay for the 2012-13 campaign. Each assistant received a $10,000 base pay raise from a year ago, when the total pool — per Michigan records — sat at $440,000.

Additionally, each coach will receive a $15,000 bonus for a Big Ten title, a $10,000 bonus for a shared league crown, a $7,500 bonus for a Big Ten Tournament title and $5,000 for an NCAA Tournament appearance. The coaches each stand to make an additional $1,000 for an NCAA Tournament “first round” (field of 64) win, $2,000 for a “second round” (field of 32) win, $3,000 for a “Sweet Sixteen” win, $5,000 for an “Elite Eight” win, $6,000 for a “Final Four” win and $8,000 for a national championship.

Meyer and Alexander both signed four-year pacts, and will make base salaries of $160,000 and $155,000, respectively, in 2012-13. Jordan, meanwhile, inked a three-year contract and will also receive $155,000 in base pay next season.

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