Michael Dean Woodson, born March 24, 1958, is an American basketball coach and former player. He currently coaches the Indiana Hoosiers men's basketball team. Woodson excelled at Indiana University, earning Big Ten Player of the Year honors in 1980. In the NBA, he played for various teams over 11 seasons. Transitioning to coaching, Woodson worked with NBA franchises, including the Atlanta Hawks and New York Knicks. Known for his disciplined yet modern coaching style, Woodson emphasizes teamwork and analytics. He's married to Terri and has two daughters. Woodson's legacy embodies basketball excellence, marked by leadership, mentorship, and a passion for the game.
| Name | Michael Dean Woodson |
| Net Worth | $25 Million |
| Age | 66 years, |
| Residence | Indiana |
| Position | Head Coach |
| Marital Status | Married |
| Source of Wealth | Salary, Endorsements, Contracts |
| Salary | $4.2 million annually |
| Endorsements | (Hood-Schifino) and potential (Mgbako) lottery pick |
| Endorsement Earnings | $1 million per year. |
Mike Woodson's Net Worth
Mike Woodson, born March 24, 1958, in Indianapolis, has a net worth of $25 Million. As a former NBA player with 11 seasons under his belt, Woodson transitioned into coaching, notably leading the Atlanta Hawks and New York Knicks. His net worth reflects his successful career in both playing and coaching basketball.
Mike Woodson's Career Earnings
Mike Woodson's career earnings reflect his success as a player and coach. During his NBA tenure, he earned a notable salary, including $658,000 ($1,476,189*) with the Houston Rockets in the 1991/92 season. With his coaching endeavors, Woodson's income has grown substantially, with his current contract averaging $4.2 million annually, supplemented by additional outside income and endorsements.
Mike Woodson's Salary
Mike Woodson's salary was significantly boosted with Indiana's announcement of a $1 million annual raise, extending his contract through the 2026-27 season. His new deal averages $4.2 million annually, marking a $1 million increase from his original contract. Woodson's continued leadership promises stability and growth for the Indiana basketball program.
Mike Woodson's Contract
Mike Woodson, the Indiana men's basketball coach, received a $1 million annual raise, as per an IU Athletics release. His contract, signed in 2021, extends for four more years, with a yearly salary of $4.2 million. The substantial increase reflects the university's commitment to Woodson and underscores his pivotal role in the program's future.
Mike Woodson's Contract Breakdown
| Year | Base Salary | SigningBonus | Cap Hit | Dead Cap | Yearly Cash |
| 2021 | $1 million per year | - | - | $4.2 million annually |
Mike Woodson's Contract History
Upon his appointment as head coach of the Indiana Hoosiers men's basketball team on March 28, 2021, Mike Woodson secured a six-year contract worth approximately $3 million annually. This encompassed a base salary of $550,000 per year alongside an additional $2.45 million derived from external sources like marketing and promotional endeavors. Woodson's contract features bonuses, including $100,000 for a top-three Big Ten finish and another $100,000 for achieving an APR score exceeding 950.
FAQ's On Mike Woodson's Net Worth, Salary, and Contract
A. Mike Woodson's net worth is $25 million.
A. Mike Woodson earns $4.2 million annually as the head coach of the Indiana Hoosiers men's basketball team.
A. Mike Woodson's contract with the Indiana Hoosiers extends for six years through the 2026-2027 season.
A. Mike Woodson's contract features bonuses, such as $100,000 for finishing in the top three in the Big Ten standings and another $100,000 for achieving an APR score above 950.
A. Mike Woodson's contract includes a base salary of $550,000 per year, supplemented by $2.45 million annually in outside, marketing, and promotional income, totaling $4.2 million annually.
