Tom Izzo is an American college basketball coach who has been the head coach of the Michigan State Spartans since 1995. He is currently the longest tenured coach in the Big Ten conference. Izzo is counted among the most respected university basketball coaches given his impressive accomplishments and consistent brilliance.
His leadership skills and success are underscored by the four national coach of the year awards he has received. In conference winnings, Izzo has been a dominant force in the Big Ten. His 10 regular-season conference titles positioned him as one of the most championship-winning coaches in the conference history. In 2022, Izzo surpassed Bob Knight with most wins by a men's basketball coach at a Big Ten school with 663.
| Name | Thomas Michael Izzo |
| Net Worth | $13 Million ( estimated) |
| Age | 69 years old (born on January 30, 1955) |
| Residence | East Lansing, Michigan |
| Position | Collegiate Basketball Head coach |
| Marital Status | Married |
| Source of Wealth | Basketball Coach |
| Salary | $6.2 million annually (as of 2024) |
| Endorsements | Nike |
| Endorsement Earnings | N/A |
Tom Izzo’s Net Worth
Tom Izzo's net worth as of 2024 is projected to be around $13 million. Tom Izzo has been a successful college basketball head coach for Michigan State University since 1995. During his tenure, he signed numerous contracts with the university, contributing significantly to his net worth.
In addition to his base income, Tom Izzo also earned through several bonuses and compensation based primarily on overall performance. These bonuses are usually tied to team performance, along with conference championships, NCAA tournament appearances and overall team performance in a game.
Tom Izzo’s Career Earnings
Michigan State University's head coach, Tom Izzo, had a successful career in coaching. Still, his specific career earnings remain unknown and are not available on any public domain. However, his yearly salary is about $6.2 million.
Izzo started as a head coach in 1995, at Michigan State University. Back then, he earned approximately $195,000. However, his career began to take off, and by 1998, he had a seven-year contract worth $1.1 million annually and after several increases in his yearly salary, he found his current annual pay of $6.2 million.
Tom Izzo’s Salary
Tom Izzo is currently making $6.2 million annually (as of 2024). His latest contract extension has increased his substantial earnings.
Back in September 2022, Izzo signed an extension with Michigan State University. Before this, he earned a base salary of about $3.9 million in 2021. Going further back, in 2020, his starting pay was around $3,743,070.
Tom Izzo’s Contract
Tom Izzo recently signed a 5-year contract extension with the university on August 11, 2022. This new contract solidifies Izzo's position as one of the highest-paid coaches in college basketball as he will be receiving $6.2 million annually according to his new extension contract.
Under the terms of the extension, Izzo will receive a base salary of $2.43 million, as well as $3.09 million in supplemental compensation. In addition, he will also receive $400,000 from Nike as part of his compensation package. This brings his total compensation figure to approximately $6.2 million.
Aside from his base pay, Izzo's agreement with the university offers more perks. While the full details of these benefits have not been disclosed, they certainly add to the overall value of his compensation package. Izzo's old deal with Michigan State University provided him with a yearly pay of $3.8 million.
Tom Izzo Contract Breakdown
| Year | Base Salary | SigningBonus | Cap Hit | Dead Cap | Yearly Cash |
| 2011 | $3,090,000 | - | $3,565,000 | - | $3,565,000 |
| 2012 | $3,120,900 | - | $3,598,700 | - | $3,598,700 |
| 2013 | $3,220,769 | - | $3,745,769 | - | $3,745,769 |
| 2014 | $3,413,954 | - | $3,893,954 | - | $3,893,954 |
| 2015 | $3,471,955 | - | $4,006,955 | - | $4,006,955 |
| 2016 | $3,525,359 | - | $4,150,359 | - | $4,150,359 |
| 2017 | $3,582,751 | - | $4,251,751 | - | $4,251,751 |
| 2018 | $3,652,979 | - | $4,359,979 | - | $4,359,979 |
| 2019 | $3,732,562 | - | $4,157,562 | - | $4,157,562 |
| 2020 | $3,743,070 | - | $4,191,070 | - | $4,191,070 |
| 2021 | $3,922,266 | - | $3,984,706 | - | $3,984,706 |
| 2022 | $7,916,321 | - | $8,341,321 | - | $8,341,321 |
| 2023 | $5,313,727 | - | $5,738,727 | 5 | $5,738,727 |
Tom Izzo’s Contract History
Tom Izzo is a highly respected and accomplished college basketball coach who has been the head coach at Michigan State University since 1995. Over the years, he has signed several contracts with the university, although the specific details of his contract history are not publicly available.
However, it was made known in August 2022, that Izzo had signed a contract extension with Michigan State University.
FAQ's on Tom Izzo Net Worth, Salary and Contract
A. Tom Izzo was born in Iron Mountain, Michigan, United States.
A. As of 2024, Tom Izzo is 69 years old, as he was born on January 30, 1955.
A. Tom Izzo began his coaching career in 1977 as an head coach at Ishpeming Public School District.
A. Tom Izzo is currently the head coach of the Michigan State University men's basketball team. He has held this position since 1995.
A. As of 2024, Tom Izzo's net worth is estimated to be around $13 million.
