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IU basketball coach Mike Woodson gets million-dollar-a-year raise

By Patrick Beane

Posted August 18, 2023

Indiana head basketball coach Mike Woodson

(Pat Beane/WTIU)

After leading the Indiana men’s basketball team to back-to-back NCAA appearances in his first two seasons, head coach Mike Woodson is getting a raise.

The university announced Friday it had bumped Woodson’s salary up by a million dollars a year – to $4.2 million annually - over the remaining four years of the contract he signed when he took the job in 2021.

“Upon his arrival, Coach Woodson immediately re-inserted our program into the national conversation both in terms of an elevated level of success on the court and in recruiting,” IU  Director of Athletics Scott Dolson said in a news release. “I knew that returning our program to the level that Hoosier fans rightfully expect would be a process that wouldn’t happen overnight. I have been extremely pleased with the steps we have taken during the last two years.”

Read more: IU men to play defending champion UConn in Empire Classic opener

Woodson has a 44-26 record at Indiana, including NCAA tournament wins in each season. It’s the first time in a decade the Hoosiers have made the tournament in two straight seasons. Last season, IU earned a No. 4 seed, its highest in 11 years.

“I believe under Coach Woodson’s leadership, we have positioned the program to compete at the highest levels in recruiting, which in turn will enable us to compete at the highest levels within the Big Ten and in the NCAA Tournament,” Dolson said.

Woodson becomes the third highest paid coach in the Big Ten behind Michigan State’s Tom Izzo and Illinois’ Brad Underwood.

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