Contract details, Bonuses, and Annual Salary; Tom Izzo's wife, Daughter and Adopted Son

May 2024 · 5 minute read

Tom Izzo is an American college Basketball coach. He is the head coach for Michigan State University since 1995. Under Izzo's supervision, Michigan State has been one of the successful collegiate basketball programs, earning him the nickname "Mr. March". He alongside his best friend Steve Mariucci attended Iron Mountain High and for his collegiate year, he enrolled at the University of Michigan. His current record is 628-241 (.723).

Izzo was born on January 30, 1995, under the star sign Aquarius. He was born in Iron Mountain, Michigan alongside two sisters Mary Bucklin and Anne Levandoski. He was born to parents Carl Izzo and Dorothy Izzo who belonged to Italian and Finnish descent. 

Tom Izzo Net worth, Salary, Contract and Incentives

According to various sources, as of 2023, Tom Izzo's net worth falls within the range of $13 million and earns an annual average salary of $3 Million. This estimation takes into account different assessments from multiple sources. In 2022, Izzo inked a new contract worth $6.2 million annually, further contributing to his financial standing.

Tom Izzo has an estimated net worth  With alteration from his previous contract, his base salary for the season will be $430,000 with an extra $3.09 million in supplemental pay. However, he will earn a larger bonus if he stays at Michigan until 30 April 2022. He will earn a $4 million retention bonus if he chooses to stay and doesn't retire which will be paid by July 15, 2022. Bob Huggins and Mick Cronin also have a similar salary as the head coaches in their own Universities.

The head coach will receive a certain portion of the retention bonus if he chooses to leave Michigan. In addition, he will also be receiving performance bonuses if he can lead the team to victory in their next matches.

Tom Izzo enjoying his holiday with his Daughter SOURCE: Twitter@RaquelIzzo

The Native of Michigan will receive $100000 if he can lead the team to victory at the Big Ten regular season, $75000 for making the Sweet 16 spot, $150000 for winning the National title, and $25000 for making it into the NCAA tournament. Izzo comes as one of the top coaches in the college basketball program who has a net worth of $15 million.

From all of his income as a head coach, he has been living a lavish and luxurious lifestyle with his family. The 67 years old has dedicated nearly half of his life to Michigan State University improving the basketball team. During his stay, he led the team to the 2000 NCAA Division I National Championship and the 2009 NCAA National Championship Game. eight final four, ten Big Ten Championships, and six Big Ten Championships. 

Tom Izzo Retirement Plan

There is also a retirement plan included in the contract that he signed which states that if he chooses to retire as a coach, he can join the administrative position for university advancement which offers a $250,000 salary annually.

This is an option available for Izzo if he wishes to retire as a coach for Michigan State University. 

Tom Izzo Coaching Records

For more than 25 seasons, Tom Izzo has served as the head men's basketball coach for the Michigan State Spartans in the highly competitive Big Ten conference. Throughout his tenure, he has achieved remarkable success, amassing an impressive record of 633-239 (.726) as of 2023. Izzo's coaching prowess has been highlighted by his team's consistent performance and numerous achievements on the court.

One of the crowning moments in Izzo's career came in the year 2000 when he led the Michigan State Spartans to clinch the NCAA National Championship title. This remarkable feat solidified his reputation as a skilled and strategic coach. Additionally, Izzo has steered his team to an impressive eight NCAA Tournament Final Four appearances, demonstrating his ability to consistently guide his players to the highest levels of collegiate basketball competition.

Furthermore, Izzo holds a notable record in NCAA Tournament history. He has secured the most wins as a lower-seeded team, tallying an impressive 16 victories. This achievement underscores his ability to lead his team to success, even when facing challenging circumstances and being ranked below their opponents.

Tom Izzo Wife, Lupe Marinez Izzo: Tom shares a daughter and an adopted Son with his wife

The 5' 7'' tall in height has been married to Lupe Marinez Izzo since May 30, 1992. Marinez is originally from Texas but grew up in East Lancing, Michigan.

Tom Izzo's Wife, Daughter, and Adopted son SOURCE: Spartans Wire

They have been together for more than 27 years without any controversies or affairs. They welcomed daughter Raquel Izzo from their marriage life and have also adopted a son named Steven Izzo who is a walk-on player for his father at Michigan State.

Accomplishments and Honors 

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