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New Gophers men’s basketball coach coach Niko Medved will earn $1 million more than what previous U coach Ben Johnson made last season, according to the U’s memorandum of understanding shared Tuesday.
Medved, who was hired Monday, will receive an annual base salary of $400,000, plus $2.6 million in annual supplemental pay for a total compensation of $3 million, with an annual escalator in supplemental pay of $100,000, according to the U memo shared with the Pioneer Press via a data request. Medved’s full contract will needs Board of Regent approval.
Johnson received $2 million last season, per his contract. Johnson was the lowest-paid coach in the Big Ten Conference last season.
Medved was earning $1.7 million at Colorado State before taking the Minnesota job.
This story will be updated.
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Medved, who was hired Monday, will receive an annual base salary of $400,000, plus $2.6 million in annual supplemental pay for a total compensation of $3 million, with an annual escalator in supplemental pay of $100,000, according to the U memo shared with the Pioneer Press via a data request. Medved’s full contract will needs Board of Regent approval.
Johnson received $2 million last season, per his contract. Johnson was the lowest-paid coach in the Big Ten Conference last season.
Medved was earning $1.7 million at Colorado State before taking the Minnesota job.
This story will be updated.
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