Otzelberger’s annual pay package at Iowa State is $1.5 million


T.J. Otzelberger shouts to his team during the first half of a first-round men’s college basketball game in the NCAA Tournament against Gonzaga Thursday, March 16, 2017, in Salt Lake City. (AP Photo/Rick Bowmer)

AMES, Iowa (AP) — New Iowa State men’s basketball coach T.J. Otzelberger will be paid $1 million per year with an additional $500,000 in supplemental benefits under terms of his five-year contract released Monday.

Otzelberger’s base pay is $300,000, and he receives $700,000 for public appearances, speaking engagements and media obligations. The supplemental benefits include university contributions to his retirement plan.

Otzelberger will receive a bonus if the Cyclones are among the top four seeds in the Big 12 Tournament, with the No. 1 seed earning him $250,000. He would earn $100,000 for winning the conference tournament, $50,000 for an at-large NCAA Tournament bid and $50,000 for each win in the tournament.

The university is providing a vehicle to Otzelberger and paying for his Ames Country Club membership.

Iowa State also agreed to pay $3.4 million to buy out his contract at UNLV, where he coached the past two years. Otzelberger was earning $1.2 million per year at UNLV.

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