New Nebraska men's basketball coach Tim Miles signed a seven-year contract that pays him a salary of $1.4 million that increases annually to $2.15 million by 2018-19. The deal was signed May 4th and released Friday.
Miles' contract includes incentives that pay him bonuses of $75,000 if the Huskers win 20 games in a season, $100,000 if they win a Big Ten regular-season or tournament title and $150,000 if they make the NCAA Tournament.
Miles also is given two vehicles for personal use and a country-club membership. Miles' wife, Kari, is allowed to travel at athletic department expense to away games and conventions.
Miles is promised a pool of $720,000 to pay three assistant coaches and each is guaranteed a two-year contract. He was hired March 23rd after five seasons at Colorado State.