If he were to resign to take another basketball job before March 31, 2024, he would owe Indiana one year of his salary. Those bonuses are cumulative, which would mean a total of $685,000 for an NCAA title, plus whatever the Hoosiers got for their Big Ten finish. Bleacher Report - New York Knicks assistant coach Mike Woodson is headed home. Mike Woodson was reportedly in the early stages of contract talks with the Knicks, but at Tuesday's practice in Miami the interim coach denied that any discussions have taken place Formal announcement expected today. Indiana will hire former star player Mike Woodson as its new coach, a person with knowledge of the decision confirmed to The Associated Press on Sunday. The contract is for six years, sources told ESPN's Adrian Wojnarowski, as Woodson returns to his alma mater. The team officially lifted Mike Woodson’s interim title and signed him to a multiyear contract — the reward for salvaging a seemingly dismal season and guiding the Knicks into the playoffs. Woodson is reportedly signing a six year contract with Indiana after re-signing last fall as an assistant coach in September with the New York Knicks. — Adrian Wojnarowski (@wojespn) March 28, 2021 Mike Woodson’s contract: Six years, $3 million per year. (Photo by Maddie Meyer/Getty Images), according to multiple reports on Sunday afternoon, bringing former Ohio State coach Thad Matta, Richard Jefferson Shares Honest Thoughts On Arizona’s Hire, Raiders Reportedly Release 2 Picks From 2018 NFL Draft, NCAA Makes Big Announcement About Division I Transfer Rule, Anonymous 49ers Rival Has Telling Comment On Mac Jones, Ty Lue Updates The Clippers’ Plan For DeMarcus Cousins, The 10 Biggest NFL Superstars To Go Undrafted, Fans Are Furious Over Controversial Ruling During 1st Round At The Masters, No. According to a memorandum of understanding provided to the Daily Hoosier by Indiana athletics, new Indiana basketball coach Mike Woodson has a six-year contract worth about $3 million per year in guaranteed income. Knicks assistant Mike Woodson is finalizing a six-year contract to become the coach at his alma mater Indiana, sources tell ESPN. The contract Hunter signed when he joined Miller’s staff in September 2020, which pays him $307,530, annually, remains in place for the moment. Along with Woodson, Indiana also hired former Ohio State head coach Thad Matta to … The Wizards defeat the Knicks 102-101. He would pay his own premiums, but be given $50,000 for help with those premiums. Woodson was a Hoosiers star under Bob Knight. Woodson would be owed $100,000 if the basketball team posts a multi-year Academic Progress Rate score of 950 or better, though he would not be eligible for that in his first contract year because it would reflect work done under Archie Miller’s tenure. Powered by BizBudding Inc. NEW YORK, NY - DECEMBER 16: New York Knicks head coach Mike Woodson directs his team during the second half against the Washington Wizards at Madison Square Garden on December 16, 2013 in New York City. You can follow Dustin Dopirak on Twitter HERE, You can follow us on Twitter:  @daily_hoosier, The Daily Hoosier –“Where Indiana fans assemble when they’re not at Assembly”. Woodson, one of the most prolific players to come out of Indiana, is expected to sign a contract to become the school's next head coach, per Shams Charania of The Athletic and Stadium. So with saying all that, I just I can’t tell you how excited how I am, to announce to all of you and Hoosier Nation today, the next head basketball coach at Indiana University, Mike Woodson.

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