Indiana released the full terms of Darian DeVries’s contract Thursday. The six-year deal is worth an average of $4.5 million in annual compensation.
According to the term sheet, DeVries will be paid a base salary of $550,000 per year and will earn between $3.7 and $4.2 million annually in outside marketing and promotional income, noted as supplemental outcome on the term sheet.
The deal commenced on March 19, 2025 and runs through March 31, 2031.
Bonuses are also a part of the deal, as outlined below:
· $125,000 for an outright or shared Big Ten regular season title.
· $50,000 for winning the Big Ten conference tournament.
· $25,000 for an NCAA tournament bid.
· $25,000 for advancing to the NCAA tournament round of 32.
· $35,000 for advancing to the NCAA tournament Sweet Sixteen.
· $50,000 for advancing to the NCAA tournament Elite Eight.
· $125,000 for advancing to the NCAA tournament Final Four.
· $250,000 for winning the NCAA championship.
· $50,000 for being voted Big Ten coach of the year by the media or coaches. Maximum of $50,000 in any one season.
· $50,000 for Naismith coach of the year award, AP coach of the year award or USA Today coach of the year award. Maximum of $50,000 in any one season.
Additionally, the deal states that the university “agrees to pay your buyout obligation to the University of West Virginia in a manner that is tax-neutral to you.”
DeVries also receives $25,000 for moving expenses, a $50,000 one-time signing bonus and a $10,000 annual allowance for placing orders for Adidas products.
The new IU coach will also receive one courtesy car to be used for the term of employment.
Additional benefits include season tickets to IU athletics competitions, season credentials and parking passes for football and men’s basketball games, meals provided at the athletic dining facility, unlimited family use of the Pfau Course, and the driving range, which includes green fees, cart fees and range balls.
DeVries will have a license to operate an independently owned boys’ basketball camp at a discounted facility rate. Per the term sheet, the net income will go entirely to DeVries.
Here are the terms of DeVries’s buyout if he leaves for another job:
Before March 15, 2026 – $10,000,000
Before March 15, 2027 – $8,000,000
Before March 15, 2028 – $6,000,000
Before March 15, 2029 – $3,000,000
Before March 15, 2030 – $1,000,000
After March 15, 2031 – $0
If IU terminates DeVries without cause, he will be paid 80 percent of his remaining base salary and supplemental income through the normal expiration date of the term.
(Photo credit: IU Athletics)
Category: Media
Filed to: Darian DeVries
