Michigan State has signed basketball coach Tom Izzo to a new deal valued at $6.2 million per season.
The school announced the deal Thursday, saying that the five-year rollover contract will need to be approved by its board next month.
The 67-year-old Izzo was inducted into the Basketball Hall of Fame in 2016. He won a national championship in 2000 and leads all active coaches with eight Final Four appearances.
He led Michigan State to a 24th straight NCAA Tournament last season.
He has won the Big Ten title 10 times in the regular season and six conference tournament championships.