Miles' 7-year contract at Nebraska pays $1.4M

Associated Press Modified: May 11, 2012 at 3:02 pm •  Published: May 11, 2012
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OMAHA, Neb. (AP) — New basketball coach Tim Miles signed the longest coach's contract in Nebraska history with his seven-year deal that pays a starting salary of $1.4 million and increases to $2.15 million by 2018-19.

Miles signed the contract May 4 and the university made it public Friday, seven weeks after he was hired away from Colorado State.

"I had a great job where I was, and we were looking for something that shows commitment back and forth," Miles said. "It was a good term for both parties and a term that showed me that Nebraska is serious about getting this going on the right track."

The longest previous contract for a Nebraska coach was the six-year deal signed by former football coach Bill Callahan in 2004.

Miles took over a program that hasn't won a share of a conference championship since 1950 or played in the NCAA tournament since 1998. The Huskers have never won a game in six NCAA appearances.

"There was some perception that somehow we weren't committed to basketball here, not so much on Tim's part but among some of the people we interviewed," athletic director Tom Osborne said. "We wanted to send a pretty strong message that we're in this for the long haul. We thought Tim was a good fit."

Miles' salary ranks eighth among Big Ten coaches, according to published reports.

His contract includes incentives that pay him bonuses of $75,000 if the Cornhuskers 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.

He's guaranteed a minimum raise of $125,000 each year, 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. The athletic department also will pay for the travel of the immediate families of Miles and his assistant coaches to NCAA tournament games in which Nebraska participates.



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