New Gophers men’s basketball coach coach Niko Medved will earn $1 million more than what previous U coach Ben Johnson received last season, according to the U’s memorandum of understanding shared Tuesday.

Medved, who was hired Monday, will receive an annual base salary of $400,000, plus $2.6 million in annual supplemental pay for a total compensation of $3 million, with an annual escalator in supplemental pay of $100,000, according to the U memo shared with the Pioneer Press via a data request. Medved’s full contract will needs Board of Regent approval.

Johnson received $2 million last season, per his contract. Johnson was the lowest-paid coach in the Big Ten Conference last season, per USA Today. USC coach Eric Musselman’s salary was not included in the database.

Medved was earning $1.7 million at Colorado State before taking the Minnesota job.

Here are some other details:

— Medved’s contract will run six years through the 2030-31 season.

— The U said it will “cover the cost of any buyout or early termination fee up to and not exceed $3.1 million as the result of terminating your contract to accept the (Minnesota) position.”

— If Medved leaves the U to accept a broadcasting or coaching position at any level, he owns the U:

$10 million before April 14, 2026

$7 million between April 15, 2026 and April 14, 2027

$5 million between April 15, 2026 and April 14, 2028

$3 million between April 15, 2028 and April 14, 2029

$500,000 between April 15, 2029 and April 14, 2030

$0 after April 14, 2030

— If the U terminates Medved’s contract without cause before April 14, 2028, the fee is equal to the full amount remaining total compensation on the full term of the deal. If notice is given between April 14, 2028 and April 14, 2031, the U will pay a fee of 75% of the remaining total compensation on the contract. Medved will need to seek comparable employment and any amounts earned in subsequent employment will be deducted from the termination fee.

— Medved will have an assistant coach salary pool of $2 million starting in March 2025. That will include five assistant coaches and four full-time sport-specific staff and two entry-level positions.

Related Articles

Frederick: If Niko Medved isn’t right coach for the Gophers, then right coach doesn’t exist

Niko Medved named next Gophers men’s basketball coach

Gophers coaching search can advance with Niko Medved’s Colorado State falling in NCAA Tournament

Gophers men’s basketball: Two more players to enter NCAA transfer portal

Here are all the Minnesotans competing in this year’s NCAA men’s basketball tournament