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

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. The deal includes 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 is due within two weeks and will need Board of Regent approval.

Johnson received $2 million last season, per his contract. Johnson was the lowest-paid coach in the 18-team Big Ten Conference last season, per USA Today. Southern California 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. His new $3 million salary would rank 16th in the Big Ten based on last year’s data.

“It is with great anticipation and enthusiasm that I make this offer,” athletics director Coyle wrote in the memo. “I have every confidence that you will lead our men’s basketball program with integrity and pride and I look forward to welcoming you as a member of the Golden Gopher family.”

Here are some other key details from the memo:

Length: Medved’s contract will run six years, through the 2030-31 season.

Raises: With $100,000 annual increases, Medved is scheduled to make $3.5 million in the final year of his contract.

Extension? The U and Medved agree to “engage in a good faith review of the contract terms and provisions” within two months of the end of Year 2 of the contract to “determine if any enhancements should be made.”

Previous buyout: 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.”

Expenses: With a $2.9 million buyout to Johnson, according to the terms of his deal, and a $3.1 million buyout to Colorado State for Medved, Coyle said the Gophers’ operating budget will cover Johnson’s portion and the U will work through its “reserves” to pay Colorado State. “We will not have to borrow money,” Coyle said.

New Medved buyout: If Medved leaves the U to accept a broadcasting or coaching position at any level, he owes the U:

— $10 million before April 14, 2026

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

— $5 million between April 15, 2027 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

Medved also agrees to not seek or apply for other positions without prior notice to the AD.

New U buyout: If the U terminates Medved’s contract without cause before April 14, 2028, the fee is equal to the full amount of 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.

Other salaries: 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.