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    The Daily Hoosier

    Dane Fife to be paid $375,000 annually as Indiana assistant

    Dustin DopirakBy Dustin DopirakApril 6, 2021 IU Basketball 2 Comments
    Photo provided by IU Athletics
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    Newly hired Indiana assistant basketball coach Dane Fife has agreed to a two-year contract that pays him $375,000 per year with an annual retention bonus of $25,000, according to a memorandum of understanding provided to The Daily Hoosier by Indiana athletics.

    Though the the tenure of the contract is only two years, one-third the length of head coach Mike Woodson’s, the contract automatically extends every year on June 30, starting on June 30, 2022 unless Fife receives a notice of non-renewal.

    Fife also receives $20,000 in moving expenses and $2,000 annually in adidas product.

    Fife will be paid a bonus of one-month’s salary if the Hoosiers reach the NCAA Tournament, one-month salary if they reach the Sweet 16, one-month salary if they reach the Final Four and one-month salary if they win the NCAA title.

    According to the most recent reports, Fife was making $340,000 annually in his position at Michigan State.

     

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    Dustin Dopirak

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    • IU football recruiting: Hoosiers flip 4-star edge Kevontay Hugan from Louisville
    • Watch: IU basketball coach Darian DeVries appearance on Big Ten Network
    • IU AD Scott Dolson states intent to maintain 24 varsity programs after House settlement
    • IU football class of 2026 name to know: 4-star quarterback Luke Fahey
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