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IOWA CITY -- Iowa Coach Fran McCaffery will see a major bump in his salary by qualifying for the NCAA tournament.
The Hawkeyes' NCAA bid vaults McCaffery into a $300,000 pay raise for the 2014-15 season. According to details of a contract extension finalized in July 2012, McCaffery had two levels of payment depending on his team's NCAA status. Once the Hawkeyes qualified for the NCAA, McCaffery moved up to a higher level.
McCaffery received $1.5 million in base salary and outside income this year. Next year, he's slated to make $1.8 million. Had Iowa missed the NCAA field, he would have made $1.6 million in 2014-15.
McCaffery also picks up a $25,000 bonus for the NCAA bid. If Iowa advances to the Sweet Sixteen, he would earn a $50,000 bonus as well.
Iowa's NCAA first-round game against Tennessee will air at 8 p.m. Wednesday on truTV. Calling the game are veteran broadcasters Kevin Harlan, Len Elmore and Reggie Miller and reporter Rachel Nichols. The same crew will follow the winner to Raleigh, where it will face UMass in an NCAA second-round game.