Iowa men’s basketball coach Ben McCollum has been awarded a $1 million raise following his recent success in leading the Hawkeyes to an Elite Eight appearance, their deepest NCAA tournament run in nearly four decades. The new six-year contract, signed last week, increases McCollum’s salary from $3.35 million for the 2025-26 season to $4.35 million for 2026-27, with subsequent annual raises of $100,000 through the 2031-32 season.

McCollum’s leadership brought Iowa to the Elite Eight for the first time in 39 years, a milestone that reportedly influenced the university’s decision to adjust his compensation immediately. The contract terms were disclosed through an open records request.

The increase positions McCollum among the higher-paid coaches in college basketball, reflecting the program’s recent competitive achievements and aspirations for sustained success. Details of the contract also suggest a long-term commitment from the university to retain McCollum as head coach through the 2031-32 season.