Iowa men’s basketball coach Ben McCollum agreed to a six-year, $22.75 million contract that runs through the 2030-31 season, according to the memorandum of understanding he signed last month and obtained Friday through an Associated Press public records request.

The pay package lists McCollum’s base salary at $500,000 each year with supplemental pay that increases annually. His formal contract was not available for release according to the report.

McCollum will earn $3.35 million in his first year, with his compensation rising to $4.1 million in the sixth year.

McCollum would be in line for six-figure bonuses if the Hawkeyes reach the NCAA Sweet 16. Other bonuses include:

• $400,000 for winning the national championship.

• $75,000 for a Big Ten regular season title

• $50,000 for a Big Ten Tournament title

Additional bonuses are tied to his players’ academic performance, and he will have a salary pool of about $2.1 million for assistant coaches.