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Michigan State give Hall of Fame coach Izzo a new five-year deal
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Michigan State head coach Tom Izzo will remain with the program for at least the next five years
Michigan State head coach Tom Izzo will remain with the program for at least the next five years

Michigan State and Tom Izzo have agreed to a new five-year, $31 million contract, giving the Hall of Fame men’s basketball coach an annual raise of about $2 million.  

The university announced the contract extension on Thursday, pending board approval.  

"We greatly appreciate Coach Izzo's commitment to our outstanding university and his competitive drive to keep Spartan basketball as a national powerhouse," university president Samuel Stanley said in a statement. 

The MSU Athletics account on Twitter announced Izzo’s new deal using the phrase "Spartan For Life."

"Twelve years ago, Tom Izzo said he would be a Spartan for Life, and today's announcement further demonstrates and renews this commitment," AD Alan Haller said in a statement. "We have worked collaboratively to come up with a contract which benefits the university, coach Izzo and his family."

A 2016 inductee into the Naismith Memorial Basketball Hall of Fame, Izzo is entering his 28th year at the helm of Spartan men’s basketball with a career record of 666-267.  

Izzo has led Michigan State to eight Final Four appearances, including the 2000 national championship.  

The Spartans have participated in NCAA Tournament in a Big Ten-record 24 straight seasons.  

"Michigan State has been a home to me and my family for 40 years and I'm ecstatic to sign this contract," Izzo said in the statement. 

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