AMES, Iowa (AP) New Iowa State men's basketball coach T.J. Otzelberger will be paid $1 million per year with an additional $500,000 in supplemental benefits under terms of his five-year contract released Monday.

Otzelberger's base pay is $300,000, and he receives $700,000 for public appearances, speaking engagements and media obligations. The supplemental benefits include university contributions to his retirement plan.

Otzelberger will receive a bonus if the Cyclones are among the top four seeds in the Big 12 Tournament, with the No. 1 seed earning him $250,000. He would earn $100,000 for winning the conference tournament, $50,000 for an at-large NCAA Tournament bid and $50,000 for each win in the tournament.