Mike Boynton Jr. has agreed to a one‑year contract with Michigan Basketball that could extend into a second season contingent on meeting defined performance and academic milestones.
Financial Framework and Bonuses
The agreement guarantees a base salary of $3.6 million for the initial year and includes a $250,000 signing bonus that must be paid within 30 days of execution. If Boynton satisfies the stipulated benchmarks, his compensation rises to $4 million in the follow‑up year, with additional coach‑of‑the‑year awards that can reach $100,000.
Performance and Academic Conditions
To unlock the second year, Boynton must avoid NCAA violations, maintain eligibility as a student‑athlete, win at least 24 regular‑season games or guide the team to the Final Four, and keep the program’s Academic Progress Rate at 960 or higher. Performance bonuses are tied to conference and NCAA Tournament results and are not cumulative.
Buyout and Exit Clauses
The contract includes a $3 million buyout provision that would be payable if Michigan terminates the agreement without cause while the second‑year criteria remain achievable. Conversely, if Boynton departs for another position before seven days after the 2026‑27 season ends, he would owe the university the same amount.
Perks and Program Context
Beyond cash, Boynton receives university‑provided vehicles, travel privileges and complimentary season tickets. The deal was reviewed by Athletic Director Warde Manuel and university officials including Domenico Grasso and Dusty May, underscoring Michigan’s intent to blend financial incentives with academic rigor.