Archie Miller will be handsomely rewarded for bringing competitive opponents to Simon Skjodt Assembly Hall.

Under the terms of his first Indiana contract, obtained by The Herald-Times on Tuesday through an open records request, Miller will receive an annual bonus of $125,000 for playing no more than one non-conference opponent that has a sub-300 RPI rating.

That’s just one of the benchmarks laid out for Miller, who agreed to terms on an incentivized seven-year contract worth $24 million and averaging $3.35 million in annual compensation.

Miller will make $550,000 per year in base salary, an additional $1.65 million to $1.95 million in outside promotional income, which increases by $50,000 annually, and $1 million in deferred compensation.

Through guaranteed compensation alone, which stands at $3.2 million entering this season, Miller is already one of the highest paid coaches in the country. According to the most recent update of the USA Today coaching salary database, Miller’s salary would rank eighth nationally, immediately behind Michigan’s John Beilein’s $3.37 million salary.

And like the contract Indiana recently executed with new football coach Tom Allen, Miller’s deal includes provisions for multiple performance-related bonuses that can add to his total compensation.

The non-conference scheduling provision is the most compelling, especially after the criticism former coach Tom Crean took for dotting the early-season schedule with sub-300 teams. According to the contract, Miller will receive his scheduling bonus if no more than one non-conference opponent has an RPI rating above 300 from the season prior as reported on the final ratings of espn.com.

Last season, four of the teams Crean scheduled finished with sub-300 RPI ratings. For next season, Indiana has already scheduled two teams, Howard (No. 339) and South Florida (No. 316), with sub-300 ratings.

For the future, Miller has spoken openly about working on a home-and-home series with Arizona and restarting the Kentucky series. Filling the dates in between will be the challenge.

Beyond the non-conference portion of the schedule, Miller will also be rewarded for success in March.

The IU coach will receive a bonus of $125,000 for winning the Big Ten regular season title and an additional $50,000 for winning the Big Ten Tournament. Each season that Indiana qualifies for the NCAA Tournament, Miller will receive a $25,000 bonus. He’ll make an additional $35,000 for reaching the Sweet 16, $50,000 for reaching the Elite Eight and $125,000 for reaching the Final Four.

Should the Hoosiers win an NCAA championship on Miller’s watch, the coach would receive a $250,000 bonus. Miller would also make $50,000 for receiving Big Ten Coach of the Year honors, and $50,000 for receiving National Coach of the Year honors. Miller would receive a bonus of $125,000 for his team posting a multiyear APR score over 950.

If Indiana were to fire Miller without cause before April 1, 2022, it would owe him all of the base salary, outside promotional income and deferred compensation remaining on the contract. If Miller were fired on or after that date, Indiana would owe him half of the base salary, outside promotional income and deferred compensation remaining through March 31, 2024.