Brown will earn a base salary of $1.05 million next season.
It is possible Brown could earn three times what he makes now when he signs a new contract.
Brown earned $1.033 million last season and is scheduled to earn $1.1 million next season.
In his first season with Winnipeg, Brown earned a starting position at offensive guard.
But until Tuesday, Brown had never earned the highest prize in basketball.
Brown will also receive a signing bonus of $1.2 million and, with incentives, could earn more than $2 million next year.
The following year, the Browns earned a wild card spot with a 10-4 record.
Brown, who made $225,000 in 1986, will earn $212,500 for the coming season under a settlement reached by the team and his agent, Steve Greenberg.
Brown earned three caps with the U.S. national team in 1925 and 1926.
Over his last two seasons of coaching, Brown has earned a staggering $42.5 million in salary and contract buyouts.