May 15, 2013, 7:47 PM EDT
Salaries for head coaches have increased exponentially over the years, with increased television revenues (along with revenues from other sources) have allowed schools to pay top dollar to the leaders of their major sports programs.
With four national titles and multiple ACC titles and Final Four appearances, there’s no doubt that Duke head coach Mike Krzyzewski has earned his keep in Durham.
How much has he earned? According to USA Today, Krzyzewski received $9.7 million in pay for the 2011 calendar year based on a tax return recently filed by the school.
That amount is a record according to the paper, which has been tracking the pay of head coaches in football and men’s basketball since 2006, surpassing the $8.9 million earned by Louisville’s Rick Pitino in 2010-11.
Some details regarding Krzyzewski’s compensation were also revealed in the tax document:
$1,978,401 in base pay, nearly the same as what he received in 2010.
$5,642,574 in bonus and incentive compensation, nearly $1.9 million more than in 2010.
$1,982,097 in retirement and other deferred compensation, a little over $500,000 more than in 2010. (This is money that Krzyzewski accrued, but was not paid, in 2011; he could receive it in a future year.)
$59,616 in other reportable compensation such as family travel.
$19,344 in non-taxable benefits.
As a private school Duke isn’t required to release its contracts, resulting in the need to examine federal tax returns when attempting to figure out how much a coach is compensated.
Some may wonder why a coach would receive such a salary, but it all boils down to what the market demands.
A successful athletic department, especially in the major revenue sports, can result in more applicants and ultimately more enrollees (not to mention an increase in donations from alumni).
Raphielle can be followed on Twitter at @raphiellej.
- Kyle Wiltjer to return to Gonzaga for his senior season 0
- Utah’s Jakob Poeltl will return to school for his sophomore season 1
- 2015 College Basketball Updated Early Entry List 14
- Former Kansas State guard transferring to Creighton 0
- Former Cornell forward Shonn Miller headed to UConn for final season of eligibility 0
- Purdue center A.J. Hammons to return for senior season 0
- Five-star 7-footer Stephen Zimmerman commits to UNLV 4
- 2015 College Basketball Updated Early Entry List (14)
- Duke’s Tyus Jones becomes third Blue Devil to enter the NBA Draft (11)
- Five-star Kentucky commit believes the NCAA will clear him to play (10)
- Updated 2015-2016 College Basketball Way-Too Early Preseason Top 25 (9)
- Duke freshman Justise Winslow will enter 2015 NBA Draft (8)