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.
Sep 30, 2014, 5:10 PM EDT
Western Kentucky fans were given three options and selected one for the upcoming season.
Sep 30, 2014, 3:55 PM EDT
NBA teams know all about efficiency stats and advanced analytics. College freshmen and sophomores may not.
Sep 30, 2014, 2:10 PM EDT
Those can’t be called dorms. Maybe luxury resort housing.
Sep 30, 2014, 1:56 PM EDT
Evans may be the best point guard in the Class of 2015, but it’s up for debate.
Sep 30, 2014, 1:17 PM EDT
Ernie Kent lands his third commitment in the Class of 2015.
Sep 30, 2014, 10:22 AM EDT
The pair will replace Digger Phelps and Jalen Rose.
Sep 30, 2014, 8:48 AM EDT
The Owls may not have landed Jalen Brunson, but they did bring in an elite “legacy” in the back court.
Sep 29, 2014, 11:45 PM EDT
Long Beach State has four commits in 2015.
Sep 29, 2014, 9:50 PM EDT
Pauley Pavilion has gone under plenty of changes in the last few seasons and dealt with a flooding issue several months back.
Sep 29, 2014, 8:00 PM EDT
UNLV continues to tap into the local powerhouse.
Sep 29, 2014, 7:47 PM EDT
All four commits are ranked in the Rivals150.
Sep 29, 2014, 7:15 PM EDT
Spoiler: Kentucky is going to dunk a lot this season.
Sep 29, 2014, 6:30 PM EDT
A decision could come within the next three weeks.
Sep 29, 2014, 5:15 PM EDT
John Calipari’s loaded roster has required a new position on the Kentucky staff.
Sep 29, 2014, 3:54 PM EDT
Logwood had previously signed with Auburn.
Sep 29, 2014, 3:13 PM EDT
Spoelstra is now the head coach of the Miami Heat.
Sep 29, 2014, 2:36 PM EDT
New head coach Mike Rhoades is from the Shaka Smart coaching tree.
Sep 29, 2014, 1:36 PM EDT
Will this hurt Cuonzo Martin’s program?
Sep 29, 2014, 12:47 PM EDT
Deville Smith has completed the tough task of playing for four different schools in four seasons.
Sep 29, 2014, 11:53 AM EDT
This provides more context into why Smart did what he did.
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