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 15, 2014, 8:30 PM EDT
Shaquille Johnson is in trouble at his new home.
Sep 15, 2014, 7:30 PM EDT
Things are getting interesting between the Pitinos as we get closer to the Minnesota and Louisville game.
Sep 15, 2014, 6:30 PM EDT
Sep 15, 2014, 5:30 PM EDT
Charlotte head coach Alan Major has returned to the team.
CBT’s Recruiting Roundup: UConn and Arizona land 2015 big men, 2015 commitments flying off the board
Sep 15, 2014, 4:40 PM EDT
News and notes from around the world of college basketball recruiting.
Sep 15, 2014, 4:10 PM EDT
Brown is a 6-foot-7 powerhouse that has drawn some comparisons to Stanley Johnson.
Sep 15, 2014, 2:45 PM EDT
It’s the second recruit UCLA has lost this week.
Sep 15, 2014, 1:55 PM EDT
The NCAA is trying to improve their ability to apply common sense to rules interpretations.
Sep 15, 2014, 1:02 PM EDT
They’ll be out there for six full days. To get tickets to watch a practice.
Sep 15, 2014, 12:32 PM EDT
Avery Harriman continues his third battle with leukemia.
Sep 15, 2014, 11:19 AM EDT
It was less a shot at Coach K than it was a shot at USA Basketball.
Sep 15, 2014, 11:03 AM EDT
The best players in the D.C. area competed at DMVElite 80 over the weekend.
Sep 14, 2014, 11:59 PM EDT
Of Wyoming’s five 2015 verbal commitments, three have come from Florida natives.
Sep 14, 2014, 10:08 PM EDT
The Tabor Academy forward picked Fordham over offers from Duquesne, Quinnipiac and Saint Joseph’s.
Sep 14, 2014, 8:47 PM EDT
With Anthony Drmic and Derrick Marks both being seniors, this is an important addition for the Broncos.
Sep 14, 2014, 7:50 PM EDT
The Roselle Catholic (New Jersey) product is expected pick from Rhode Island, Seton Hall and South Carolina.
Sep 14, 2014, 6:15 PM EDT
Playing with an all-star team this summer helped the Arkansas transfer shake off the rust accumulated during his season on the sidelines.
Sep 14, 2014, 4:45 PM EDT
Before this season Johnathan Loyd hadn’t played football since high school, and on Saturday he scored his first college touchdown.
Sep 14, 2014, 3:15 PM EDT
Dunk City is using platelet-enriched plasma injections to help heal its athletes.
Sep 14, 2014, 2:00 PM EDT
DePaul picked up its first 2015 pledge on Sunday.
- CBT’s Recruiting Roundup: UConn and Arizona land 2015 big men, 2015 commitments flying off the board 0
- USA Basketball, Mike Krzyzewski and thoughts on today’s ‘takedown’ 2
- Arizona lands four-star center to potential No. 1 recruiting class in 2015 0
- Allen Iverson, Georgetown legends return to campus for new John Thompson practice facility 3
- In-state power forward verbally commits to UConn 0
- Former Indiana guard A.J. Guyton writes an open letter to Bob Knight 6
- College Basketball Talk’s Recruiting Roundup 0
- Former Indiana guard A.J. Guyton writes an open letter to Bob Knight (6)
- Four-star power forward becomes Indiana’s first 2015 commitment (3)
- Arizona State commit arrested for allegedly shoplifting less than $20 in DVDs from Walmart (3)
- Allen Iverson, Georgetown legends return to campus for new John Thompson practice facility (3)
- Villanova lands commitment from five-star point guard Jalen Brunson (2)