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.
Aug 22, 2014, 5:05 PM EDT
College Basketball Talk’s recruiting column explores a week topics this week.
Aug 22, 2014, 3:20 PM EDT
Dominic Woodson is now officially a Tennessee Volunteer.
Aug 22, 2014, 2:37 PM EDT
Aaron Brown averaged 9.9 points per game and shot 39 percent from three last season, and he’ll be eligible to play immediately.
Aug 22, 2014, 1:28 PM EDT
Having stated their intention of appealing the ruling in the Ed O’Bannon lawsuit, the NCAA filed a notice of appeal on Thursday.
Aug 22, 2014, 12:07 PM EDT
Five-star center Tyler Davis becomes Texas A&M’s first commitment, and he’s an important addition for Billy Kennedy.
Aug 22, 2014, 11:15 AM EDT
Austin Hatch, who saw his first action in a Michigan uniform on Saturday, discussed his return to the court on The Today Show.
Aug 22, 2014, 10:30 AM EDT
Upon completion, Hinkle Fieldhouse will have a brand new look while preserving the building’s storied past.
Aug 22, 2014, 9:44 AM EDT
The conference tournament will now span five days, with there being a doubleheader on Wednesday, March 11 (11 seed vs. 14 seed, 12 seed vs. 13 seed).
Aug 21, 2014, 11:06 PM EDT
More than two months after his older brother left the football program, Mickey Mitchell has decided to decommit from Ohio State.
Aug 21, 2014, 10:14 PM EDT
6-foot-7 forward Kevin Puryear was a point forward for his high school team last season.
Aug 21, 2014, 8:45 PM EDT
The Toronto Blue Jays aren’t thrilled with Creighton filing an application to trademark its logo, which was unveiled last September.
Aug 21, 2014, 7:21 PM EDT
Rick Barnes entered last season on nearly every pundit’s “hot seat” rankings, only to turn things around and win 24 games.
Aug 21, 2014, 5:55 PM EDT
Mo’ne Davis is currently focused on winning a LLWS title, but down the line she really wants to run the point at UConn.
Aug 21, 2014, 4:37 PM EDT
Aaron McKie ranks sixth on Temple’s all-time scoring list, and he played 13 seasons in the NBA.
Aug 21, 2014, 3:57 PM EDT
UConn’s league schedule is only getting weaker. They need to beef up in the non-conference.
Aug 21, 2014, 3:19 PM EDT
A quick explanation of why John Calipari can be a great coach without being a great x’s-and-o’s coach.
Aug 21, 2014, 1:45 PM EDT
Do you agree with that ranking?
Aug 21, 2014, 12:46 PM EDT
But would hiring Cremins be a way to get Anthony Johnson the job?
Aug 21, 2014, 10:55 AM EDT
It is absolutely hilarious.
Aug 21, 2014, 10:34 AM EDT
Five points down, 2.8 seconds left, and victorious?
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- John Calipari can be a great coach with being an x’s-and-o’s mastermind 4
- Louisville’s Terry Rozier is ready for his bigger role this season 1
- Expectations have changed for Nebraska after surprise run to 2014 NCAA tournament 0
- John Calipari on whether Kentucky will use platoons this season: ‘I think so’ 3
- College Basketball Talk’s Recruiting Roundup 1
- Austin Hatch, who twice survived plane crashes, plays for Michigan 0
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- Rupp Arena ranked college hoops’ best home venue, Cameron Indoor 31st? (6)
- Northern Illinois unveils its new basketball floor (PHOTO) (5)
- Former Vanderbilt player releasing book exposing sex, drugs and parties in college basketball (4)
- Indiana lands a final piece in their 2014 recruiting class (4)