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.
Apr 23, 2014, 11:49 AM EDT
Kentucky got some good news on Wednesday afternoon.
Apr 23, 2014, 10:32 AM EDT
He will be eligible immediately.
Apr 23, 2014, 10:03 AM EDT
Not a bad pitch from the UConn star.
Apr 22, 2014, 11:08 PM EDT
The UTEP coach is now a candidate to replace Frank Haith at Missouri.
Apr 22, 2014, 10:10 PM EDT
Virginia got its fourth commit on Tuesday night.
Apr 22, 2014, 9:09 PM EDT
A look back on UConn’s second title in four years.
Apr 22, 2014, 8:05 PM EDT
The Southern coach is receiving a contract extension.
Apr 22, 2014, 7:15 PM EDT
Loyd is converting from point guard to wide receiver.
Apr 22, 2014, 6:30 PM EDT
The Bulls announced the fifth departure this spring.
Apr 22, 2014, 5:45 PM EDT
Austin will leave Waco after two seasons.
Apr 22, 2014, 5:00 PM EDT
Andrew Wiggins is the most searched athlete in two states, according to a recent study.
Apr 22, 2014, 4:04 PM EDT
Ron Hunter is loading up on talented transfers
Apr 22, 2014, 2:43 PM EDT
Auburn will accept the punishment that has been given to Pearl by the NCAA.
Apr 22, 2014, 1:57 PM EDT
Kentucky is still waiting for a decision from four players.
Apr 22, 2014, 1:18 PM EDT
Darius is the younger brother of former Illini guard Brandon Paul.
Apr 22, 2014, 11:52 AM EDT
The ACC schedule is what happens when leagues get too big.
Apr 22, 2014, 10:55 AM EDT
Ivan Rabb is the best big man in a loaded class of bigs, according to Rivals.
Apr 22, 2014, 9:53 AM EDT
K.J. McDaniels might win an NBA dunk contest one day.
Apr 22, 2014, 9:40 AM EDT
Cauley-Stein will be out for a couple of months.
Apr 21, 2014, 11:54 PM EDT
Indiana assistant coach and recruiting coordinator Kenny Johnson is moving on to Louisville.
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