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.
Oct 31, 2014, 2:00 PM EDT
Despite 29 wins (13 in conference play) Louisiana Tech missed out on the NCAA tournament. Michael White looks to change that this season, although, his team will have to go through the likes of UTEP and newcomer Western Kentucky, first.
Oct 31, 2014, 1:12 PM EDT
With the number of guards in the Kansas program, playing time was likely to be scarce for Conner Frankamp.
Oct 31, 2014, 12:45 PM EDT
Isaac Fotu’s part of the NCAA’s investigation into the program, and other schools have attempted to poach some of Hawaii’s remaining players.
Oct 31, 2014, 12:00 PM EDT
Virginia is coming off of a dual-ACC title and returns the majority of the key players from that team.
Oct 31, 2014, 11:37 AM EDT
No surprise that Kentucky’s on top. Also of note: No. 3 Wisconsin received more first-place votes than No. 2 Arizona.
Oct 31, 2014, 10:30 AM EDT
The Cincinnati transfer was expected to factor into a rotation that’s replacing five seniors from last season’s team.
Oct 31, 2014, 9:00 AM EDT
Is this team better than Philly?
Oct 30, 2014, 11:53 PM EDT
Quick action by construction workers ensured that it was declared ready for play two days after being flooded.
Oct 30, 2014, 10:41 PM EDT
Some officials are in hot water after compromising a system used by 20 different Division I conferences.
Oct 30, 2014, 8:58 PM EDT
Saint Louis adds more depth to its front court with this verbal commitment.
Oct 30, 2014, 7:30 PM EDT
I can do that.
Oct 30, 2014, 7:26 PM EDT
John Egbunu was an American Athletic Conference All-Freshman Team selection at USF last season.
Oct 30, 2014, 6:30 PM EDT
The Preseason Atlantic 10 Player of the Year is looking to lead VCU deep into March.
Oct 30, 2014, 5:55 PM EDT
Chris Clarke is a perfect fit for Donnie Tyndall.
Oct 30, 2014, 4:45 PM EDT
The Golden Griffins have to account for the loss of four starters from last season’s 21-win team.
Oct 30, 2014, 3:56 PM EDT
Feel free to take this as my challenge to you all.
Oct 30, 2014, 2:32 PM EDT
North Carolina should be a national title contender, but they do have some question marks.
Oct 30, 2014, 1:45 PM EDT
Dayton head coach Archie Miller spurned high-major programs to remain at Atlantic 10. He’s not the only one in the league happy with where they are.
Oct 30, 2014, 12:56 PM EDT
Pollard is looking to reignite his career at Houston this season.
Oct 30, 2014, 12:00 PM EDT
The Atlantic 10 is out to gain respect again this season from the rest of the college basketball world, a year after the league saw a record six teams selected for the NCAA tournament with one team reaching the Elite 8.
- Top 25 Countdown: No. 6 Virginia Cavaliers 0
- 2014-15 Season Preview: College Basketball Dream Team 1
- VCU’s Treveon Graham: From lightly recruited to leader of Havoc, the Atlantic 10 favorites 0
- Top 25 Countdown: No. 7 North Carolina Tar Heels 1
- Dayton’s Elite 8 run, Archie Miller’s decision to stay help continue Atlantic 10’s success 1
- 2014-15 Season Preview: Jahlil Okafor, Frank Kaminsky lead a strong crop of big men 0
- 2014-15 Season Preview: Toledo looks to end a 35-year NCAA Tournament drought and rep the MAC 0
- Five-star 2015 power forward down to five schools (2)
- Roy Williams says he was ‘dumbfounded’ following Kenneth Wainstein’s report (VIDEO) (2)
- Hawaii considering its options regarding NCAA investigation of basketball program (2)
- VCU’s band ‘The Peppas’ will be doing Haka War Chants this year (VIDEO) (2)
- Mark Emmert calls UNC scandal ‘troubling’, ‘disturbing’, ‘shocking’ (2)