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.
May 22, 2015, 10:30 PM EDT
Nevada landed an impact transfer that could help at guard after next season.
May 22, 2015, 9:15 PM EDT
Arizona will have some intriguing home-and-home games to go along with an in-season tournament.
May 22, 2015, 8:00 PM EDT
Cliff Alexander might have returned for his sophomore season if the NCAA had not been involved.
May 22, 2015, 7:00 PM EDT
Kentucky promoted a familiar face for the open assistant spot.
May 22, 2015, 5:45 PM EDT
Nebraska loses a commitment who could be headed elsewhere soon.
May 22, 2015, 4:27 PM EDT
Fox has led the Bulldogs to two NCAA tournament appearances in his six years as head coach, including last season’s 21-win team.
May 22, 2015, 2:40 PM EDT
The Rutgers perimeter rotation may be crowded, but there’s plenty of room for contributions as the team won just ten games last season.
May 22, 2015, 1:00 PM EDT
UNC now has 90 days to craft a response to the NCAA’s allegations.
May 22, 2015, 12:05 PM EDT
This isn’t the only addition UConn hopes to make to the 2016 class in the very near future.
May 22, 2015, 11:00 AM EDT
The Wildcats will also take on Arizona State, UCLA and Ohio State in non-conference play.
May 22, 2015, 9:50 AM EDT
Mohamed and Bakersfield big man Aly Ahmed argued in 2013 that bad advice led to them being ruled ineligible that season at Houston and Bakersfield, respectively.
May 21, 2015, 10:40 PM EDT
The slender forward joins Sacha Killeya-Jones, Ty Jerome and Kyle Guy in Virginia’s 2016 haul.
May 21, 2015, 9:35 PM EDT
Davis joins grassroots teammate C.J. Williamson Jr. in Texas Tech’s 2015 recruiting haul.
May 21, 2015, 8:00 PM EDT
UNC fell short in the race for Brandon Ingram, and the investigation was a big reason why.
May 21, 2015, 7:30 PM EDT
John Calipari will coach against former assistant Orlando Antigua November 27 in Miami.
May 21, 2015, 6:35 PM EDT
The Jonesboro, Georgia native averaged 11.9 points, 6.6 rebounds and 1.7 blocks per game as a redshirt junior at UALR.
May 21, 2015, 4:58 PM EDT
Last spring Mark Turgeon was seen by some as being on the “hot seat.” This spring, one sports book believes he’s got the early favorite to win the national title in 2016.
May 21, 2015, 3:54 PM EDT
Thanks a lot, Christian.
May 21, 2015, 2:09 PM EDT
Cal is always selling his program, and his latest viral quote is no different.
May 21, 2015, 1:40 PM EDT
It’s not as weird as it sounds.
- North Carolina announces receipt of Notice of Allegations from NCAA 2
- LSU’s ’25 is coming’ campaign doesn’t try to hide that they’re monetizing Ben Simmons 1
- Looking Forward: Catching up on the American’s offseason 1
- Five-star center Caleb Swanigan has committed to Purdue 8
- Friday’s most important rule changes only matter if refs actually enforce them 2
- Looking Forward: Catching up on the SEC’s offseason 1
- Looking Forward: Catching up on the Big East’s offseason 3
- Five-star center Caleb Swanigan has committed to Purdue (8)
- Sports book lists Maryland as early favorite to win national title (8)
- John Calipari is selling his program when he says national title isn’t a goal (5)
- St. John’s lands 2015 point guard Marcus LoVett Jr. (4)
- Looking Forward: Catching up on the Big East’s offseason (3)