May 15, 2013, 7:47 PM EST
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.
Jan 27, 2015, 4:00 PM EST
You sometimes forget just how good some of the Duke guards were throughout the years. Here’s a reminder.
Jan 27, 2015, 3:33 PM EST
Hugh Greenwood made headlines last week for responding to an online troll.
Jan 27, 2015, 2:16 PM EST
Coach K is the best.
Jan 27, 2015, 1:40 PM EST
It should be an entertaining night for college hoops.
Jan 27, 2015, 12:00 PM EST
Can you guess who the most important player in program history was?
Jan 27, 2015, 10:59 AM EST
Justice started seven games this season.
Jan 27, 2015, 9:16 AM EST
DePaul may have to reschedule their trip to Providence.
Jan 26, 2015, 11:45 PM EST
North Carolina and Iowa State earned conference home wins on Monday night.
Jan 26, 2015, 11:22 PM EST
Iowa State bounced back from a loss against Texas Tech with a big home win over Texas.
Jan 26, 2015, 10:00 PM EST
UCLA should get a boost in practice with the addition of a four-star freshman forward to its roster.
Jan 26, 2015, 9:00 PM EST
BYU might be without a key frontcourt piece for the rest of the season.
Jan 26, 2015, 8:00 PM EST
The son of a former NBA veteran is moving on to a CAA program from Wake Forest.
Jan 26, 2015, 6:54 PM EST
Washington loses one of the most talented shot blockers in the nation.
Jan 26, 2015, 6:00 PM EST
Not a lot going on Monday night, but still some great games to check out.
Jan 26, 2015, 5:00 PM EST
Maryland grabs an impact point guard in the 2016 class.
Jan 26, 2015, 3:52 PM EST
Johnson landed awkwardly against Ohio State and may have to miss some time.
Jan 26, 2015, 2:03 PM EST
Don’t be surprised if there is only one unbeaten left by this time next week.
Jan 26, 2015, 12:49 PM EST
A recap of the nine craziest finishes from your college hoops weekend.
Jan 26, 2015, 10:28 AM EST
Frankamp spent a little more than a year at Kansas before transferring.
Jan 26, 2015, 9:00 AM EST
The best players and most impressive teams from the last week of college hoops.
- No. 15 Iowa State holds on to beat No. 19 Texas 0
- Washington kicks talented shot blocking big man off the team 1
- Tracking The Unbeatens: Virginia’s difficult schedule, and why were Kentucky’s platoons created? 1
- Weekly Awards: D’Angelo Russell’s ascension, Kansas takes the next step 0
- College Basketball Talk’s Latest Top 25 2
- Coach K earns career win No. 1,000 in No. 5 Duke’s win over St. John’s 4
- Kentucky lands commitment from international Class of 2016 big man 4
- No. 6 Wisconsin utterly embarrassed No. 25 Iowa for more than one reason (13)
- The Top Ten Players that Coach K has had at Duke (13)
- You think college basketball is unwatchable this year? Turn on an Indiana game (7)
- You Make The Call: Was this a charge on TaShawn Thomas? (VIDEO) (5)
- Player of the Year Power Rankings: Jahlil Okafor, Frank Kaminsky are still 1-2 (5)