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.
Nov 24, 2014, 2:24 PM EST
Jerian Grant was dominant in the final 12 minutes against Providence.
Nov 24, 2014, 1:36 PM EST
Once again, the Maui has put together a loaded field.
Nov 24, 2014, 1:00 PM EST
There will be some fun basketball games on Monday night.
Nov 24, 2014, 12:19 PM EST
Atson was called by one scout the “Chris Herren of New Haven”.
Nov 24, 2014, 11:41 AM EST
Henton went for 38 against Notre Dame, while West Virginia won the Puerto Rico Tip-Off.
Nov 24, 2014, 9:00 AM EST
Look at how far away from the rim he takes off.
Nov 24, 2014, 7:00 AM EST
Putting together a top 25 this early is tough to do as we balance expectations with early season performance.
Nov 24, 2014, 1:10 AM EST
No. 1 Kentucky set a new school record, Ohio State’s Shannon Scott broke Aaron Craft’s single-game assist record and more.
Nov 24, 2014, 12:15 AM EST
‘Buckets’ earned his nickname because he gets … buckets.
Nov 23, 2014, 11:49 PM EST
A week that began with a win at No. 7 Florida ended with a commanding victory over Charlotte at the Gildan Charleston Classic.
Nov 23, 2014, 9:57 PM EST
West Virginia has better depth and toughness than they had a season ago, and those improvements paid off in Puerto Rico this weekend.
Nov 23, 2014, 8:55 PM EST
The 5-foot-10 guard has a standing vertical of 38 inches. That’s pretty good.
Nov 23, 2014, 8:10 PM EST
Kadeem Jack missed the first two games of the season with a thumb injury.
Nov 23, 2014, 6:55 PM EST
With Cullen Neal already dealing with an ankle injury, Arthur Edwards is the latest Lobo dealing with a health issue.
Nov 23, 2014, 5:34 PM EST
Rakim Lubin was averaging five minutes per contest in UConn’s first three games.
Nov 23, 2014, 5:16 PM EST
House scored 18 points, shooting 7-for-11 from the field, in Texas A&M’s 64-51 win over New Mexico.
Nov 23, 2014, 3:55 PM EST
Yale forward Matt Townsend was named a Rhodes Scholar this weekend, a rare honor only give to 32 American students each year.
Nov 23, 2014, 2:41 PM EST
Danuel House made his presence felt immediately for Texas A&M.
Nov 23, 2014, 2:10 PM EST
Oakland forward Tommy McCune had to overcome the loss of his mother after she lost her battle with cancer, but he’s shown flashes of great play early this season as he moves forward.
Nov 23, 2014, 1:10 PM EST
The high school ranks gave us a great dunk this weekend.
- Mike Brey was excited about Notre Dame’s loss because the Irish have their closer back 0
- Weekly Awards: LaDontae Henton, West Virginia with notable performances 0
- College Basketball Talk’s latest top 25: Kentucky reigns, but how far will Kansas, Florida slide? 4
- Providence star LaDontae ‘Buckets’ Henton may be the nation’s most under-appreciated star 1
- West Virginia shows signs of progress in Puerto Rico Tipoff win over No. 17 UConn 1
- Quinn Cook is thriving as an off-guard, and No. 4 Duke will reap the benefits 0
- Rhode Island upsets No. 21 Nebraska, 66-62, in overtime 0
- Poll: 54 percent of people think Kentucky beats the 76ers, 54 percent of people are dumb (31)
- No. 1 Kentucky’s size, depth overwhelms No. 5 Kansas, makes 40-0 seem possible? (5)
- College Basketball Talk’s latest top 25: Kentucky reigns, but how far will Kansas, Florida slide? (4)
- Pregame Shootaround: No. 14 Iowa State needs to be on upset alert tonight (3)
- Miami upsets No. 8 Florida thanks to the Angel Rodriguez takeover (3)