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.
Mar 4, 2015, 2:25 PM EST
There are a lot of big bubbles games tonight.
Mar 4, 2015, 1:26 PM EST
These are the small league favorites that can win a game in the NCAA tournament.
Mar 4, 2015, 11:51 AM EST
Hank Gathers died on the court during the WCC tournament.
Mar 4, 2015, 10:42 AM EST
Perry Ellis suffered a nasty looking knee injury last night.
Mar 4, 2015, 10:15 AM EST
I’ve never seen this happen before.
Mar 4, 2015, 9:41 AM EST
Justin Anderson has been out for more than three weeks after fracturing a finger.
Mar 4, 2015, 9:00 AM EST
Two strong teams enter the Valley Conference Tournament with numerous others trying to enter the frame.
Mar 4, 2015, 12:26 AM EST
Kentucky is learning how to win games when they don’t play well. That’s scary.
Mar 3, 2015, 11:58 PM EST
No. 9 Kansas topped No. 20 West Virginia but now the Jayhawks must worry about the health of Perry Ellis.
Mar 3, 2015, 9:59 PM EST
Georgetown and Iowa earn big road wins.
Mar 3, 2015, 7:01 PM EST
All of Tuesday’s bubble action, right here.
Mar 3, 2015, 7:00 PM EST
Cincinnati could be losing an experienced guard for next season.
Jahlil Okafor, D’Angelo Russell among 10 finalists for Wayman Tisdale Award as nation’s best freshman
Mar 3, 2015, 6:00 PM EST
A lot of productive players on the Wayman Tisdale Award finalist list, led by Duke’s Jahlil Okafor and Ohio State’s D’Angelo Russell.
Mar 3, 2015, 4:52 PM EST
Albany is looking for its third NCAA tournament appearance in as many years. Stony Brook is attempting to once again get over that conference tournament hump.
Mar 3, 2015, 3:47 PM EST
Kaminsky has all but locked up the award in my mind.
Mar 3, 2015, 2:32 PM EST
Murray State rolled through the OVC unbeaten and enters the conference tournament as the heavy favorite.
Mar 3, 2015, 1:36 PM EST
Rasheed Sulaimon was reportedly publicly accused of sexual assault.
Mar 3, 2015, 1:24 PM EST
This is the last true road game for the Wildcats this season.
Mar 3, 2015, 12:54 PM EST
Andrew Chrabascz had missed the last two weeks with a broken hand
Mar 3, 2015, 12:05 PM EST
A three-game margin separated the top seven teams, so don’t be surprised if things don’t go according to the seeds in Conway, South Carolina.
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