Duke University’s men’s basketball head coach, Mike Krzyzewski made nearly $10 million in compensation during 2011.
According to Steve Berkowitz of USA Today, Krzyzewski’s $9.7 million salary is the largest amount in a single year for a college coach. Louisville‘s Rick Pitino, who led the Cardinals to winning the NCAA championship this previous season, came close making $8.9 million after taxes during the 2010-2011 season.
In 2010, Krzyzewski earned $7.2 million and less than $4.7 million during the 2009 regular season. The following list below shows the new report that USA Today was able to get a hands on which indicates Krzyzewki’s total compensation after taxes.
- $1,978,401 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.)
- $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.
- $59,616 in other reportable compensation such as family travel.
- $19,344 in non-taxable benefits.
After taking over as head coach of the Blue Devils in 1980, Krzyzewski has committed a grand total of 33 years of service thus far. In 2011 he becoming the winningest NCAA Division 1 head coach of all-time. As well, he won four national championships and made 11 Final Four appearances. Overall, Krzyzewski was able to attain a record 957 wins and 297 losses in his career.
Kentucky Wildcats‘ coach, John Calipari made $5.7 million for the previous season. Kansas JayHawks‘ Bill Self along with Rick Pitino made approximately $5 million.
Duke University’s Vice President for Public Affairs and Goverment Relations, Michael Schoenfeld said
By any measure, Coach K is one of the greatest, if not the greatest, college coach of all-time.
Schoenfeld also mentioned Krzyzewski’s unparalleled success is attributed to his commitment to student-athletes’ academic achievement and to Duke University.
Do you think Mike Krzyzewski is overpaid? Or is he underpaid? Did he deserve every penny? Tell me what you think, in the comments below.