NCAA Coaches’ Huge Tourney Bonuses
March 29, 2012 by staff
NCAA Coaches’ Huge Tourney Bonuses, The Kentucky Wildcats are the nation’s preeminent “basketball factory,” thanks to the team’s perennial on-court success and a track record of sending players to the NBA; four Wildcats were drafted last year, two of whom went in the first ten picks. The factory’s CEO is head coach John Calipari, and his contract bonuses rival those of executives across the country.
Calipari has already earned $325,000 in performance bonuses from the Wildcats’ success this year. $100,000 of that incentive payout is for making the Sweet Sixteen, and $175,000 is from qualifying for the Final Four. The bonus compensation is in addition to Calipari’s $3.8 million base salary this year, thanks to a contract that makes him the highest-paid coach in college basketball.
Kentucky joins Louisville, Kansas and Ohio State in the NCAA Tournament’s Final Four and the head coaches of the other three teams have also reaped the benefits of deep tournament runs. The four coaches have already collected a total $800,000 in performance bonuses, $630,000 of which is from tournament play.
Louisville’s Rick Pitino and Kansas’ Bill Self have earned a combined $275,000 from tournament-related bonuses. Ohio State’s Thad Matta has taken home a relatively meager $80,000 in bonuses from the Buckeyes’ tournament run, but the team’s success also triggered a clause that automatically adds an additional year to Matta’s contract term. USA Today estimates that the additional year will be worth just less than $2.5 million.
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