Tuesday, May 17, 2011

Shocking News: Coach K Makes Big Bucks

Did Coach K charge Alex for the autograph?
Every now and then an story surfaces about Duke head coach Mike Krzyzewski leaving Durham.  Why would he?  He's adored by zillions of (misguided) Duke fans, alums and students.  Hamburger Heroes line up to attend his school making the most tedious part of coaching, recruiting, a snap and he gets paid a zillion dollars a year.

OK, not quite a zillion.  But, Coack K continues to do well and is, once again, Duke's highest-paid employee.

The Associated Press on Monday obtained the university's most recent IRS documents for the fiscal year that ended June 30, 2010.

Krzyzewski's total compensation for that year was listed as nearly $4.7 million. That includes a base salary of $2 million, more than $2.2 million in bonuses and incentives and $420,000 in retirement and other deferred compensation.

The Blue Devils appear to be getting their money's worth: During that fiscal year, Krzyzewski won his second straight ACC tournament title, followed that up with his fourth NCAA tournament championship and spent much of the 2010-11 season ranked No. 1.

Krzyzewski is only the second Division I men's coach with 900 career wins, and enters the 2011-12 season two victories shy of tying his mentor Bob Knight for the record among top-tier men's coaches.

According to past IRS Form 990 filings, Krzyzewski made nearly $4.2 million in 2008-09 and roughly $3.6 million the year before that.

Duke's IRS Form 990 also shows football coach David Cutcliffe made $1.7 million. That included a base salary of nearly $1.4 million and $300,000 in incentives.

Athletic director Kevin White's total compensation was listed at $908,000, including a base salary of more than $775,000.

Evidently, there is good money in college sports.

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