May 17, 2012
Coach K Earned More Than $7 Million In 2010

Duke men’s basketball coach Mike Krzyzewski earned more than $7.2 million in compensation during the 2010 calendar year, according to the federal tax return the university filed this week.

The amount is the second greatest single-year compensation total for a college athletics coach since USA TODAY began tracking the pay of football and men’s basketball coaches in 2006. Louisville men’s basketball coach Rick Pitino received a little more than $8.9 million in total pay in 2010-11.

The return shows that Krzyzewski received:

• $1, 979, 257 in base compensation.

• $3, 747, 906 in bonus and incentive compensation.

• $1, 447, 339 in retirement and other deferred compensation.

• $41, 894 in other reportable compensation.

• $17, 580 in non-taxable benefits.

As a private school, Duke is not required to make public its employment contracts.

Duke Vice President for Public Affairs and Government Relations Michael Schoenfeld, who provided the return in response to a request from USA Today Sports, said in an e-mail “we don’t comment on individual compensation or contracts, but I will note that Duke did win the national championship during the reporting period.”

The Blue Devils defeated Butler for the 2010 NCAA championship, Krzyzewski’s fourth national title in his 11th Final Four appearance. Overall, including the 2011-12 season, Krzyzewski has a 929-291 career record, including an 856-232 at Duke.

Schoenfeld also noted that the more than $1.4 million in deferred compensation “was accrued over several years, which means it will be reported again on a subsequent (tax return) . . . when it is paid out . . . so what (Krzyzewski) was paid in 2010” is the total on the return — $7, 233, 976 -minus the deferred compensation amount, or a total of $5, 786, 637.

It is difficult to directly compare the compensation of private school employees to that of public school employees.

For its surveys of athletics compensation, USA TODAY Sports bases compensation totals for public-school employees on current year or current season figures found in contracts, NCAA-mandated outside-income forms and other documents it obtains through open-records requests.

It does not include the value of standard employee benefits or potentially taxable perks like tickets, country club memberships or family travel. In addition, USA TODAY reports the maximum amount of bonuses that can be earned during the applicable year or season.

Krzyzewski Earned More Than $7 Million In 2010

USA Today

http://www.usatoday.com/sports/college/mensbasketball/story/2012-05-16/mike-krzyzewski-duke-salary-over-seven-million/54992790/1

Duke men’s basketball coach Mike Krzyzewski earned more than $7.2 million in compensation during the 2010 calendar year, according to the federal tax return the university filed this week.

The amount is the second greatest single-year compensation total for a college athletics coach since USA TODAY began tracking the pay of football and men’s basketball coaches in 2006. Louisville men’s basketball coach Rick Pitino received a little more than $8.9 million in total pay in 2010-11.

The return shows that Krzyzewski received:

• $1, 979, 257 in base compensation.

• $3, 747, 906 in bonus and incentive compensation.

• $1, 447, 339 in retirement and other deferred compensation.

• $41, 894 in other reportable compensation.

• $17, 580 in non-taxable benefits.

As a private school, Duke is not required to make public its employment contracts.

Duke Vice President for Public Affairs and Government Relations Michael Schoenfeld, who provided the return in response to a request from USA Today Sports, said in an e-mail “we don’t comment on individual compensation or contracts, but I will note that Duke did win the national championship during the reporting period.”

The Blue Devils defeated Butler for the 2010 NCAA championship, Krzyzewski’s fourth national title in his 11th Final Four appearance. Overall, including the 2011-12 season, Krzyzewski has a 929-291 career record, including an 856-232 at Duke.

Schoenfeld also noted that the more than $1.4 million in deferred compensation “was accrued over several years, which means it will be reported again on a subsequent (tax return) . . . when it is paid out . . . so what (Krzyzewski) was paid in 2010” is the total on the return — $7, 233, 976 -minus the deferred compensation amount, or a total of $5, 786, 637.

It is difficult to directly compare the compensation of private school employees to that of public school employees.

For its surveys of athletics compensation, USA TODAY Sports bases compensation totals for public-school employees on current year or current season figures found in contracts, NCAA-mandated outside-income forms and other documents it obtains through open-records requests.

It does not include the value of standard employee benefits or potentially taxable perks like tickets, country club memberships or family travel. In addition, USA TODAY reports the maximum amount of bonuses that can be earned during the applicable year or season.






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