View Full Version : USA Today List of College Basketball Coaches Salaries
FIGHTING MUSKETEER
02-28-2018, 06:15 PM
It just does not sound fair. Don't know how accurate the info is, but here is the link. CM comes in at 55 with almost $1,670,000.
http://sports.usatoday.com/ncaa/salaries/mens-basketball/coach/
paulxu
02-28-2018, 07:30 PM
The world has gone nuts.
Holtmann at $7mil with $19.5 buyout?
Archie Miller at $3mil with $20 buyout?
Neither of those guys can hold a candle to Mack.
BandAid
02-28-2018, 07:52 PM
Are you saying we should pay the man?
HenryMuto
02-28-2018, 08:03 PM
Are you saying we should pay the man?
X better or someone else will (like Louisville)
letskeepitreal
02-28-2018, 09:14 PM
Kind of awful. Are these funds school money only? Doesn’t Mack have some kind of endowed coaching job and is this part of his compensation. I am a college basketball fan but our values are screwed up when we think basketball coaches are worth $8-9M a year.
markchal
02-28-2018, 09:38 PM
I know Mack keeps saying there's more to life than money, but at some point, if we can't pay more half what some A10 coaches get, can we really expect to keep coaches for a long time?
X Factor
02-28-2018, 09:50 PM
That is sad. Mack should be in the Top 30 MINIMUM!
bleedXblue
02-28-2018, 09:53 PM
I know Mack keeps saying there's more to life than money, but at some point, if we can't pay more half what some A10 coaches get, can we really expect to keep coaches for a long time?
negative
Chip in people!
I’ve been getting emails the last few days. I admit I took it as nuisance originally. I can’t make much of a difference personally, but as a group, bigger things are possible. Let’s do big things!
bleedXblue
02-28-2018, 10:05 PM
In looking at this list, the FBI should be investigating about 10 coaches for flat out stealing money from their respective schools. That or the stupidity of schools like Illinois and Utah are what they paying for very average coaches.
GIMMFD
02-28-2018, 10:49 PM
Correct me if I'm wrong, but isn't this just base salary?? This doesn't count the numerous incentives Mack gets right? Isn't this number closer to the $2.3-3 million range? Either way, I agree, he definitely deserves a salary increase, he'll get an extension for making the tournament (that's still in his contract right?), and hopefully we get quite a few funds from moving on deep in the tournament, and the Big East has a good showing this year.
Xavier
03-01-2018, 06:54 AM
The world has gone nuts.
Holtmann at $7mil with $19.5 buyout?
Archie Miller at $3mil with $20 buyout?
Neither of those guys can hold a candle to Mack.
I think eventually Holtmann will be a top 15 coach/program at OSU. Agreed with Miller.
Muskie
03-01-2018, 10:23 AM
Correct me if I'm wrong, but isn't this just base salary?? This doesn't count the numerous incentives Mack gets right? Isn't this number closer to the $2.3-3 million range? Either way, I agree, he definitely deserves a salary increase, he'll get an extension for making the tournament (that's still in his contract right?), and hopefully we get quite a few funds from moving on deep in the tournament, and the Big East has a good showing this year.
It's just base. But I don't know that he has 1.5 million in incentives. That doesn't seem likely. It's all fine and good to say "pay the man". It's not for lack of desire. It's finding the funds. Of course I have no idea how much the Sedler Endowment helps either. Maybe he's making way more than I think he is.
Cheesehead
03-01-2018, 12:59 PM
I like Ed Cooley but even he is making more than Mack!
mid major
03-01-2018, 05:16 PM
How in the world is Holtman making $7.14 million. That is crazy. He and Sean must have lawyers from the same firm to negotiate their contracts. I heard the Sedler endowment is between $400K-$600K. Like MOR says...pay da man!
Snipe
03-01-2018, 05:19 PM
I would like to make 1.5 million while being grossly underpaid.
Surprised that Holtman makes 7 million. A year? Jesus.
I think that Mack will get a raise. Louisville could offer him a 50 million dollar contract. Tough to turn down a ship load of money.
bleedXblue
03-01-2018, 05:24 PM
How in the world is Holtman making $7.14 million. That is crazy. He and Sean must have lawyers from the same firm to negotiate their contracts. I heard the Sedler endowment is between $400K-$600K. Like MOR says...pay da man!
Over the course of the eight years, running through June 30, 2025, Holtmann will make $3 million per year with a base salary of $850,000. He will also receive $1,315,000 for media promotions and public relations, $825,000 in apparel and equipment and $10,000 per year for required Coca-Cola appearances.
pulled this from the press release.......no idea where this report came up with 7 million a year......
markchal
03-01-2018, 05:36 PM
Yeah, looking at this list, would be very hard to blame him if he left. He'd leave as the winningest coach in program history, with a BE title, and a very impressive run. Not much else for him to accomplish (outside a FF). That being said, his comments in the story in The Athletic make me more optimistic he sticks around. But still, pay the guy.
mid major
03-01-2018, 05:49 PM
Over the course of the eight years, running through June 30, 2025, Holtmann will make $3 million per year with a base salary of $850,000. He will also receive $1,315,000 for media promotions and public relations, $825,000 in apparel and equipment and $10,000 per year for required Coca-Cola appearances.
pulled this from the press release.......no idea where this report came up with 7 million a year......
Aha! They say he's in the Top 20 but no where close to $7 million a year. I just read this on Butler Hoops. I am not a troll. I was just reading. It's like looking at another woman's tits. Anyone here ever done that before?
bleedXblue
03-01-2018, 08:58 PM
If the number is 3 mil/yr to keep him happy and here and we're at 2.1 or 2.2 right now (includes Sedler $$) this is a no brainer to me.
xavierj
03-01-2018, 09:11 PM
I think you just keep increasing his salary every year. Chris seems about as comfortable as any coach i have ever seen. Most coaches come across as very stressed out and mad at the world. Chris just seems happy and seems to really have fun with this stuff. I think with his foundation, his situation at Xavier and his family seeming to really like it here, I just don’t see him going anywhere. He also is the much more liked coach in town with the media and even a lot of UC’s fans seem to like him better than Mick.
bleedXblue
03-01-2018, 09:22 PM
I think you just keep increasing his salary every year. Chris seems about as comfortable as any coach i have ever seen. Most coaches come across as very stressed out and mad at the world. Chris just seems happy and seems to really have fun with this stuff. I think with his foundation, his situation at Xavier and his family seeming to really like it here, I just don’t see him going anywhere. He also is the much more liked coach in town with the media and even a lot of UC’s fans seem to like him better than Mick.
It doesn't work that way....Christoper isn't going to rework a contract every year. You could work the deal that way........
I think you sign him up to a new 5 year deal around with a strong buyout clause that sets him up well if X ever wanted/needed to part ways.
xcellentx
03-02-2018, 12:50 AM
I am a bit curious about the numbers. You have to remember that public universities have to report everything given to the coach, where we as a private university do not. This also doesn't include any buyout for Mack leaving, which I have to think must exist. I have to think that this isn't the full salary he receives. I did see somewhere that he has an endowment set up by the owner of Home City Ice but someone in the know would have to elaborate on that.
I do wonder how much an extra million or 2 really matters when you are already making 1.6mil. If you doubled most people's salary, it would be a huge deal, but if you are already making 1.6, what are you even doing with that? He seems pretty happy, just bought a very nice house, and his family seems happy. I'm not saying the money isn't a draw, but he also seems to have what he wants. He is a top 25 coach at the very least, and deserves to be paid as such. Either way though, I'm sure he would be telling the university that he is unhappy if he wants to be paid more.
webxu
03-02-2018, 07:55 AM
Absolutely no reason why he shouldn't be making 3M per year... and maybe he is.. I for one have no clue his TOTAL compensation, but I would have to imagine it is comparable to other top 25 schools, as X prides itself on top notch facilities and program, its not a far leap to assume the coach gets compensated like the top notch coach he is...
nuts4xu
03-02-2018, 08:35 AM
It's like looking at another woman's tits. Anyone here ever done that before?
Oh yes, most definitely. If you were a supporting member of this board, you’d know I am a fan of all shapes, sizes, and colors of tits.
Xville
03-02-2018, 09:08 AM
From what I am hearing around here, Louisville is going to offer about 3-4 million a year to the next coach. If I'm Mack, regardless of how happy I am, it would be tough to turn down double my salary, double the size of Cintas environment, coach a historically top 10ish program, and move to an area not very far from "Home."
Of course, Louisville might come with double the problems and would even if they weren't facing more sanctions. Is the juice worth the squeeze?
paulxu
03-02-2018, 09:31 AM
If Mack was coaching that team, they wouldn't have lost to Virginia last night.
bleedXblue
03-02-2018, 09:54 AM
From what I am hearing around here, Louisville is going to offer about 3-4 million a year to the next coach. If I'm Mack, regardless of how happy I am, it would be tough to turn down double my salary, double the size of Cintas environment, coach a historically top 10ish program, and move to an area not very far from "Home."
Of course, Louisville might come with double the problems and would even if they weren't facing more sanctions. Is the juice worth the squeeze?
X should increase his pay in the off season. Mack seems very happy at X. If we can get him in the total comp range of 2.5-3.0 MM I think we are good. Add to that a nice buyout clause to his deal if we ever decided to part ways on our own.
kmcrawfo
03-02-2018, 10:57 AM
I am a bit curious about the numbers. You have to remember that public universities have to report everything given to the coach, where we as a private university do not. This also doesn't include any buyout for Mack leaving, which I have to think must exist. I have to think that this isn't the full salary he receives. I did see somewhere that he has an endowment set up by the owner of Home City Ice but someone in the know would have to elaborate on that.
I do wonder how much an extra million or 2 really matters when you are already making 1.6mil. If you doubled most people's salary, it would be a huge deal, but if you are already making 1.6, what are you even doing with that? He seems pretty happy, just bought a very nice house, and his family seems happy. I'm not saying the money isn't a draw, but he also seems to have what he wants. He is a top 25 coach at the very least, and deserves to be paid as such. Either way though, I'm sure he would be telling the university that he is unhappy if he wants to be paid more.
While the full value of the endowments Xavier now has for the head coach, associated head coach, and assistant coaches are very helpful from a number of facets at this point they are not being used to significantly escalate the coaches salaries. This is partially because none of them are yet fully funded. Some of those funds such as the associate head coach endowment can only be used to supplement the associate head coach. In the event X does not have an associate head coach then the funds can be used to supplement other basketball coaching salaries. Now, lets just say that the associate head coach endowment happens to be $2 million and the head coach endowment is $5 million. XU can only pull 4% of that annually to supplement coaching salaries. So, the associate head coach could get an extra $80k and the head coach an extra $200k. Our coaching endowments are no-where near the levels to fully subsidize the head coach or associate head coaches salaries.
How do we get there? There has to be other donors than the people initial step up and get these endowments started. If 2000 X grads were to put $500 each into either of these endowments (which people could do) it would allow X to give another $40k annually to our coaching staff. That is where we are lacking. As much as we have a few folks who step up and do the best they can to support Xavier Athletics, we are as a whole working from a much smaller donor base than our peers in the Big East and other big time BBall programs.
Regarding the difference that another $1million dollar makes to someone making $1.75 million per year. It is huge. I mean, massive. It is the difference between working into your late 60s and retiring in your late 40's assuming you were 44 and decided to invest that $1 million dollar each year. now the different between $4million/yr and $5million/yr is much smaller but that is not what we are talking about here. To go from $1.75 to $3/yr allows someone to retire in 5-6 years if they are sensible and maintain their lifestyle for the rest of there lives. No way to do that at $1.5million in the same time frame. In know it seems crazy when dealing with those size of numbers, but it is true.
On my way to Chicago now to cheer on X with my daughter.
Xville
03-02-2018, 11:38 AM
While the full value of the endowments Xavier now has for the head coach, associated head coach, and assistant coaches are very helpful from a number of facets at this point they are not being used to significantly escalate the coaches salaries. This is partially because none of them are yet fully funded. Some of those funds such as the associate head coach endowment can only be used to supplement the associate head coach. In the event X does not have an associate head coach then the funds can be used to supplement other basketball coaching salaries. Now, lets just say that the associate head coach endowment happens to be $2 million and the head coach endowment is $5 million. XU can only pull 4% of that annually to supplement coaching salaries. So, the associate head coach could get an extra $80k and the head coach an extra $200k. Our coaching endowments are no-where near the levels to fully subsidize the head coach or associate head coaches salaries.
How do we get there? There has to be other donors than the people initial step up and get these endowments started. If 2000 X grads were to put $500 each into either of these endowments (which people could do) it would allow X to give another $40k annually to our coaching staff. That is where we are lacking. As much as we have a few folks who step up and do the best they can to support Xavier Athletics, we are as a whole working from a much smaller donor base than our peers in the Big East and other big time BBall programs.
Regarding the difference that another $1million dollar makes to someone making $1.75 million per year. It is huge. I mean, massive. It is the difference between working into your late 60s and retiring in your late 40's assuming you were 44 and decided to invest that $1 million dollar each year. now the different between $4million/yr and $5million/yr is much smaller but that is not what we are talking about here. To go from $1.75 to $3/yr allows someone to retire in 5-6 years if they are sensible and maintain their lifestyle for the rest of there lives. No way to do that at $1.5million in the same time frame. In know it seems crazy when dealing with those size of numbers, but it is true.
On my way to Chicago now to cheer on X with my daughter.
Thank you for this info, and yes the difference between 1.5 to 3 is massive...talking about a whole different type of wealth and security for your children and on down the family line.
If Mack is presented with this decision which I'm assuming he is going to be or already has been thru agents or friends of agents, it isn't going to be just about money. As great as Xavier is, you are talking about the option to coach a blue blood, or at least as close to a blue blood as you can possibly get. You are talking about coaching a game in a Taj Mahal for college basketball that is double the size of Cintas, and you are talking about an area of the country that cares more about basketball, than any other part of the country and that includes Tobacco Road. Need proof? Take a look at the Nielsen ratings every year during March Madness...Louisville ranks #1 every single year.
With all of this comes more stress and more problems especially with Louisville's looming sanctions over its head with the Bowen situation...Biggie was right....but if I'm Mack this is one heck of a decision to make and money is only part of the equation.
I don't know what I would do if I were him, and being an alumnus of the school, I absolutely love Xavier.
xcellentx
03-02-2018, 11:54 AM
While the full value of the endowments Xavier now has for the head coach, associated head coach, and assistant coaches are very helpful from a number of facets at this point they are not being used to significantly escalate the coaches salaries. This is partially because none of them are yet fully funded. Some of those funds such as the associate head coach endowment can only be used to supplement the associate head coach. In the event X does not have an associate head coach then the funds can be used to supplement other basketball coaching salaries. Now, lets just say that the associate head coach endowment happens to be $2 million and the head coach endowment is $5 million. XU can only pull 4% of that annually to supplement coaching salaries. So, the associate head coach could get an extra $80k and the head coach an extra $200k. Our coaching endowments are no-where near the levels to fully subsidize the head coach or associate head coaches salaries.
How do we get there? There has to be other donors than the people initial step up and get these endowments started. If 2000 X grads were to put $500 each into either of these endowments (which people could do) it would allow X to give another $40k annually to our coaching staff. That is where we are lacking. As much as we have a few folks who step up and do the best they can to support Xavier Athletics, we are as a whole working from a much smaller donor base than our peers in the Big East and other big time BBall programs.
Regarding the difference that another $1million dollar makes to someone making $1.75 million per year. It is huge. I mean, massive. It is the difference between working into your late 60s and retiring in your late 40's assuming you were 44 and decided to invest that $1 million dollar each year. now the different between $4million/yr and $5million/yr is much smaller but that is not what we are talking about here. To go from $1.75 to $3/yr allows someone to retire in 5-6 years if they are sensible and maintain their lifestyle for the rest of there lives. No way to do that at $1.5million in the same time frame. In know it seems crazy when dealing with those size of numbers, but it is true.
On my way to Chicago now to cheer on X with my daughter.
Thanks for a little more info on the endowments.
My point with Macks salary is that for most people doubling your salary is huge. If you are making 50,000 and you double that to 100,000, that is a life changing amount of money. Is doubling from 1.6 to 3.2 really a life changing amount? Mack doesn't seem to be the living the highlife in Miami type. As far as retirement goes, as long as Mack isn't bad with money he could retire today and never work again. If you gave me 1.6 Million, I would never have to work again. Does 3 million really change that? Obviously more wiggle room, he could donate more to his foundation, etc. All I'm saying is that it is very easy to be happy at that amount and for a smart person doubling that isn't necessarily going to increase that happiness.
Either way I hope he gets paid, and if he gets an offer from someone else he give X the first shot at matching or getting to a point he wants.
D-West & PO-Z
03-02-2018, 12:07 PM
Thanks for a little more info on the endowments.
My point with Macks salary is that for most people doubling your salary is huge. If you are making 50,000 and you double that to 100,000, that is a life changing amount of money. Is doubling from 1.6 to 3.2 really a life changing amount? Mack doesn't seem to be the living the highlife in Miami type. As far as retirement goes, as long as Mack isn't bad with money he could retire today and never work again. If you gave me 1.6 Million, I would never have to work again. Does 3 million really change that? Obviously more wiggle room, he could donate more to his foundation, etc. All I'm saying is that it is very easy to be happy at that amount and for a smart person doubling that isn't necessarily going to increase that happiness.
Either way I hope he gets paid, and if he gets an offer from someone else he give X the first shot at matching or getting to a point he wants.
When you are already making 1.6 million and get a chance to make 3.2 million that is a huge difference. To most of us who make nowhere near that we think give me 1.6 million whats the difference between 1.6 and 3.2 but to those already making the 1.6 that increase could be life changing in many ways.
mid major
03-02-2018, 01:06 PM
Oh yes, most definitely. If you were a supporting member of this board, you’d know I am a fan of all shapes, sizes, and colors of tits.
Nuts, we’re related!
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