An NCAA basketball tournament appearance is good for a school's brand, and it's also good for the coaches' bottom lines.
The University of Kentucky will pay about $792,000 to its men's and women's basketball coaches after the postseason, in which the women made it to the NCAA Sweet 16 and the men got to the NCAA title game.
The men's coaches will collect $663,530, with the remaining $128,937 going to the women's coaches. UK men's Coach John Calipari gets $350,000. (Connecticut men's Coach Kevin Ollie will get a $167,000 bonus for winning the NCAA tournament, according to press reports.)
Losing the finals of the SEC and NCAA tournaments was costly for Calipari. If his team had won those games, he would have received $50,000 for the SEC title and $350,000 for the NCAA title.
Still, a bigger bonus is coming this summer. Since 2012, Calipari has received a $1 million retention bonus each year on July 1. That contract clause continues through 2019. Calipari's base annual pay is $3.8 million, but with endorsement and broadcast deals, that figure tops $5 million.
Although men's coaches are eligible for multiple bonuses each year, the contracts of women's coaches limit them to one bonus for post-season play. For example, the women's coaches received a bonus equal to 1½ months' salary for making it to the Sweet 16.
Had the team made a Final Four appearance, each coach would have gotten a bonus worth two months' salary.
|According to the incentive bonuses in their contracts, here's what each coach or staff member will get:|
Coach John Calipari
|Assistant Coach Orlando Antigua |
NCAA participation, one month of his $275,000 annual salary, which is about $22,900; NCAA Final Four, two months of his salary, which is about $45,800. Total payout: About $68,700
Performance Coach Ray Oliver
Assistant Coach Kenneth Payne
|Assistant Coach John Robic |
NCAA participation, one month of his $300,000 annual salary, which is about $25,000; NCAA Final Four, two months of his salary, which is about $50,000. Total payout: About $75,000
|Associate Athletics Director Chris Woolard |
NCAA participation, one month of his $165,000 annual salary, which is about $13,750; NCAA Final Four, Two months of his salary, which is about $27,500. Total payout: About $41,250
|Coach Matthew Mitchell |
NCAA Sweet 16, 1½ months of his $575,000 annual base salary, which is about $72,000.
|Assistant Coach Jeffrey House |
NCAA Sweet 16, 1½ months of his $185,000 annual salary, which is about $23,125.
|Assistant Coach Shalon Pillow |
NCAA Sweet 16, 1½ months of her $155,000 annual salary, which is about $19,375.
|Assistant Coach Danielle Santos |
NCAA Sweet 16, 1½ months of her $115,500 annual salary, which is about $14,437.