Introduction
Mike Krzyzewski, also known as Coach K, is the head men’s basketball coach of Duke University. He is one of the most successful coaches in college basketball history, and his achievements have earned him significant notoriety and financial rewards. He has been the head coach at Duke since 1980, and is widely credited with leading the Blue Devils to five NCAA National Championships and a total of 11 Final Four appearances. This article will explore how much Coach K makes in a year at Duke.
Coach K’s Salary History
Coach K’s salary has increased significantly over the course of his tenure at Duke. When he first took over the program in 1980, he was earning a salary of $40,000. In the years that followed, his salary steadily increased, and in 1991 he signed a five-year contract worth $2.2 million. In 1995, he signed a 10-year extension worth $14 million, and in 2002 he signed another 10-year extension worth $30 million.
He has since signed multiple contract extensions and his current salary is $7.2 million. His total salary over the years at Duke is estimated to be close to $60 million.
Coach K’s Endorsement Deals
In addition to his salary at Duke, Coach K also earns money through endorsement deals. He has endorsed a number of companies and products, including Nike, Gatorade, Coca-Cola and American Express. According to Forbes, he has earned an estimated $8 million over the years from these endorsement deals.
Coach K’s Other Income Sources
In addition to his salary and endorsement deals, Coach K has also earned money through speaking engagements and appearances. He has spoken at a number of events, including corporate meetings and college commencements. He has also appeared in a number of television commercials, including a series of commercials for Gatorade.
Coach K’s Total Earnings
When all of Coach K’s income sources are combined, his total earnings are estimated to be close to $70 million. This includes his salary at Duke, his endorsement deals, his speaking engagements and appearances, and any other income sources he may have.
Coach K’s Current Salary at Duke
As of 2021, Coach K’s current salary at Duke is $7.2 million. This includes a base salary of $3.3 million and bonuses of up to $3.9 million. This makes him one of the highest-paid coaches in college basketball.
Coach K’s Potential Bonuses
In addition to his base salary, Coach K is also eligible for a number of bonuses. These bonuses are based on a number of factors, including the team’s performance in the ACC Tournament, the NCAA Tournament, and the regular season. The bonuses can range from a few thousand dollars to a few million dollars, depending on how well the team performs.
Coach K’s Contract Extension
In 2018, Coach K signed a 10-year contract extension worth $60 million. This extension will keep him as the head coach at Duke until 2028. The contract also includes a $2 million signing bonus, as well as incentives and bonuses based on the team’s performance.
Conclusion
Coach K has been the head coach at Duke since 1980, and in that time he has become one of the most successful coaches in college basketball history. He has earned a significant amount of money from his salary, endorsements, and other income sources, and his current salary at Duke is estimated to be $7.2 million. In addition, he is eligible for bonuses based on the team’s performance, and his 10-year contract extension is worth $60 million. All in all, Coach K is one of the highest-paid coaches in college basketball, and his estimated total earnings are close to $70 million.