When it comes to college sports, the head coach of a team is often one of the most important figures in the organization. At Murray State University, the head basketball coach is no exception. Not only is the head coach responsible for leading the team to success on the court, but he or she is also responsible for recruiting and developing future talent. With all this responsibility, it comes as no surprise that Murray State’s head basketball coach is one of the highest paid employees at the university. Here, we take a look at how much the Murray State coach makes and the factors that influence the salary.
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The Head Coach’s Salary
The current head basketball coach at Murray State, Matt McMahon, makes an annual salary of $400,000, plus incentives. This is a significant increase from the previous head coach’s salary of $265,000. In addition to his base salary, McMahon also earns additional bonuses for team achievements, such as winning the Ohio Valley Conference tournament or making the NCAA tournament.
Incentives and Bonuses
The Murray State head coach’s salary is largely based on incentives and bonuses. For example, if the team wins the Ohio Valley Conference tournament, the head coach is eligible for a bonus of $25,000. Similarly, making the NCAA tournament nets the head coach a bonus of $50,000. These bonuses are paid out in addition to the head coach’s base salary and can significantly increase the amount of money the coach earns in a given year.
Factors Influencing Salary
The salary of the Murray State head coach is not only based on incentives and bonuses, but also on several other factors. One of the most important factors is the success of the team. If the team is performing well on the court, the head coach’s salary will likely increase. Additionally, the head coach’s reputation will also play a role in determining his or her salary. If the head coach has a successful track record at other schools, they will likely be offered a higher salary than someone with less experience.
Comparing Salaries
When comparing the salary of the Murray State head coach to other head coaches in the Ohio Valley Conference, it is clear that McMahon is one of the highest paid coaches in the league. In fact, he is the third highest paid coach in the conference, behind Belmont University’s Rick Byrd and Eastern Kentucky University’s Dan McHale. Both of these coaches have significantly more experience than McMahon, which likely accounts for the difference in their salaries.
Conclusion
The Murray State head basketball coach is one of the highest paid employees at the university. The current head coach, Matt McMahon, makes an annual salary of $400,000 plus incentives and bonuses. The salary is largely based on the success of the team, as well as the head coach’s reputation. When compared to other head coaches in the Ohio Valley Conference, McMahon is the third highest paid coach in the league. With the right combination of success and experience, the Murray State head coach’s salary could continue to rise in the future.