Search This Blog

Sunday, April 29, 2007

Raise Lifts Cal Into Top Salary Tier

Raise lifts Cal into top salary tier
Memphis' John Calipari has joined a select group of college basketball coaches near the top of the salary chart. He makes more than $1.8 million

By Dan Wolken
April 29, 2007

John Calipari's latest raise from the University of Memphis makes him one of the highest-paid coaches in college basketball.

According to a copy of the contract amendment he signed earlier this month, Calipari received a raise of more than $500,000, bringing his total guaranteed compensation to $1.816 million per year.

While Calipari's base salary remained the same at $155,000, his radio/television appearance money was increased from $460,000 to $733,000. His compensation for public relations activities went from $385,000 to $658,922.

Calipari's athletic shoe, apparel and/or equipment guarantee went from $300,000 to $270,000, with the $30,000 difference being re-distributed equally to assistants John Robic, Derek Kellogg and Chuck Martin.

The only other change in Calipari's contract regards the bonus for won/loss record and graduation rates. Previously, if Memphis won 81 percent of its games and graduated 60 percent of its players, Calipari received a bonus of $160,000. Now, instead of using the graduation rate, the bonus will be based on the NCAA's four-year academic performance rating called the APR.

If Memphis achieves an APR of 925 -- the NCAA cutoff point before sanctions are issued against a school -- Calipari is eligible to collect the bonus.

Calipari will still collect a $2.5 million annuity if he stays at Memphis through the 2009-10 season.

With this most recent raise, Calipari is now near the top 10 in college coaching salaries. Only a handful of coaches make $2 million or more, including North Carolina's Roy Williams ($3 million), Duke's Mike Krzyzewski (reportedly $3 million), Kentucky's Billy Gillispie ($2.3 million), Ohio State's Thad Matta ($2.1 million), Louisville's Rick Pitino ($2 million), Texas' Rick Barnes ($2 million) and Florida's Billy Donovan (his raise is currently under negotiation).

Calipari's financial package is now on par with the likes of Michigan State's Tom Izzo ($1.8 million) and Marquette's Tom Crean ($1.7 million).

Calipari received roughly a $300,000 raise after the 2005-06 season, when he coached the Tigers to a 33-4 record and an Elite Eight appearance. This year, athletic director R.C. Johnson approached Calipari about a contract renegotiation the first weekend of the NCAA Tournament.

On the heels of another 33-4 record and second straight Elite Eight, Memphis will likely be ranked in the top three of all preseason polls for 2007-08.

-- Dan Wolken: 529-2365

1 comment:

Anonymous said...

Yesterday i bought viagra in [url=http://shoppharm.com]Online drugstore[/url].
On my surprise it works excellent! All the matter is that the price low, because I do not pay for the trade mark. That's all!
You can see explanations about it.
A generic drug (generic drugs, short: generics) is a drug which is produced and distributed without patent protection. According to the U.S. Food and Drug Administration, generic drugs are identical bioequivalent range to the brand name counterpart with respect to pharmacokinetic and pharmacodynamic properties. By extension, therefore, generics are considered identical in dose, strength, route of administration, safety, efficacy, and intended use. In most cases, generic products are available once the patent protections afforded to the original developer have expired. When generic products become available, the market competition often leads to substantially lower prices for both the original brand name product and the generic forms. You can read more at http://shoppharm.com