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March 5, 2013

Missing the Tournament will cost Calipari

by @ 5:00 pm. Filed under Blue Blooded Opinions

Calipari22

The top-paid college basketball coach resides right here in the Bluegrass at the University of Kentucky. His earning comes without hesitation or debate. After all, he took hold of a program that was all but destroyed by the former regime and immediately turned it into a winner. There isn’t much Big Blue Nation wouldn’t give for that to have happened. His achievements are extensive, posting a .841 winning percentage in his time at Kentucky, along with an Elite Eight, a Final Four, and a National Title to boot.

His incomparable success prompted a 2011 contract extension that provides a hefty $3.8 million per year, with a $1 million supplement in bonuses for each year he remains at the helm, with the exception of 2015 and 2018.

But that’s just the start. A slew of performance bonuses are built into his contract – just like new football head coach Mark Stoops received in his deal that rewards him for winning – that pays Calipari up to $850,000 in added income each season.

Obviously last season Calipari cashed in on just about all of those items after winning a title, earning $4.6 million from the University, and $700,000 in bonuses. The deep run in March combined with the banner earned Calipari $5.3 million.

Already with nine losses, tying the 2010-11 Kentucky campaign for total losses; barring an unprecedented run through March where the Cats win it all, this will be Calipari’s worst team based on win-loss record since his 2004 Memphis team went 22-16.

And that means mucho menos denero.

Translation: much less money.

With Kentucky bouncing around on the tournament bubble, Calipari’s income may come back down to earth – as if you can call a $3.8 million salary normal.

[Source: Forbes]

23 Responses to “Missing the Tournament will cost Calipari”

  1. Darrel Messer Says:

    *2 final fours

  2. Tim Blandford Says:

    Think we should take up a collection for him ?

  3. Walden Schmidt Says:

    Cut back on a few things and he’ll be OK.

  4. tyrone biggums Says:

    I feel so sorry for him. How will he ever make it?

  5. HeyStupid Says:

    #1 – If you win the national championship does that mean you went to the final four?

  6. NotCoachCal Says:

    Oh no, now he’ll surely have to bring back Ellen’s Plastic Glad Containers!! Can’t afford new ones.

  7. Sorry Says:

    This post is basically copied from Forbes. Read the Forbes article, it’s much better.

  8. jpo Says:

    1. And 3 elite 8′s? LOL

  9. 53lue Says:

    i would have to think that not really high on his (thinking list ) rght now!

  10. UK Freshmen Says:

    Missing out on the tourney should cost Cal alright….his JOB.

  11. Good. Says:

    Good, I love Cal, but if his teams are a garbage product, he deserves a 2 million dollar pay-cut.

  12. bosshogg24 Says:

    Coach Cal is under paid, should be the 6 Million dollar man!

  13. oldschool Says:

    That’s right UK Freshmen! We agree.

  14. Roland Says:

    Cal;
    Money?
    We don’t need NO stinking Money.
    but, I will take what I earned so I can spread it else where.

  15. morons Says:

    If you actually think he should be fired you are a moron.

  16. Owen Says:

    You know, this team really isn’t so different at all from a Final Four team two years ago that had 6 conference losses and didn’t look so great through much of the conference schedule.

  17. jbhuk15 Says:

    UK Freshmen + Old School = Stupidity

  18. whodat Says:

    16… there is one big difference. We had Brandon Knight at the point two years ago.

  19. seriously Says:

    16…by this time of the season in ’10-’11 that team had already shown they were righting the ship. Also, basically all of that teams conference losses were 4 points or less, in a stronger SEC as well.

  20. brain Says:

    Cal doesn’t give shit about the money but the losing is chapping his ass.

  21. John Says:

    Dinero.

  22. oldschool Says:

    hey UK Freshmen, you want some candy? Get in the van!

  23. Jeffrey Says:

    And then after next season? It will be right back up, but I don’t doubt UK will still make the tournament. With a year like this? With every top team losing left and right? Yeah, the NCAA will throw UK in the tournament, they have 20 wins and still pending for more, that’s good enough for the NCAA.

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