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Coaching college basketball pays well. Who knew?

When I was in high school, my econ teacher gave us all an assignment to pick the career we wanted to have when we were older, talk with someone in the field and then put together a budget based off of their salary.  It was this project, where I ultimately called and interviewed Rick Barnes and ruined the lesson she was trying to teach by having far more money than everyone in the class, that first made me aware of how sweet the deal can be for a college coach.  It was the first of many shortcuts I attempted to take in life.  Take note kids.

Anyway, that storyis somewhat relevant again today as the Hartford Courant analyzes the clauses in the contracts of college basketball’s biggest coaches (and Tom Crean too).  Of course, Coach Cal’s deal is included in the analysis and the eleventy billion due to him over the next century isn’t all that he stands to make.  Here are a couple of other notes on the pay structure of UK’s head man: 

 – UK will pay Coach Cal $375k if the Cats win the national title

 – Cal earned $100k this season for making the Sweet 16

 – He will get an extra $50k if the APR is above 950

 – Has the possibility to earn$50k if the previous year’s graduation rate is 75%

 – UK reimburses Calipari for a membership to the country club of his choice

Of course, not everything is roses and bonus checks. The contract includes idle threats potential repurcussions for violating NCAA rules. Here is what was in the story: 

Every contract includes lengthy, detailed sections that call for punishment, suspension without pay and/or termination for university, conference or NCAA rules violations. For instance, Calipari’s contract with Kentucky reads, “if Coach is found in violation of NCAA regulations, he shall be subject to disciplinary or corrective action as set forth in the provisions of the NCAA enforcement procedures.” The section of Calipari’s contract that deals with termination with cause includes, if “Major violations of NCAA or University rules or policies in connection with the men’s basketball program if committed by any student athlete or other ‘representative of the University’s athletic interests’ (as defined by the NCAA), whereby, in all the foregoing, the Coach knew of or should have known of such violation, had prior knowledge of the violation and did not prevent or try to prevent the violation, and/or concealed or failed to report the violation.”

Article written by Thomas Beisner