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Tuesday, June 8, 2010
Krzyzewski made $4.1 million in 2008-09

By Diamond Leung

The News & Observer of Raleigh obtained tax filings showing that Duke University paid coach Mike Krzyzewski at least $4.1 million in 2008-09, a dramatic increase from the $1.3 million he pulled in from the school during the 2005-06 fiscal year.

From the report:
In that 2008-09 fiscal year, the university reported that it paid Krzyzewski $3.76 million in taxable income. That was made up of $1.96 million in base pay and $1.75 million in bonuses or incentives in 2008-09, according to the new tax filing. Because Duke doesn't release to the public its coach contracts, it is not clear what incentives were met. Typically, coaches are paid extra money for winning titles, advancing in the NCAA tournament, being ranked high in polls and players achieving at certain levels in the classroom.

The university also paid Krzyzewski $418,172 in deferred compensation and he received about $14,000 in nontaxable benefits.

So there you have it. In case you weren't sure, yes indeed, Coach K is one of the highest paid coaches in America.

And who knows what kind of bonuses or escalators kicked in this year at the very moment Gordon Hayward's shot barely missed.