“March Madness” Is Big Business

ACADEME BLOG

Here are some statistics from Erik Sherman’s April 2015 article for Fortune “College Basketball Coaches and Their Slam Dunk Salaries” [http://fortune.com/2015/03/21/college-basketball-coaches-and-their-slam-dunk-salaries/]. (Billy Donovan has since moved on from the University of Florida to the NBA.)

Duke University

Coach: Mike Krzyzewski
Total pay: $9,682,032
Maximum bonus: N/A
University president pay: Richard H. Brodhead, $1.1 million
Basketball program revenue: $27 million
Basketball program expenses: $14.2 million
Gross profit: $12.8 million

University of Louisville

Coach: Rick Pitino
Total pay: $5,758,338
Maximum bonus: $775,000
University president pay: James Ramsey, $1.2 million
Basketball program revenue: $16.7 million
Basketball program expenses: $12.1 million
Gross profit: $4.6 million

University of Kentucky

Coach: John Calipari
Total pay: $5,511,381
Maximum bonus: $850,000
University president pay: Eli Capilouto, $685,500
Basketball program revenue: $22.8 million
Basketball program expenses: $15.1 million
Gross profit: $7.7 million

University of Kansas

Coach: Bill Self
Total pay: $4,960,763
Maximum bonus: $525,000
University chancellor pay: 

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