“March Madness” Is Big Business

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: Bernadette Gray-Little, $492,650
Basketball program revenue: N/A, not separate from overall athletics numbers
Basketball program expenses: N/A
Gross profit: N/A

 

University of Florida

Coach: Billy Donovan
Total pay: $3,905,964
Maximum bonus: $454,000
University president pay: Kent Fuchs, $1 million
Basketball program revenue: $10 million
Basketball program expenses: $8.6 million
Gross profit: $1.4 million

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If you’d like to see a list of the top twenty as of December 2014, see Cork Gaines’s article for Business Insider: http://www.businessinsider.com/highest-paid-coaches-college-basketball-2014-12?op=1.

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Value of Men's BB Players

 

http://www.businessinsider.com/college-basketball-player-value-2016-3

See also, Joe Avelia’s “New Book Says the NCAA Treats College Athletes like ‘Indentured Servants’” [http://www.businessinsider.com/ncaa-march-madness-mens-basketball-football-indentured-servants-2016-3?utm].

Also worth a second look is David Berri’s 2014 piece for The Atlantic “If We Paid NCAA Basketball Players What They’re Really Worth, This Is What They’d Earn” [http://www.theatlantic.com/business/archive/2014/03/if-we-paid-ncaa-basketball-players-what-theyre-really-worth-this-is-what-theyd-earn/284559/].

 

 

2 thoughts on ““March Madness” Is Big Business

  1. Considering the cost at Duke in settlements for the totally reprehensible behavior of it’s out of control faculty and two-faced subterfuge by it’s administration against it’s own lacrosse students, $40 million for Coach K and the basketball program is a steal.

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