BleedGopher
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per Sid:
Richard Pitino will be earning $400,000 more per season, as the Gophers have given him a pay increase.
It was reported in March that Pitino had seriously considered taking the Alabama head coaching position, and apparently athletic director Norwood Teague recognized Pitino’s worth to the university and had fears about him leaving, because the university decided Pitino deserved the bonus a season earlier than scheduled.
When Pitino signed in 2013 he was given a six-year deal with an annual salary of $1.2 million with a base salary of $500,000 — which would increase by at least 5 percent per season — and supplemental compensation of $700,000 for media, fund-raising, community involvement, endorsements, and apparel, shoes and equipment arrangements.
Pitino will still rank toward the bottom of the Big Ten in terms of men’s basketball coaching salaries, but the 32-year-old should leap John Groce at Illinois, Tim Miles at Nebraska and Iowa’s Fran McCaffery in yearly salary.
http://www.startribune.com/gophers-pitino-gets-400k-pay-increase/306863981/
Go Gophers!!
Richard Pitino will be earning $400,000 more per season, as the Gophers have given him a pay increase.
It was reported in March that Pitino had seriously considered taking the Alabama head coaching position, and apparently athletic director Norwood Teague recognized Pitino’s worth to the university and had fears about him leaving, because the university decided Pitino deserved the bonus a season earlier than scheduled.
When Pitino signed in 2013 he was given a six-year deal with an annual salary of $1.2 million with a base salary of $500,000 — which would increase by at least 5 percent per season — and supplemental compensation of $700,000 for media, fund-raising, community involvement, endorsements, and apparel, shoes and equipment arrangements.
Pitino will still rank toward the bottom of the Big Ten in terms of men’s basketball coaching salaries, but the 32-year-old should leap John Groce at Illinois, Tim Miles at Nebraska and Iowa’s Fran McCaffery in yearly salary.
http://www.startribune.com/gophers-pitino-gets-400k-pay-increase/306863981/
Go Gophers!!