Mike Krzyzewski has been credited with nearly $13.7 million in total compensation for 2020, his penultimate full calendar year as Duke men’s basketball coach, according to the university’s new federal tax filings.
The document — provided by the school in response to a request from USA TODAY Sports — shows Krzyzewski nearly $3.3 million in base salary, $2 million in bonuses, just over 7.2 million in other reportable compensation and over $1.1 million in pension and other. deferred compensation.
The total amount includes nearly $1.3 million that had been reported as deferred pay on previous years’ filings, meaning his net compensation for 2020 was approximately $12.4 million.
The amount is the largest annual salary for a college sports coach not tied to a buyout since USA TODAY Sports began tracking coaches’ salaries in 2006. Alabama football coach Nick Saban received $11 $.1 million in 2017, an amount that included a $4 million signing. prime; that season, Saban added $500,000 in incentive bonuses to that total.
Krzyzewski retired after last season as college basketball’s all-time leader in wins and with five NCAA championships.
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Duke is among a group of public and private universities that earlier this year received a letter from Rep. Bill Pascrell, DN.J., requesting information about their coaches’ salaries and raising questions about how their athletics programs are part of the educational mission that allows them to enjoy tax-exempt status.
On each of Duke’s last four tax returns, Krzyzewski’s total salaries ranged between $7 million and $7.4 million, with $1.2 million to $1.3 million each year carried over to previous years’ returns. .
As a private school, Duke is not required to make its employment contracts public. It is a private non-profit organization. Under IRS rules, these entities must report compensation data based on the calendar year ended in the fiscal year covered by the report — in Duke’s case, a fiscal year ending June 30. 2021.
Duke spokesman Michael Schoenfeld said in a statement to USA TODAY Sports:
“Mike Krzyzewski is the most successful college basketball coach in history whose record and accomplishments will likely never be matched. Coach K’s compensation has always reflected his steadfast commitment to athletic and academic achievement. for 42 years at Duke, and his extensive and impactful service to the university, the community and the country.
Referring to the $7.2 million of other reportable compensation amounts and the amount reported in a prior year, Schoenfeld wrote, “This report includes a one-time deferred compensation payment…which was accrued over from previous years. It also includes compensation that was paid in 2020, but was also reported on prior (performance) when accrued.”
Compensation for college coaches has recently caught the attention of some members of Congress. Pascrell, who chairs the House Ways and Means Subcommittee on Oversight, announced in December that he had written letters to the presidents of LSU and the University of Southern California raising questions about how their programs work. athletics “promote educational purposes” for which schools qualify for tax-exempt status.
These letters came in the wake of the respective hirings of football coaches from these schools, Brian Kelly away from Notre Dame and Lincoln Riley from Oklahoma. Pascrell then sent similar letters, seeking written responses, from Michigan State, Miami, Stanford and Rutgers regarding the compensation of their football coaches.
In March, he sent letters regarding compensation for men’s basketball coaches at Auburn, Villanova and Duke.
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