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Phil Riewer -> RE: RE:Gopher Basketball (Mens) (2/24/2017 1:07:46 PM)
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Pitino's bonuses:
Pitino salary is 1.6 million but he gets 5% raises and another 400k bump in 2019....
http://deadspin.com/heres-richard-pitinos-minnesota-contract-complete-wi-470877141
Richard Pitino declared to his players after Wednesday night’s victory, “There is no more talk about the NCAA tournament. We’re talking about seeds in the NCAA tournament.”
The Gophers all-but secured their spot on the March Madness dance floor after upsetting No. 24 Maryland 89-75 in College Park, Md. Pitino’s team moved into the top four in the Big Ten standings and in position for a double bye in the conference tournament.
Wednesday night’s victory also all-but guaranteed Pitino a $50,000 bonus. His contract stipulates a $50,000 payment each year the Gophers make the NCAA tournament.
The incentives don’t stop there.
If the Gophers finish with a winning record in the Big Ten regular season, Pitino gets another $50,000. The Gophers are 9-6 with three games to play -- meaning one more victory locks up that check (conference tournament games don’t count against the Big Ten record).
The $50,000 Big Ten regular-season champion bonus would require a lot of help from the rest of the league, but a co-championship scenario is still possible. If the Gophers win the Big Ten tournament, add $25,000 to Pitino’s account.
Some observers are starting to buzz about Big Ten Coach of the Year honors for Pitino. That would come with a $25,000 bonus. National Coach of the Year, perhaps unlikely unless the Gophers make a deep run in the NCAAs, would run up another $50,000.
Wait, there’s more.
Pitino gets $50,000 if the Gophers advance to the Sweet 16, and – we’re getting too far ahead, but hey, it is written in his contract – another $50,000 if they make the Final Four. A national championship? That’s a $100,000 bonus.
Add it all up and Pitino is line for at least a $100,000 bump, and that could double, or more, if the Gophers stay hot.
And Pitino likely won’t be the only coach on campus cashing bonus checks.
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