Have you ever thought about changing jobs? Have you ever aspired to be a college basketball coach? Now is a great time to get your resume together.
John Calipari is the University of Kentucky men’s basketball coach. His pay this year is over $8 million. He has a lifetime contract worth 86 million dollars. In the eyes of the basketball world the UK basketball coaching job has been one of the most desired jobs in college sports. However, big pay doesn’t come easy. Calipari has led Kentucky to one NCAA Championship, four final fours and 26 times has won 20 games in a season. This year’s 9-16 seasons hasn’t gone over too well with many of Kentucky’s fans
While Calipari is the highest paid college basketball coach there are others who do very well. Mike Krzyzewski of Duke will earn $7 million this season. Jay Wright of Villanova will earn $6 million. Other million dollar coaches: Chris Beard, Texas Tech, $5.05 million; Rick Barnes, Tennessee, $4.95 million; Roy Williams, North Carolina, $4 million; Tom Izzo, Michigan State, $3,984 million.
Rick Pitino who came back from coaching professional basketball in Greece will earn just over $1 million dollars at Iona. This is a far cry from the $70 million-dollar contract he had with the Boston Celtics. His package had also reached over $5 million per year before he left Louisville.
The list of coaches is too long to name them all with many more making between $1 million to over $2 million per year. There are many, many coaches making much smaller salaries.
The point is if you are looking for a career change you might consider college basketball coaching. Brad Stevens wanted to be a coach. He went to Butler in Indiana to be a volunteer in the Bulldog’s program. He became the assistant coach and then a very successful head coach. Butler moved him from free to over $1 million per year by the time he left. Today he now makes over $3.6 million per year as the head coach of the Boston Celtics. Not bad for starting out as a volunteer.
So, find a job waiting tables to feed yourself. Volunteer for a good basketball program. Work very hard. Earn yourself an assistant’s job and you might end up coaching a great basketball program and making several million a year.
Contact Glenn Mollette at GMollette@aol.com.