Pay and bonuses for final 4 coaches

[ct_x_fan]

Found this article on Bloomberg this morning. If XU can boost Miller's salary to the rumored 1.4 mil I think he'll be hear for a long time since he's in the ballpark of the final 4 coaches. Can't ask more than that from X.

Wire: BLOOMBERG Sports (BSP) Date: 2008-04-04 04:01:00
Kansas Coach Self Would Collect $200,000 Bonus for NCAA Title


By Curtis Eichelberger
April 4 (Bloomberg) -- University of Kansas Coach Bill Self
will try to guide the Jayhawks to their third basketball
championship at the Final Four, and fatten his wallet with a
$200,000 bonus.
Self, who is in his fifth year at the school, stands to
earn the biggest payout for a title of the four coaches who have
their teams in the semifinals at the National Collegiate
Athletic Association tournament.
Kansas plays North Carolina and UCLA takes on Memphis
tomorrow at the Alamodome in San Antonio. The final is April 7.
UCLA's Ben Howland and Memphis's John Calipari each would
collect a $100,000 bonus for a victory in the championship game.
North Carolina's Roy Williams would get nothing additional for a
title.
The bonuses are typically not meant to motivate a coach,
rather they reward those who are doing a good job, said Brian
Goff, an economics professor at Western Kentucky University in
Bowling Green.
``The process to work up to a head coaching slot ensures
that these people are very internally motivated -- maybe to a
fault,'' Goff said. ``The larger (bonuses) come down to the
school sending signals about their expectations and desires to
coaches, fans and media.''
The coaches contracts were obtained through open public-
records requests filed with each of the schools.

More Bonuses

Self, who made $1.39 million in salary this season, has
already earned $100,000 in NCAA tournament bonuses.
Memphis is the only Final Four team never to have won the
NCAA men's basketball tournament. North Carolina, with four
championships, won as recently as 2005; UCLA, with a record 11,
in 1995; and Kansas, with two, in 1988.
Calipari, who earned $1.86 million in salary this season,
has the biggest overall bonus package of the Final Four coaches.
He received $120,000 when the Tigers qualified for the
tournament and an additional $180,000 for reaching the Final
Four.
A victory in Monday's championship game in San Antonio will
increase his total NCAA postseason bonus to $400,000, or about
21.5 percent of his salary.
``The guaranteed salary is just that -- a guarantee and
reward for things they accomplished in the past,'' Memphis
Athletic Director R.C. Johnson said in an e-mail. ``A bonus, for
both performance and academics, is for things over and above the
call of duty. As with the private sector, we like to reward
ongoing successes. This also keeps us competitive with other
schools.''
North Carolina, UCLA and Kansas didn't respond to interview
requests for their coaches and athletic directors.

Just a Start

Andrew Zimbalist, an economics professor at Smith College
in Northampton, Massachusetts, says the bonuses are only the
beginning of the payout for a successful coach. There's more to
be made from endorsements, speaking engagements, camps and other
off-court businesses.
``By coaching a winning team, they get to either move into,
or preserve, their status in the upper echelon of coaches,''
Zimbalist said.
Howland earned $1.35 million this season at UCLA, plus
$50,000 for reaching the Final Four.
North Carolina's Williams, the only one of the four coaches
to lead his school to an NCAA title, earned $1.7 million in
salary from the university. He privately negotiates his own
television and radio agreements, product endorsements and public
appearances. The school paid him $81,250 in bonuses for reaching
the Final Four.

--With reporting by Brendan Moynihan in Brentwood, Tennessee.
Editors: Michael Sillup, Jay Beberman

[Masterofreality]

It's always a moving target as to comparable salaries since all of those guys will get new extensions and probably more money, but the things that are known are: A) Sean Miller will always be the highest paid coach in the A-10 and B) Xavier is now very nationally competitive on a pay package for its coach.

Sean Miller is the right guy for this committment to be made to. The investment is well-founded.

Give to the All For One. Pay the Coach!!

[Mr. Neutral]

You can argue that bonuses for good/excellent performances are merited, and one way to keep a successful coach at the school.

On the other hand, will it make the coaches that much more likely to cut corners in order to earn those bonuses?