Tubby's Contract with U of M

by COJOMAY on Jan 16, 2009 1:35 PM CST Comment 9 comments

In a fan blog of the top 10 salaries on this site, Tubby's salary is listed at $630,000 per year and the highest salaried employee at the University.

I just read on the net that the normal salary for a top basketball coach with NCAA tournament experience is in the $1.5 to $2 million range. Tubby's replacement at Kentucky is around the $1.5 million range I believe.

What am I missing here?

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Tubby's salary

Cojo, here’s the Strib on Tubby’s contract.

Tubby Smith became the highest-paid employee in University of Minnesota history when he signed his memorandum of understanding last March. The university sweetened the pot by several hundred thousand dollars over the seven-year deal before Smith officially signed his contract, which was made public Tuesday.

Smith can earn more than $13 million in base, supplemental and camp money over the seven-year contract, and can earn additional money in incentives that could boost his annual salary to more than $3.3 million this year. He also receives a car, tickets to Gophers athletic contests and travel expenses to games for his family, plus retirement money.

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by PJS on Jan 16, 2009 3:06 PM CST reply actions

So, if he's getting $13 million in base over 7 years...

That’s just under $2 million a year. So how come it’s reported his salary is $630,000? Where did that come from?

by COJOMAY on Jan 16, 2009 3:36 PM CST up reply actions

Even if they sweetened the pot a bit...

I doubt it was over $1 million per year of sweetner.

by COJOMAY on Jan 16, 2009 3:38 PM CST up reply actions

Where did you see the 630k? Can't always believe what you read on the Interwebs! :-)

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by PJS on Jan 16, 2009 4:26 PM CST up reply actions

PJS

I found it on “Fan Shots” on a really crappy site called “The Daily Gopher.” LOL

by COJOMAY on Jan 16, 2009 7:07 PM CST reply actions

Tangent

I found it interesting that the dean of the Carlson School makes more than Bruininks—the president of the entire University.

by rencito on Jan 17, 2009 10:57 AM CST up reply actions

The $630,000 is his base salary he recieves from the university this year. He also recieves defered compensation that he’ll start recieving in 2011, performance bonuses, and over a million a year in supplemental income that he recieves as part of advertising agreements that the athletic department makes.

by LittleBobbyHillis on Jan 16, 2009 11:54 PM CST reply actions