Tubby's Contract with U of M
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 0 recs
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 0 recs
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 0 recs
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 0 recs
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 0 recs
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 0 recs
$1.8M
According to the Associate Athletic Director who attended my MBA class today. He gets a $100k bonus too if they make the NCAA’s.
by FishingMN on Jan 17, 2009 10:59 PM CST reply actions 0 recs

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