Rick Pitino’s contract calls for him to be paid $5.7 million this year. But thanks to leading Louisville to the national championship, he will also receive a $425,000 bonus according to Curtis Eichelberger of Bloomberg.com.
To put this in perspective, consider that Pitino’s bonus is roughly 70% of the salary for Louisville University president James Ramsey, who will make $600,000 this year.
Of course, it can be argued that Pitino is worth every penny. The Louisville basketball program brings in more than any other college basketball program. Its $40.9 million in revenue for the 2010-11 school year was $12.0 million more than the next biggest-money maker, Duke. That number is also comparable to a lot of football programs.
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