NCAA basketball is big business, but exactly how much does Hall of Fame Coach K make to lead the Duke Blue Devils each year? Mike Krzyzewski may not be "pro," but the college coach's million dollar salary assures that Coach K won't be eating ramen every night.
Krzyzewski, who has led the Duke Blue Devils to 4 NCAA Championships, earned $4.2M salary for the 2008-09 season. It breaks down to about $2M in salary and $1.8M in bonuses. He's usually the highest paid employee at Duke, except this year the school paid financial executive Eugene McDonald $5.5M in deferred income from 23 years of work.
If you think the Duke coach's salary is big now, he could earn a lot more in the NBA. The Olympic men's basketball coach has been offered 4 opportunities to coach NBA teams, including a recent offer by the New Jersey Nets worth $12M per season! Krzyzewski always turns these offers down. For Coach K, being "true blue" is worth more than $8M extra per year.