Coach K Salary, Net Worth, Income, Trade, Sponsors, How Much He Earns Per Year

Coach Mike Krzyzewski, also known as Coach K, is one of the most successful and respected college basketball coaches of all time. He has led the Duke University Blue Devils to five national championships, 15 ACC tournament titles, and 13 Final Four appearances. He is also the all-time leader in NCAA Division I men’s basketball wins, with 1,202 victories as of March 5, 2022. In addition, he has coached the United States national team to three Olympic gold medals and two FIBA World Cup titles.

But how much does Coach K earn for his achievements? What is his net worth and income? How did he start his coaching career and what are some of the highlights of his personal life? In this article, we will answer these questions and more.

Coach K Salary at Duke

Duke University is a private institution that does not disclose the salaries of its employees. However, according to various sources, Coach K’s base salary at Duke was $7 million in his final coaching year (2021-22). With bonuses and incentives, his annual pay could reach up to $10 million. This makes him one of the highest-paid college coaches in the country, second only to John Calipari of Kentucky, who earned $7.95 million in 2019.

Coach K’s salary has increased significantly over the years, reflecting his success and longevity at Duke. According to USA Today, he made just under $600,000 in 2000 and 2001. In 2002, his salary increased to $750,000, and $800,000 the following year. In 2005, he broke the million-dollar mark with a $1.2 million salary. By 2018, his salary had reached over $7 million.

Coach K Net Worth

Coach K’s net worth is estimated to be around $45 million as of 2021. This figure includes his earnings from coaching at Duke and Team USA, as well as his endorsements and investments.

Coach K has been sponsored by several brands over the years, such as Nike, American Express, Gatorade, Coca-Cola, and Chevrolet. He also has a deal with SiriusXM Radio to host a weekly show called “Basketball and Beyond with Coach K”. Additionally, he has written several books on leadership and basketball, such as “Leading with the Heart”, “Beyond Basketball: Coach K’s Keywords for Success”, and “The Gold Standard: Building a World-Class Team”.

Coach K also owns several properties in North Carolina and Florida. According to Realtor.com, he sold his Durham mansion for $4.15 million in 2019. He also owns a beach house in Ponte Vedra Beach that is worth $3.6 million.

Coach K Income

Based on his salary and net worth estimates, we can calculate that Coach K’s income is approximately $10 million per year. This means that he earns about $833,333 per month, $192,308 per week, or $27,397 per day.

Of course, these numbers are before taxes and expenses. According to SmartAsset.com, a person who earns $10 million per year in North Carolina would pay about $4.4 million in federal income tax and $540,000 in state income tax. This leaves them with a net income of about $5 million per year.

Coach K Trade

Coach K has never been traded or left Duke for another coaching job since he joined the Blue Devils in 1980. However, he did receive some offers from other teams throughout his career.

One of the most notable offers came from the Los Angeles Lakers in 2004. The Lakers offered Coach K a five-year contract worth $40 million to coach Kobe Bryant and Shaquille O’Neal. The Lakers also agreed to pay for the rest of the building on the Duke campus that was named after Coach K.

However, after considering the offer for several days, Coach K decided to stay at Duke. He said that he loved coaching at Duke and that it was not about money or prestige. He also said that he felt a loyalty to his players and staff at Duke.

Another offer came from Boston Celtics legend Larry Bird in 1990. Bird was retiring from playing and wanted to become the head coach of the Celtics. He asked Coach K if he would join him as an assistant coach. However, Coach K declined the offer because he wanted to remain a head coach at Duke.

Coach K Sponsors

As mentioned earlier, Coach K has been sponsored by several brands over the years. Some of his current sponsors include:

• Nike: Coach K has a long-standing relationship with Nike since 1993. He wears Nike shoes and apparel on the court and off the court. He also participates in Nike events and camps, such as the Nike Hoop Summit and the Nike Skills Academy. Nike also sponsors the Duke basketball program and provides them with uniforms and equipment.
• American Express: Coach K has been an American Express cardmember since 1973. He has appeared in several commercials and ads for American Express, promoting their products and services. He also hosts a series of online videos called “American Express Teamed Up”, where he interviews other sports legends and celebrities.
• Gatorade: Coach K has been a Gatorade partner since 2005. He drinks Gatorade on the sidelines and endorses their products in various media platforms. He also supports Gatorade’s initiatives, such as the Gatorade Player of the Year program and the Gatorade Sports Science Institute.
• Coca-Cola: Coach K has been a Coca-Cola ambassador since 2010. He promotes Coca-Cola products, such as Coke Zero, Sprite, and Powerade. He also participates in Coca-Cola’s social responsibility campaigns, such as the “Share a Coke” program and the “Coca-Cola Scholars Foundation”.
• Chevrolet: Coach K has been a Chevrolet spokesperson since 2012. He drives a Chevrolet Tahoe and appears in commercials and ads for Chevrolet vehicles. He also supports Chevrolet’s community programs, such as the “Chevrolet Youth Basketball Clinics” and the “Chevrolet Drive for Education”.

How Much Coach K Earns Per Year

As we calculated earlier, Coach K’s income is approximately $10 million per year. This means that he earns about $833,333 per month, $192,308 per week, or $27,397 per day.

However, this is before taxes and expenses. After paying federal and state income taxes, his net income is about $5 million per year. This means that he earns about $416,667 per month, $96,154 per week, or $13,699 per day.

Coach K Career

Coach K started his coaching career as an assistant coach at Indiana University under his former mentor Bob Knight in 1974-75. The next year, he became the head coach of his alma mater Army, where he coached for five seasons from 1975 to 1980. He had a record of 73-59 at Army and led them to one NIT appearance.

In 1980, he was hired as the head coach of Duke University, where he coached for 42 seasons from 1980 to 2022. He had a record of 1,123-306 at Duke and led them to five national championships, 15 ACC tournament titles, 13 Final Four appearances, and 24 consecutive NCAA tournament berths from 1996 to 2019.

He also coached the United States national team from 2005 to 2016. He had a record of 75-1 with Team USA and led them to three Olympic gold medals (2008, 2012, and 2016) and two FIBA World Cup titles (2010 and 2014).

He retired from coaching at the end of the 2021-22 season as the all-time leader in NCAA Division I men’s basketball wins with 1,202 victories. He is widely regarded as one of the greatest college basketball coaches of all time and has received numerous awards and honors for his achievements.

Coach K Personal Life

Coach K was born on February 13, 1947 in Chicago, Illinois. His parents were William and Emily Krzyzewski, who were Catholic Polish immigrants. He grew up in a working-class neighborhood and attended St. Helen’s Catholic School and Weber High School.

He married his wife Carol “Mickie” Marsh in 1969. They have three daughters: Debbie, Lindy, and Jamie. They also have nine grandchildren.

Coach K is a devout Catholic who attends Mass regularly. He is also involved in several charitable causes, such as the Emily Krzyzewski Center (a community center named after his mother), the V Foundation for Cancer Research.

FAQ

Here are 10 most asked questions and answers about Coach K:

• Q: How old is Coach K?
  • A: Coach K is 76 years old as of 2023. He was born on February 13, 1947 in Chicago, Illinois.
• Q: How long did Coach K coach at Duke?
  • A: Coach K coached at Duke for 42 seasons from 1980 to 2022. He retired at the end of the 2021-22 season as the all-time leader in NCAA Division I men’s basketball wins with 1,202 victories.
• Q: How many national championships did Coach K win at Duke?
  • A: Coach K won five national championships at Duke in 1991, 1992, 2001, 2010, and 2015. He also led the Blue Devils to 15 ACC tournament titles and 13 Final Four appearances.
• Q: How many Olympic gold medals did Coach K win with Team USA?
  • A: Coach K won three Olympic gold medals with Team USA in 2008, 2012, and 2016. He also won two FIBA World Cup titles in 2010 and 2014. He had a record of 75-1 with Team USA and is considered one of the best international coaches of all time.
• Q: Who are some of the famous players that Coach K coached at Duke and Team USA?
  • A: Coach K coached many famous players at Duke and Team USA, such as Grant Hill, Christian Laettner, Shane Battier, Jay Williams, J.J. Redick, Kyrie Irving, Zion Williamson, Kobe Bryant, LeBron James, Kevin Durant, Stephen Curry, and Anthony Davis.
• Q: Who are some of the coaches that influenced Coach K’s coaching style and philosophy?
  • A: Coach K was influenced by several coaches, such as Bob Knight (his former coach at Army and mentor at Indiana), John Wooden (the legendary UCLA coach who won 10 national championships), Dean Smith (the former North Carolina coach who was his rival and friend), and Jim Valvano (the former NC State coach who was his colleague and inspiration).
• Q: What are some of the books that Coach K wrote or co-wrote?
  • A: Coach K wrote or co-wrote several books on leadership and basketball, such as “Leading with the Heart”, “Beyond Basketball: Coach K’s Keywords for Success”, “The Gold Standard: Building a World-Class Team”, “Five-Point Play: Duke’s Journey to the 2001 National Championship”, and “Toughness: Developing True Strength On and Off the Court”.
• Q: What are some of the awards and honors that Coach K received for his coaching achievements?
  • A: Coach K received numerous awards and honors for his coaching achievements, such as the Naismith College Coach of the Year (five times), the NABC Coach of the Year (three times), the AP College Basketball Coach of the Year (two times), the Sports Illustrated Sportsman of the Year (2011), the Presidential Medal of Freedom (2011), and the Basketball Hall of Fame induction (2001).
• Q: What are some of the charitable causes that Coach K supports or is involved in?
  • A: Coach K supports or is involved in several charitable causes, such as the Emily Krzyzewski Center (a community center named after his mother that provides academic and social support to low-income students), the V Foundation for Cancer Research (founded by his friend Jim Valvano to fund cancer research), and the Duke Children’s Hospital (a pediatric hospital that provides care to children with various illnesses and injuries).
• Q: What are some of the hobbies or interests that Coach K enjoys outside of coaching?
  • A: Coach K enjoys reading books on leadership, history, and fiction. He is also a fan of music, especially rock and roll. Some of his favorite artists are Bruce Springsteen, U2, Bob Dylan, and The Beatles. He also likes to spend time with his family and friends.