After UConn defeated his team by 68 points in the first round of the NCAA Tournament last week at Gampel Pavilion, Idaho coach Jon Newlee compared Geno Auriemma to James Naismith, the inventor of basketball, and UCLA coach John Wooden, its renown wizard.
On Tuesday, UConn made sure Auriemma was paid like it.
Auriemma and the UConn have agreed to a five-year contract extension that will run through 2017-18 and take Hall of Fame coach to his 64th birthday.
Auriemma will earn $10.8 million, not including bonuses, making him the highest paid women’s basketball coach in the history of the game. His last deal paid him $8 million over five years.
Tennessee coach Pat Summitt signed a five-year extension in February 2009 that paid $1.4 million in 2008-09. She also received a $200,000 bonus when she won her 1,000th game that year.
Summitt received two lifetime achievement bonuses as part of the contract extension, a $500,000 bonus in 2009-10 and $1 million for “longevity” the university originally committed to paying her if she reached her 40th season.
Summitt, 59, was forced to retire last year, following her 38th season, because of early onset dementia. She had two years remaining on her previous contract that paid her $1.5 million in total compensation for the 2011-12 season.
In her new role as coach-emeritus, Summitt received a one-year salary of $354,375 along with four tickets at Thompson-Boling Arena for home women’s basketball games and four seats in a comparable location for away games.
Aureimma, who has led UConn to 30 or more wins in each of the last eight seasons and has won seven national championships, will receive a base salary of $400,000 each year, which runs from April 15 to April 14 of each year.
Here is how the deal breaks down:
In 2013-14, will receive $1,550,000 for institutional speaking engagements and what’s referred to as “media-related appearances” for a total of $1,950,000.
The payment for institutional speakng engagements will increase by $110,000 each year, except in the final year when it will increase by $120,000.
Auriemma’s total compensation for each year of the contract will be: 2013-14-$1,950,000; 2014-15-$2,060,000; 2015-16-$2,170,000; 2016-17-$2,280,000; 2017-18-$2,400,000.
“As I have said before, UConn has been great, is great, and will be great in the future and Geno Auriemma is a big reason for that,” Manuel said.
According to a New York Times salary study last year, the median salary for Division I basketball coaches in 2010 was $329,300, nearly twice that of coaches for women’s teams, who had a median of $171,600.
The Times reported the median pay of men’s head coaches had increased by 40 percent compared with 28 percent for women’s coaches.
Summit’s annual compensation of $2.2 million for 2011-12 was more than that of Tennessee men’s coach, Cuonzo Martin, who earned $1.3 million.
UConn’s Jim Calhoun signed a five-year, $13 million contract in May 2010. The Hall of Fame coach was paid $2 million retroactively and $2.3 million for the 2011-12 season, which was his last. Calhoun had been making $1.6 million under a contract that was set to expire on June 30, 2010.
In addition, Auriemma, 59, will receive the following payments for postseason performance (all determined by base salary): a half-month for winning a conference regular season championship; a half-month for winning a conference tournament championship; one month for participating in the NCAA tournament; one month for participating in the NCAA Sweet 16; one month for participating in the NCAA Final Four; and two months for winning the NCAA national championship.
Auriemma will receive a half-month for winning a national coach of the year award and one-quarter month for winning a conference coach of the year award. If he wins both, he will receive one payment of half a month.
If Auriemma resigns or retires from UConn, in good standing following the completion of the new contract in 2017-18, he will be entitled to a payment of $1,000,000 or an appointment at the university for up to five years at a salary of $300,000 with duties as determined by the seating athletic director,