As you pick your bracket for March Madness, stop for a moment and ponder what some might describe as the madness of the coaches’ salaries. According to U.S. News & World Report, the highest-paid 25 college basketball coaches earn between roughly $2 million and $6 million per year. Those figures don’t include generous perks, such as private jets and housing allowances, or severance packages. There are millions more in bonuses for coaches who take their teams to the championships. And coaches can supplement that income with private endorsement deals, speaking fees, and summer camps.
While million-dollar-plus salaries are commonplace in professional sports, they are highly unusual in the world of higher education, where adjunct faculty and tenured full professors earn between $20,000 to $126,000. The average college president brings in $475,403. In fact, coaches are the highest-paid public employees in several states, including Kentucky and Kansas.