Michigan basketball coach John Beilein is racking up bonuses, $25,000 at a time, on this wild ride to the Final Four.
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Michigan basketball coach John Beilein is racking up bonuses, $25,000 at a time, on this wild ride to the Final Four.
So far this postseason, Beilein has accumulated $150,000 in additional pay and can earn $50,000 more if the Wolverines cut down the nets in San Antonio next week under a contract extension signed in 2015.
Beilein has earned $25,000 each for winning the Big Ten tournament, earning an NCAA Tournament bid and for each NCAA Tournament win – four and counting. That’s actually a pretty modest bonus structure by today’s standards, considering he gets no bump for winning a national championship – winning that game earns him the same as the opening-round win against Montana.
For comparison, Kansas’ Bill Self would get $200,000 for an NCAA championship.
Beilein’s bonus provisions are a stark contrast to the contract of Florida State’s Leonard Hamilton, who has earned $825,000 in bonuses this season and still can earn another $250,000, depending how the final college rankings shake out. Hamilton, though, missed out on a $275,000 bonus when Florida State lost to Michigan in Saturday night’s Elite Eight game. (Maybe that explains his testy postgame interview with CBS’s Dana Jacobson.)
Beilein’s annual salary is around $3.4 million, which ranks ninth in the nation, according to USA Today’s database.
