Details on Erik Bakich's Contract

9 posts / 0 new
Login or register to post comments
Last post
February 3rd, 2013 at 7:40 PM
#1
Raoul
Raoul's picture
Joined: 09/29/2009
MGoPoints: 5445
Details on Erik Bakich's Contract

Mark Snyder at freep.com has the details on Michigan baseball coach Erik Bakich's contract:

  • Five-year deal, with nearly $830,000 in base salary, starting at $150K/year and increasing to more than $182K for the 2016–17 season
  • $65,000/year for TV, radio, Internet, apparel, and so on
  • $25,000/year for a possible sponsorship deal with a bat manufacturer
  • Various performance bonuses, ranging from one month base salary for a Big Ten title/NCAA bid to $25,000 for a national championship

The reports at the time of his hiring of compensation of $400K+ were obviously exaggerations as Brandon had suggested. The other interesting thing is that while Bakich will be making much more than he was at Maryland, where his base pay was a little over $100K, his overall compensation is significantly below what Michigan was paying Maloney, who had a contract topping out at $349K in total compensation in its final year.

Twitter: @Raoul_000

Top
Tags:

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
February 3rd, 2013 at 7:47 PM | I don't know much about (Score:5 Normal)
LongLiveBo
LongLiveBo's picture
Joined: 08/05/2009
MGoPoints: 1081

I don't know much about compensation for baseball coaches but 25k for a national championship seems low.

The Team, The Team, The Team.

February 3rd, 2013 at 8:34 PM | So if I'm understanding correctly (Score:1)
Gordon Berenson
Gordon Berenson's picture
Joined: 04/13/2012
MGoPoints: 1527

Bakich gets $70,000 (830k/12) for a conference title or NCAA bid but only $25,000 for a NCAA bid? Seems strange

February 3rd, 2013 at 8:38 PM | $830K is his pay for life of the contract. (Score:2)
Mr Miggle
Mr Miggle's picture
Joined: 10/07/2010
MGoPoints: 1601

You need to divide the year's salary by 12 to get the bonus.

Eating is murder.

February 3rd, 2013 at 8:53 PM | Oh yeah (Score:1)
Gordon Berenson
Gordon Berenson's picture
Joined: 04/13/2012
MGoPoints: 1527

my mistake. That makes more sense now

February 3rd, 2013 at 10:12 PM | I'm assuming the bonuses are (Score:4 Normal)
Raoul
Raoul's picture
Joined: 09/29/2009
MGoPoints: 5445

I'm assuming the bonuses are cumulative. Here's what the article says:

He has standard performance incentives for a regular season Big Ten title/NCAA bid for one month base salary, one month salary for a Super Regional, two months for a College World Series appearance and $25,000 for a CWS national championship.

So for a Super Regional, he'd actually get two months base salary ($25,000 in year one); for a CWS appearance, he'd get four months base pay ($50,000); and for NC, he'd get another $25K, or a total of $75,000.

Does that make sense?

(Edited the above because my original numbers were off.)

Twitter: @Raoul_000

February 4th, 2013 at 12:29 AM | Seems cheap for the quality (Score:2)
bacon1431
bacon1431's picture
Joined: 07/26/2008
MGoPoints: 3277

Seems cheap for the quality of coach he seems to be. 

For a' that, an' a' that, 
Our toils obscure an' a' that, 
The rank is but the guinea's stamp, 
The man's the gowd for a' that. 
February 4th, 2013 at 1:47 AM | "base salary" my foot (Score:1 Normal)
Jon06
Jon06's picture
Joined: 09/19/2009
MGoPoints: 2085

So the actual starting salary is 240k, which is what the highest paid prof in my department gets, and almost 4 times what the lowest paid tenured prof gets. Yeah, we totally can't afford to give players small stipends.

RIP my avatar, June 14, 1998 - October 26, 2012.

February 4th, 2013 at 2:01 AM | Michigan never said that (Score:3 Normal)
Farstate
Joined: 07/04/2012
MGoPoints: 87

Michigan never said that stipends would cost too much. The Indiana State type schools are the ones that made those claims.

Theme provided by Roopletheme; sidebars adapted from Chris Murphy.