Details on Erik Bakich's Contract

Submitted by Raoul on

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.

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Erik Bakich

Raoul

February 3rd, 2013 at 9:12 PM ^

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.)

Joined: 09/29/2009

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Jon06

February 4th, 2013 at 12:47 AM ^

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.

Joined: 09/19/2009

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