1.5mill+?
whoa.
that's a lot of Jez missions that ain't gonna happen.
Crean's income at $1.5 million
By DON WALKER
dwalker@journalsentinel.com
Posted: May 4, 2007
Tom Crean, the men's basketball coach at Marquette University, made more than $1.5 million in the fiscal year ending June 30, 2006, a newly released tax filing shows.
MU Basketball
Marquette coach Tom Crean made over $1.5 million last season.
total pay was $1,547,044 for that fiscal year. In addition, Crean received a $31,528 contribution that includes an employee benefit plan and deferred compensation. Crean's pay easily places him in the top tier of men's basketball coaches across the country.
Crean is by far the highest paid employee at the private, Roman Catholic university. The next highest-paid employee is David L. Shrock, dean of the school's College of Business Administration. He was paid $232,400.
Marquette is a non-profit institution but is required to file a return with the Internal Revenue Service. The IRS requires non-profits to report the salaries of the five highest-paid employees or officers.
New to the list this time is Terri Mitchell, coach of Marquette's women's basketball team. Mitchell was the school's fifth-highest paid employee. Her salary was listed at $212,912. Mitchell has a contract with Marquette through the 2012-'13 season.
In addition, Mitchell received a $22,494 contribution that includes an employee benefit plan and deferred compensation.
Crean's salary for the 2005 fiscal year is actually lower than his pay for the previous fiscal year. For the year ending June 30, 2005, Crean was paid $1,655,819. At that time, that was a boost of nearly $525,000.
But Crean did not take a pay cut. Instead, in the year Crean was paid $1.65 million, he was reimbursed for two basketball camps he had hosted. In the most recent fiscal year, he was compensated for one camp.
Steven Cottingham, Marquette's interim athletic director, declined to comment on whether Crean was given additional pay, either through the Athletic Department's Blue and Gold Fund or from other sources. In an e-mail, Cottingham provided this statement:
"The university makes fair and competitive compensation a key priority in attracting high quality faculty and staff in all areas. Salary differentiations among employment categories are, to a large degree, a function of the marketplace."
Last fall, Crean signed a contract extension with the school through the 2016-'17 season, a deal that presumably gave him another pay boost. Cottingham declined to say whether Crean did receive additional pay.
Although Crean, who just finished his eighth season at Marquette, is one of the more highly paid coaches in the country, coaching salaries continue to rise from year to year. Rick Pitino, the basketball coach at Louisville, recently signed a three-year extension that will increase his annual salary from $1.65 million to $2.25 million.
Last month, the University of Wisconsin Board of Regents gave coach Bo Ryan a pay boost that will set his salary next season at $1.25 million. Under the terms of his contract, Ryan will make $1.42 million in 2012-'13.