Coach Hopkins Signs Six-Year Deal University of Washington

Dec 27, 2015; Syracuse, NY, USA; Syracuse Orange interim head coach Mike Hopkins calls out to his team during the second half of a game against the Texas Southern Tigers at the Carrier Dome. Syracuse won the game 80-67. Mandatory Credit: Mark Konezny-USA TODAY Sports
Dec 27, 2015; Syracuse, NY, USA; Syracuse Orange interim head coach Mike Hopkins calls out to his team during the second half of a game against the Texas Southern Tigers at the Carrier Dome. Syracuse won the game 80-67. Mandatory Credit: Mark Konezny-USA TODAY Sports
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Details of Washington Huskies MBB head coach contract today: Six Years $12.3 Million To Coach Hopkins

How does the University of Washington decide how much to pay the next head coach of the Huskies Men’s basketball team? On one hand, the going rate for head coach of a perennial NCAA Tournament Men’s basketball team is not exactly discounted.  In fact, it is highly visible, and therefore compensates accordingly.

There is a wide range of compensation, as illustrated by USA Today’s 2016 NCAA Men’s basketball coaches salaries. Top of the heap is Duke’s head coach Mike Krzyzewski earning $7,299,666 . The top PAC-12 salary is that of Arizona’s Sean Miller, bringing in a cool $4,945,664 plus the chance at a $1,200,000 bonus.

USC Doesn’t Mean US Currency

USC, the school which had nearly signed Mike Hopkins, signed Andy Katz Enfield to a six-year deal valued at “well over $1 Million per year”.  

Syracuse Basketball: 5-star target balls out in EYBL, offered by Coach Hop
Syracuse Basketball: 5-star target balls out in EYBL, offered by Coach Hop

Inside the Loud House

  • Pac-12 Basketball: Early efforts by coaches viewed on the hot seat Busting Brackets
  • Syracuse Basketball: For 5-star UK de-commit, Coach Hop could be player Inside the Loud House
  • Syracuse Basketball: It appears the next head coach will be from SU family Inside the Loud House
  • Syracuse basketball 4-star commit on how he almost chose Mike Hopkins Inside the Loud House
  • NCAA Basketball: Indiana, Illinois, Virginia Tech, Maryland headline Sunday Mailbag Busting Brackets
  • On the other hand, the Washington Huskies had extended former head coach Lorenzo Romar for ten years in 2010 at a cost of $1.7 Million per year, excluding bonuses.  In the world of finance, you “market test” a salary by escalating it percent over the previous employee.  And so, that would place going rate at $1.87 Million for Lorenzo Romar’s replacement.

    But the University of Washington drove a pretty good negotiation, landing what appears to be their top candidate at just under market rate.  Mike Hopkins comes on board at $1,800,000 in year one, with a $100,000 escalator for each of the remaining five years.

    And so, contract details behind everyone. Now, what did the University of Washington buy?