How Much Does @RickPitino Make? - FutureStarr.com

@RickPitino is one of the premier coaches in college basketball history. He has coached at numerous schools and won two national championships. #FutureStarr

He served as coach of the University of Louisville from 2001-2017 and won the 2013 NCAA championship. Additionally, he had a brief coaching stint at Kentucky from 1989-97 which ended with him winning their 1996 championship.

Net Worth

Rick Pitino is one of the world's most esteemed coaches, boasting an impressive list of accomplishments to his credit. He's coached teams at both college and NBA levels, proving his worth repeatedly. Unfortunately, he has also been embroiled in scandals which have negatively impacted both his reputation and net worth.

Rick Pitino's net worth is estimated to be around $45 million. This fortune has been achieved through his success as one of the greatest coaches in soccer and by signing lucrative contracts.

He began his coaching career as a coach in the NCAA and has been with various colleges since the 1980s. He was previously associated with Providence College, Kentucky State University and Louisville. Additionally, he spent some time coaching abroad in Greece for several years.

Throughout his coaching career, he has earned numerous championships and fostered some of basketball's greatest talents. Additionally, he has received multiple national awards for his work with teams he has coached.

Rick Pitino has also pursued a career as a coach, while being actively involved in Thoroughbred horse racing. His stake in Goldencents, who won $750,000 at Santa Anita and finished 17th in the Kentucky Derby, amounts to 5% of ownership.

Joanne Minardi has been by his side throughout all of his professional endeavors and they have five children together. Although there have been many ups and downs in their relationship, they have managed to remain strong together through it all.

The family has dedicated themselves to charity and philanthropy. In memory of their son Daniel, who passed away due to a heart condition at six months old, they founded the Daniel Pitino Foundation which is dedicated to aiding children and supporting various causes.

He enjoys an impressive salary as a coach, often making over $1 million annually. Yet despite this, he does not seem interested in taking on such a large payout for what could potentially be his last head coaching position.

Salary

Rick Pitino is an illustrious NCAA basketball coach and two-time national champion. With over four decades of experience under his belt, Rick is one of basketball's most well-traveled instructors.

He began his coaching career as an assistant coach for Hawaii before moving on to work as an assistant coach under Jim Boeheim at Syracuse. Five years later, he led them to the Final Four before departing to work as Hubie Brown's assistant coach at New York Knicks. Following that experience, he returned to college and guided Providence College on their run to 1987's Final Four before taking their lead into head coaching duties at Iona College in New Rochelle, New York.

Pitino is one of the highest-paid college basketball coaches, earning $5.55 million during 2017-18 according to USA TODAY Sports' release of salaries. He makes more money than all other coaches who were paid during that period - more than $5 million more than second-ranked Mike Krzyzewski's salary during that same time frame at $5.55 million.

Pitino receives his base pay plus Adidas endorsement money and 40 tickets to every home game. Furthermore, a "loyalty bonus" of $5 million is paid from an annuity provided by anonymous private donors of $3 million.

Over 16 seasons at Louisville, Pitino transformed the Cardinals into college basketball's most successful program. He guided them to six Elite Eights and three Final Fours.

Pitino is considered one of the greatest college basketball coaches in history, yet his name also became embroiled in an escort sex scandal which resulted in the NCAA vacating his team's 2013 national championship title.

Last week, Robert Pitino was hired as the new head coach of the Boston Celtics after a brief tenure with the Indiana Pacers. This came on the heels of Larry Brown signing a five-year, $25 million contract to coach the Philadelphia 76ers.

Contracts

A contract is a legal document signed between two or more parties that outlines the terms and conditions of an arrangement. Usually, it involves exchanging something of value like money and can be enforced through legal channels.

Contracts can be written or oral and take many forms, such as an oral agreement or exchange of goods or services. For a contract to be valid, both parties must promise that they will fulfill its terms.

Contracts can range in complexity from a simple statement in a letter, to multi-page agreements. The most popular form of contract is an employment agreement, where both parties agree on the conditions of an offer of employment.

College basketball coaches typically receive generous compensation packages. Pitino, for instance, is one of the highest paid public university hoops coaches in America with a contract worth $4.975 million over six years. On top of his base salary, he also receives $550,000 in competition bonuses which are based on wins, NCAA Tournament appearances and other accomplishments.

He receives $1.2 million from shoe and apparel contracts, commercial endorsements, the use of two cars, as well as a membership to a local country club. Furthermore, he is entitled to an annual retention bonus of $750,000 that kicks in every three years.

At colleges such as Louisville, coaches have long had the power to negotiate their own apparel and shoe contracts with the school - often accounting for a substantial part of their pay. Although schools no longer pay coaches a lot to participate in department-wide shoe and apparel contracts, coaches still receive substantial amounts from Nike, adidas or other companies.

According to USA TODAY Sports' report, Pitino earned the most outside income of any public-school football or men's basketball coach in 2015. That includes his $2.25 million in Adidas payments as well as other money he received as part of a department-wide shoe and apparel deal.

Reputation

Rick Pitino has earned a place of honor as one of the greatest college coaches in history, and has made considerable money throughout his coaching career. He's won two national championships and made seven Final Fours, earning him induction into the Hall of Fame as an honorary Coach. Furthermore, five times Rick Pitino was named National Coach of the Year.

His most successful collegiate teams include Boston University, Providence College and Kentucky. With an 834-293 record in 35 seasons as head coach, he has guided teams to NCAA Tournament championships as well as regional and conference titles.

He began his professional coaching career as an assistant coach with the New York Knicks in 1987 and then went on to become head coach of the Boston Celtics in 1997. During his first season with the team, he led them to the playoffs; however, after only four seasons he was fired and returned to collegiate coaching.

In 2001, he became the head coach of Louisville and led them to their first Final Four in 19 years. Additionally, he is remembered as being the first men's coach to guide three different schools to a Final Four.

Over his 17 years with Louisville, he coached the Cardinals to an incredible 416-143 record and guided them to their first NCAA title in 2013.

In 2017, he was forced to resign his role at Louisville due to the school being embroiled in a pay-for-sex scandal involving several of its top recruits. Following an internal investigation, the NCAA suspended him for five games.

He eventually signed on with Iona College in Queens, NY and has an 8-5 record with the Gaels. Additionally, he served as coach for Panathinaikos in both Greek Basket League and EuroLeague competitions.

His net worth is estimated to be $45 million in 2021. He earns a base salary of $5.09 million, plus an additional $2.25 million from Adidas.

Pitino has extensive coaching experience, having coached both Puerto Rico's national team and Greece's senior national team. Furthermore, he served as executive with the NBA. In 2013, he was inducted into the Naismith Memorial Basketball Hall of Fame.