New contract extends Dixon's stay at Pitt Pitt and Dixon came to terms late Friday on a new contract that will put him in a new tax bracket. Pitt nor Dixon would disclose terms of his salary last night, but indications are that he will be in the neighborhood of $900,000 per season. That would put him in the upper half of the Big East coaches in terms of compensation.Nice payday for a guy under contract.
Dixon had four years remaining on his old pact and had three more added. The new deal runs through the 2012-13 season.
'You can rest assured that his salary is in line with where he has brought the program in the Big East and nationally,' Pitt athletic director Jeff Long said last night. 'We've provided him with a good salary, one that is competitive in the Big East and one that shows we're happy to have him as our head coach.'
Saturday, March 25, 2006
New contract extends Dixon's stay at Pitt
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6 comments:
Yeah but he would have left if he didn't get the raise, it was very deserving.
The new filter on life -- the rich get richer and the poor get poorer.
How much does the track coach make a year?
How much does the women's basketball coach make?
How much does the softball coach make?
Should a guy who coaches 15 full scholarship athletes of the same sex (guys) who play on a hardwood floor earn 9 to 10 times as much as a coach who coaches 30 athletes, who average less than half a scholarship each, of both men and women, who compete in water?
Paying him $900k while under contract isn't deserving in the greater university setting.
I have my doubts.
But basketball and football are the money generators for the sports departments and they are the ones that fund the track, womens basketball and softball programs. If it wasn't for those two programs then there wouldn't be other sports on campus.
Dixon has a tremendous record and will only get better with the group of guys who he has coming in next season.
It's not a matter of how many athletes a coach coaches, it's how much money that program makes for the school.
If PITT would have lost Dixon it would have set the program back for a few years unless they could have brought in John Calapari, which wasn't a given.
Pitt is obviously making the $$ on the basketball program or else they wouldn't have gave him the money.
Generally, you are wrong. The money isn't made in football and basketball at a majority of the NCAA Division I schools. At Notre Dame -- that is another story where you might be right.
Don't fool yourself as to how much Pitt is making on men's basketball.
But, I agree, Dixon is a good coach and he'll have additional years of success, I expect. So, I'm glad he is retained. But, there needs to be more equity discussions. Much more discussions.
And, until Pitt opens up its books -- we'll never know. And, this isn't just a Pitt problem / example. It is throughout the NCAA schools.
Then where is the money made?
Tennis? Hockey? Rifle?
Those programs get the majority of their funding from revenues generated from basketball and football.
Football revenues 03-04
1) Texas $47,556,281
2) Tennessee $46,704,719
3) Ohio State $46,242,355
4) Florida $42,710,967
5) Georgia $42,104,214
6) Alabama $39,848,836
7) Notre Dame $38,596,090
8) Michigan $38,547,937
9) LSU $38,381,625
10) Auburn $37,173,943
Basketball Revenues 2003
Louisville: $12,581,461 Pittsburgh: $3,893,149
Georgetown: $1,906,276
Syracuse: $9,669,291
Villanova: $3,513,448
Notre Dame: $1,830,676
Connecticut: $5,819,482
St. John's: $3,448,313
S.Florida: $1,326,446
Cincinnati: $5,573,080
W. Virginia: $2,785,869
DePaul: $1,307,850
Providence: $3,973,142
Rutgers: $2,764,068
Marquette: $3,935,790
Revenue, incomes, and profits are different. They might make that -- but -- the costs are another matter.
I have serious doubts that you are posting bottom line numbers.
These are not business ventures, generally, that need to make money.
So, Pitt makes $3-m in men's hoops and then spends $1-m in the first coach's salary, what about paying for the arena, scholarships, team travel?
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