Mike Krzyzewski Net Worth
In the United States, Mike Krzyzewski, a collegiate basketball coach, is worth $45 million and earns $9.7 million per year. Men’s basketball coach for the Duke Blue Devils, Krzyzewski has a long and distinguished career. During a press conference on June 2, 2021, Mike announced that he will be retiring at the end of the 2020/21 season. It was March 4, 2022, that he played his last home game at Duke University.
How much money does Coach K earn?
For Coach K, the starting compensation is $7 million a year (plus bonuses). His annual compensation is $7,048,206, to be exact. With bonuses, his annual salary might top out at little about $10 million dollars. Kentucky’s John Calipari earned $7.95 million in 2019, the only collegiate coach to make more in 2019. To put this in perspective, Duke University President James B. Durham earns $1.4 million per year.
Mike Krzyzewski was born in Chicago, Illinois, on February 13th, 1947. When Mike was a child, his parents William and Emily Krzyzewski raised him as a Catholic. At the United States Military Academy in West Point, New York, Krzyzewski graduated with his bachelor’s degree in 1969. When he was a senior, he was the Army basketball team’s captain under Bob Knight’s guidance.
When he was honourably discharged as a captain after serving in the United States Army from 1969 to 1974, Krzyzewski had the rank of captain. During the ’74-’75 season, Mike was an assistant coach on Bob Knight’s Indiana Hoosiers team. For the next five seasons, Krzyzewski was in charge of the Army Cadets at West Point.
Duke University hired Mike Krzyzewski as their head coach in 1980. From 1996 to 2019, the Blue Devils made the NCAA tournament a regular occurrence, earning 35 bids in the next 39 years and 24 times in a row. As a team, Duke has the second-longest streak of tournament appearances in history, trailing only the Kansas Jayhawks’ eight-year run.
It was on November 15th, 2011, that Krzyzewski broke Bob Knight’s record of 903 Division 1 victories. As of 2019, Mike has won 1,123 games as a college basketball coach, making him the most successful coach in the sport’s history, including men and women’s. Krzyzewski’s teams have 15 ACC titles, 12 Final Four appearances, and five NCAA tournament championships to their credit.
Two as an assistant coach and three as a head coach, Mike Krzyzewski has five Olympic gold medals to his credit. He has five FIBA World Cup medals to his credit as a head coach. Mike has been inducted into the Naismith Memorial Basketball Hall of Fame and the United States Olympic Hall of Fame, among many other honors and achievements.
When he first turned down the opportunity to coach the iconic Boston Celtics in 1990, numerous NBA teams approached Krzyzewski about taking over as their head coach. A five-year, $40 million head coaching contract with shared ownership of the Los Angeles Lakers was offered to Mike in 2004. Minnesota Timberwolves and New Jersey Nets have also offered him contracts worth between $12 and $15 million, but he rejected them both.
Krzyzewski made between $7 and $9 million a year at Duke University during the height of his career.
Carol Marsh “Mickie” married Krzyzewski on the day he graduated from West Point in 1969. Jamie, Lindy, and Debbie are three of the couple’s daughters, and there are nine grandkids altogether. Duke Blue Devils’ basketball player Michael Savarino is Mike’s grandson.
Emily Krzyzewski Center, a non-profit organization, was formed by Krzyzewski and his family in Durham in 2006. The facility was named after Mike’s mother and aimed to inspire children from kindergarten through high school to dream big and realize their potential as community leaders. To break the cycle of poverty in families, the Emily K centre offers youngsters after-school programming to help them excel in school and go into college.
Mike Krzyzewski and his wife, Mickie, are ardent supporters of the V Foundation for Cancer Research, the Children’s Miracle Network, and the Duke Children’s Hospital. In support of several initiatives and scholarships, they have made major contributions to Duke University.
In Durham, North Carolina, Mike Krzyzewski lives in a mansion. The stunning 7,638-square-foot estate, situated on 11.5 acres, is just a short distance from Duke University’s campus. He paid $950,000 for the house in 1997. The house is now probably worth $2-3 million dollars.