Report: Mike Krzyzewski received $9 million salary from Duke in 2022, largest single-year bonus
Mike Krzyzewski received a $9 million salary from Duke in his final season as head coach, according to USA Today’s Steve Berkowitz.
In that final season, Coach K saved his best for last. The Blue Devils won the ACC regular season title and made it to the Final Four, finishing 32-7.
While Duke fell short of a title, Krzyzewski certainly earned his paycheck during his final campaign.
“Mike Krzyzewski credited with total compensation of $9 million in 2022 calendar year, the year he retired as Duke men’s basketball coach, school’s new federal tax records show,” Berkowitz wrote on Twitter. “This includes $1.2 million reported as deferred on prior years’ returns.
“Krzyzewski’s total included more than $5.9 million in bonus and incentive compensation. Not adjusting for inflation, that’s his largest single-year bonus payout, dating from 2009.”
That’s a lot of money, but he earned it that year and throughout his entire career. Krzyzewski had a 1,129-309 career record with Army and Duke and won five national titles with the Blue Devils.
He also made it to 13 Final Fours in his career, all with the Blue Devils.
Joining “The Brotherhood” podcast, an in-house production from Duke athletics, Krzyzewski briefly discussed what he does and doesn’t miss from manning the sidelines. After nearly 50 years, the man known mostly as “Coach K” is at peace with coaching no longer.
“I don’t miss coaching. I coached for 47 years, over 1600 games or more. The thing I miss is the interaction with young. I’ve been — you stay young by interacting with young and energetic and that’s the only thing I miss. And I do a lot of speaking and all that, but it’s not to a group of 18- to 23-year-old guys,” Krzyzewski said.
And while he does miss being around college-aged players and staffers, Krzyzewski also acknowledged it was probably time to move on. And he’s glad to see his replacement, Jon Scheyer, recaptured that energy.
Even though Krzyzewski is no longer the head coach at Duke, he is still regularly around the program.
“It’s been great,” Krzyzewski said of retirement. “I have a lifetime contract with Duke. Not to coach but to be the ambassador. … I’ve retired from coaching and recruiting. Still have my office, my office staff. And doing a bunch of things to help Duke, obviously, behind the scenes, to support our program. Jon [Scheyer] and I have a very close relationship and talk frequently. That’s good for me and it’s good for him and it’s good for the program.”