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Bone signs 7-year deal

Per this AP report, Washington State's new basketball coach will be making $650,000 his first year, $750,000 in the second, and $850,000 in the third year.

Jim Sterk said he was going to keep pay competitive, and he kept his word.  This is undoubtedly a huge raise from what Bone was earning at Portland State.  That coupled with the chance to coach in the Pac 10 made this a no-brainer move for him.

So what happens if Klay Thompson and the Cougs make a run to the Sweet Sixteen next year and Bone is mentioned for every open coaching vacancy on the planet?  The school trying to steal him away will be out $500,000.  That may seem like chump change to many major athletic departments, but for WSU, that is two home football games' worth of cash.

Tony was set to make atleast a cool million a year at Wazzu.  That savings, coupled with that check from Virginia, minus the $74,000 paid to Portland State, means WSU is saving more money on Ken Bone this year than they are actually paying him!  What a deal!

Notes:  If Bone leads the Cougs to the promised land (a national title), Bone earns an extra $100,000.   Apparently the contract states that raises can be negotiated after the first three years.  As we experienced with Tony Bennett, raises are always negotiable if your team is winning basketball games.

Poll
What do you think of Ken Bone's salary?
Too high!
11 votes
WSU is getting a steal!
20 votes
Just right
111 votes
How much money would it cost to save WSU Theatre and Dance/Sports Management again?
16 votes

158 votes | Poll has closed

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Grippi has the story, too

Which, by the way, includes this little note:

• Bone confirmed this week back trouble will sideline junior Fabian Boeke, a 6-foot-11 center from Germany. Boeke, who had to sit out his freshman year due to an NCAA ruling concerning paid players on his German club team, played sparingly last season after undergoing off-season back surgery. He appeared in three games and converted one 3-pointer.

Boeke continually felt tingling his lower body and missed most of the year while trying to rehabilitate the injury. He has applied for a medical waiver, which would permit him to keep his scholarship without it counting against WSU’s NCAA-allotted 13.

Bone said Charlie Enquist, a 6-10 redshirt sophomore who played in 11 games and scored 11 points as a freshman last season, would receive the scholarship.

So, that answers that.

by Jeff Nusser on May 13, 2009 6:28 PM PDT reply actions  

My first thought was that it seemed a little high

But the more I thought about it, the more it seems about right. I believe that’s still well below what other coaches in the conference are making, but enough of a raise that Bone feels special. Seems like a win-win.

by Jeff Nusser on May 13, 2009 6:35 PM PDT reply actions  

He only get 100 K for a national title

If he wins a national title, I’ll sell every possession I have and give him all the money. Hell, I’ll give him my first born child on top of that.

by GoCougs on May 13, 2009 7:26 PM PDT reply actions  

Enquist?

I’m assuming this is not a 1-year deal but I guess that’s unknown at the moment.

by BornCoug on May 13, 2009 10:46 PM PDT reply actions  

to put into perspective

Arizona’s Sean Miller had a guaranteed salary of $2 million annually, and he received a $1 million signing bonus.

UCLA’s Ben Howland made about $1.8 million last season and California coach Mike Montgomery $1.575 million.

Washington’s Lorenzo Romar and Oregon’s Ernie Kent have deals that guarantee about $1.1 million per year.

Oregon State’s Craig Robinson is the next lowest-paid known coach to Bone, making $750,000 last season.

by ximiankernel on May 14, 2009 3:53 AM PDT reply actions  

Good info

Like I said, when I started thinking about it, $650,000 seemed about right. But it just goes to show how fast these salaries have escalated — 10 years ago, Mike Price was still making about $200,000 a year.

by Jeff Nusser on May 14, 2009 5:52 AM PDT up reply actions  

Question....

I’m not sure if I’m right, but who was the first athlete to make $100,000 per year? I remember it opened some eyes when it was announced. I think it was a baseball player. I will give the answer in a later post.

As far as Coach Bone is concerned, I think his salary is a steal. I think Coach Wulff’s is also. I’m glad they are more comparable than when Tony was here. I wonder how Romar feels with Sarkisian being compensated almost twice what he is. I hear the football program brings in 85% versus 15% of the funds to run their athletic department, that has to have something to do with it.

I think the salaries we are paying Bone and Wulff are very modest to what they could be. The COL in Pullman gives those dollars more value. If we would have brought in bigger ‘names’ to coach either of those programs, I think we’d of had to gone a little higher. The salaries they are receiving are about as low as we could go for that kind of talent.

by SW WA Coug on May 14, 2009 9:52 AM PDT reply actions  

So this means that Clay Aiken will get a good Christmas gift from his uncle this year?

by StraightOuttaPullman on May 14, 2009 11:30 PM PDT reply actions  

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