Bone signs 7-year deal
by Craig Powers on May 13, 2009 6:22 PM PDT
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PrintPer 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.
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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.
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.
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.
That's not enough
If Bone wants to pay his players as much as USC does…
by StraightOuttaPullman on May 13, 2009 8:20 PM PDT reply actions
Enquist?
I’m assuming this is not a 1-year deal but I guess that’s unknown at the moment.
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.
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.
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.
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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