Fact Checker here.
I am surprised -- to put it mildly -- that the lead in the Chronicle today is not President Brodhead's trip to China and Duke's international expansion. Originally, Mr Brodhead had reserved January 21 to deliver, finally, his annual address to the faculty in the Academic Council forum, but alas, that frequently illuminating event, usually held in October, is put off again.
I begin with a thank you to Professor Hain for spawning healthy debate in the Academic Council. No matter what you think about the role of athletics at Duke, there is not enough informed discussion.
Now... some specifics on Coach K's salary. It is not, as the Academic Council's chair is quoting as saying, ten times that of a professor.
According to the American Association of University Professors, for the 2008-09 academic year, nine month contract, Duke's full professors on average made the following:
Male $163,000 (above the 95th percentile)
Now as for the men's basketball coach, the latest figures available are for 2007-08, when he earned $3.7 million. Duke was prepared to pay him approximately ten percent more, but this was forfeited. Fact Checker believes this would have been a bonus had the team won championships.
Let's go back to the 2002-2003 school year. Coach K received $800,000 in base and an expense account, unexplained in documents that I have seen, of $617,028. For 2003-04 he received a modest raise.
Enter the Lakers in the fall of 2004. After Coach K decided to remain at Duke he received a 50 percent hike. In fairness, and Fact Checker is fair, I note the expense account got trimmed at this time, but apparently use of a corporate jet got added. Even though Mr Trask said all this is transparent, believe me you cannot find out squat.
In the next year, K received an additional hike of $1 million a year. And in the year after that he received yet another increase of $1 million a year.
That's right. Back to back raises of $1 million a year. Just like the history and French professors!
$3.7 million in 2007-08. Statistics like this are buried in Form 990 of the university's tax return, on page 60 of 88 of the 2007-08 filing in case you want to do some research of your own. Luckily you have Fact Checker!
I do not know if Coach K saw his salary freeze during the fiscal crisis -- as faculty members did -- or if his contract specified an increase. Watch for Fact Checker to report on that in April, along with confirmation of Coach Cut's initial salary.
The above of course is not Coach K's entire financial package: Duke and he get intertwined in endorsements (Nike for example). Plus all of his other activities that build on the Duke brand.
We do not know if, for example, the Nike deal in outfitting our teams and in gaining endorsement, is included in K's university salary, or if Nike may cut a check directly to him. The same applies to the Fuqua motivational program that coach K conducts annually ($1600 a guest) which Fact Checker believes is handled by a subsidiary corporation.
What the hell am I doing as a Fact Checker. I should have been a basketball coach!!!