Current:Home > InvestWhat is Oakland coach Greg Kampe's bonus after his team's upset of Kentucky? It's complicated -VitalWealth Strategies
What is Oakland coach Greg Kampe's bonus after his team's upset of Kentucky? It's complicated
View
Date:2025-04-15 02:29:20
It seems pretty likely that Oakland University men’s basketball coach Greg Kampe get a bonus payment for his No. 14-seeded team’s colossal, 80-76 upset of No. 3 seed Kentucky on Thursday night in an NCAA men’s basketball tournament first-round game.
However, according to the university’s general counsel’s office, only two people know the amount: Kampe and Oakland athletics director Steve Waterfield.
Kampe’s contract with the school, obtained by USA TODAY Sports through an open-records request, includes a highly unusual arrangement under which any performance-bonus payments are at the AD’s discretion and based on unspecified goals that are to be determined annually and are subject to change at any time. The only parameter established is that these bonuses cannot total more than 19.9% of Kampe’s current base salary.
Kampe’s salary for this season is $329,609, the general counsel’s office said. (Kentucky coach John Calipari’s basic annual pay for this season is scheduled to be $8.5 million.)
Late last week, USA TODAY Sports asked Oakland for a copy of Kampe’s goals and available bonus amounts for this season. The general counsel’s office responded by saying there is no responsive document.
FOLLOW THE MADNESS: NCAA basketball bracket, scores, schedules, teams and more.
Most college sports coaches’ contracts include specified bonus goals and amounts. For example, while Calipari is the only Power Five conference men’s basketball coach whose contract includes no bonuses for on-court performance, it specifies that he will get $50,000 if the team’s NCAA Academic Progress Rate figure for any given year is at least 975 out of a possible 1000.
Kampe’s deal with Oakland states: “The Athletics Director will annually establish specific goals for the Program, student-athletes participating in the Program and/or the Head Basketball Coach, and a Performance Incentive amount for the successful achievement of each such goal. The Athletics Director may revise the specific goals and amounts from time to time after they have been established, but only with prior notice to and after consultation with the Head Basketball Coach. The amount of all such Performance Incentives and whether or not the goal has been achieved will be at the Athletics Director's sole and absolute discretion; provided however, Performance Incentives cannot exceed Nineteen and 90/100 Percent (19.9%) of the Head Basketball Coach's then Base Annual Salary in any one University fiscal year.”
Kampe's contract also says he is annually entitled to receive a "Scheduling Bonus." For this, the AD is to select one away game as the "Scheduling Bonus Game." Kampe then receives an amount equal to the appearance guarantee that Oakland is paid for the game, "less all actual expenses incurred by the University directly related to the Scheduling Bonus Game, including without limitation, transportation, meals, lodging, etc." Guarantees for men's basketball games against Power Five teams could pay around $100,000 — perhaps a little more — and Oakland typically plays more than one of those each season. The Golden Grizzlies played at three Big Ten schools this season - Ohio State, Illinois and Michigan State.
These are just a couple of the many ways in which there is a massive financial gap between the Oakland and Kentucky programs — the types of gaps that make upsets like Thursday night’s such a signature part of the event:
▶In their 2023 fiscal years, the schools’ annual financial reports to the NCAA showed that Kentucky attributed $23.6 million in operating expenses to men’s basketball. Oakland reported spending $17.6 million on its entire athletics program, including $2.3 million on men’s basketball.
▶Oakland’s total outlay for sports in fiscal 2023 is just over half of what Kentucky would owe Calipari as a buyout if it were to fire him without cause on April 1. That amount is $34,968,749.
▶Three of Kentucky’s assistant coaches have base salaries for this season that are greater than Kampe’s.
- Orlando Antigua is making $900,000, and he will get a $400,000 retention payment if he completes his three-year contract on June 30.
- Ronald “Chin” Coleman is making $600,000.
- Chuck Martin is making $350,000
veryGood! (18)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- Summer I Turned Pretty's Gavin Casalegno Marries Girlfriend Cheyanne Casalegno
- As Northeast wildfires keep igniting, is there a drought-buster in sight?
- Why Kathy Bates Decided Against Reconstruction Surgery After Double Mastectomy for Breast Cancer
- Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
- John Krasinski named People's Sexiest Man Alive for 2024
- Keke Palmer Says Ryan Murphy “Ripped” Into Her Over Scream Queens Schedule
- Father, 5 children hurt in propane tank explosion while getting toys: 'Devastating accident'
- Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
- Ariana Grande Shares Dad's Emotional Reaction to Using His Last Name in Wicked Credits
Ranking
- Sonya Massey's family keeps eyes on 'full justice' one month after shooting
- Over 1.4 million Honda, Acura vehicles subject of US probe over potential engine failure
- NFL overreactions: New York Jets, Dallas Cowboys going nowhere after Week 10
- Keke Palmer Says Ryan Murphy “Ripped” Into Her Over Scream Queens Schedule
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- My Chemical Romance returns with ‘The Black Parade’ tour
- Monument erected in Tulsa for victims of 1921 Race Massacre
- Judge sets April trial date for Sarah Palin’s libel claim against The New York Times
Recommendation
Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
Kentucky officer reprimanded for firing non-lethal rounds in 2020 protests under investigation again
Can I take on 2 separate jobs in the same company? Ask HR
Texas mother sentenced to 50 years for leaving kids in dire conditions as son’s body decomposed
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Kentucky gets early signature win at Champions Classic against Duke | Opinion
Denzel Washington Will Star in Black Panther 3 Before Retirement
A herniated disc is painful, debilitating. How to get relief.