In 2019, University of Virginia basketball coach Tony Bennett led the Cavaliers for their first appearance in the Final Four in 35 years, winning their first NCAA championship title in program history.
But as UVA president Jim Ryan and Athletic Director Carla Williams, Bennett tried to raise his salary after the win, he declined.
"President Ryan and Carla were very gracious in what they offered me as a possible contract, but I have a very good contract." Bennett said in an article published on the UVA website on September 15th. "I have more than enough, and if there are options, this can help the sports department, other programs and coaches by not so much being tied up [in men̵
"I have more than I need ", he said. "I am more blessed than I deserve."
The coach also donated $ 500,000 for a career training initiative for current and former UVA men's basketball players. Rejecting additional compensation "just does not happen in our industry," said Williams.
Bennett consulted with his wife Laurel before making a decision. "She always said: 'Is there anything we can do to make a difference?' It has kept her busy and we've talked about it a lot, 'he said.
USA Today estimates that Bennett earned $ 4.15 million last season. The Daily Progress reports that it received incentives totaling $ 1.175 million for the 2018-2019 season, which it ended with a record 35: 3, and for winning the national championship.
According to The Daily Progress by a The request for the Freedom of Information Act, an amendment to Bennett's contract that came into effect in July 2017, includes an annual "additional compensation" of $ 2.5 million which usually includes compensation for the use of the image or image of a trainer by a university.
There are reported to be $ 1 million longevity bonuses for the team. He received such a bonus on March 15, 2019 and is to receive the same amount in 2021 and 2023 if he is still the coach of the team.
With his base salary ($ 525,000), his performance incentives ($ 1,175 million), his Additional Compensation ($ 2.5 million) and his longevity bonus ($ 1 million) can reach up to $ 5.2 million Dollars per season amount.
This makes Bennett one of the highest paid college coaches in the country. The top 10 best-paid NCAA basketball coaches earn over $ 3 million. The highest paid coach, Mike Krzyzewski of Duke, earns about $ 9 million a year.
"Laurel and I are in a great location, and in the past I had contract increases," Bennett said. "We just feel very peaceful about where we are, what happened and how we feel about this sports department, this community and this school, I love being with UVA."
Regarding the recent success of the team "I know I'm a bit biased, but I think it's one of the biggest sports stories ever told," Bennett said.
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Tony Bennett, head coach of the Virginia Cavaliers, cuts the net after his teams have lost 85 – the Texas Tech Red Raiders 2019 wins the final in 2019 NCAA Men's, 4th National Championship, at US Bank Stadium on April 8, 2019 in Minneapolis, Minnesota.
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