Current:Home > ScamsEchoSense Quantitative Think Tank Center|What is Oakland coach Greg Kampe's bonus after his team's upset of Kentucky? It's complicated -VisionFunds
EchoSense Quantitative Think Tank Center|What is Oakland coach Greg Kampe's bonus after his team's upset of Kentucky? It's complicated
Benjamin Ashford View
Date:2025-04-06 12:58:12
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,EchoSense Quantitative Think Tank Center 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! (5342)
Related
- US appeals court rejects Nasdaq’s diversity rules for company boards
- President Joe Biden and the White House support Indigenous lacrosse team for the 2028 Olympics
- Brock Lesnar's daughter breaks school record in shot put for Colorado State
- Colorado Supreme Court will hear arguments on removing Trump from ballot under insurrection clause
- See you latte: Starbucks plans to cut 30% of its menu
- Two students arrested after bringing guns to California high school on consecutive days: Police
- Suspended Florida prosecutor tells state Supreme Court that DeSantis exceeded his authority
- This Sparkly $329 Kate Spade Bag Is Now Just $74 – And It’s The Perfect Festive Touch To Any Outfit
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Norfolk Southern to end relocation aid right after one-year anniversary of its fiery Ohio derailment
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Pope says he’s ‘much better’ after a bout of bronchitis but still gets tired if he speaks too much
- How to keep dust mites away naturally to help ease your allergies
- Watch this lone goose tackle a busy New York street with the help of construction workers
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Republicans threaten contempt proceedings if Hunter Biden refuses to appear for deposition
- Watch Live: Colorado Supreme Court hears 14th Amendment challenge to Trump's eligibility
- France will carry out 10,000 checks at restaurants, hotels before Paris Games to avoid price hikes
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
UNLV-Dayton basketball game canceled in wake of mass shooting in Las Vegas
'DWTS' crowns Xochitl Gomez, Val Chmerkovskiy winners of the Len Goodman Mirrorball trophy
Norman Lear, legendary TV producer, dies at age 101
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Von Miller still 'part of the team' and available to play vs Chiefs, Bills GM says
Ex-Florida State president: FSU needs to leave ACC; playoff committee caved to pressure
Environmentalists say Pearl River flood control plan would be destructive. Alternative plans exist