What is Bobby Hurley's Salary in 2024?
What is Bobby Hurley's Salary in 2024?
By Arslan Saleem April 02, 2024 14:06
Bobby Hurley, the head coach of the Arizona State University (ASU) men's basketball team, has been a prominent figure in college basketball.
Recent discussions have arisen regarding his compensation and contract extension with ASU. This article aims to delve into the details of Bobby Hurley's salary in 2024, his contract terms, and the implications of the unsigned contract extension on his future with the Sun Devils.
Bobby Hurley's Salary History
Previous Compensation
In fiscal 2022, Bobby Hurley was reported to have earned $2.6 million, making him the state’s second-highest paid public employee, following former ASU football coach Herm Edwards. Additionally, in 2019, his contract stipulated an entitlement to $2.7 million for that season.
These figures lay the foundation for understanding the progression of Hurley's compensation leading up to the current year.
Salary Increase and Extension
In 2018, Hurley signed a contract extension that extended his employment through the 2022 season and included a substantial pay raise.
The terms of this extension comprised a $700,000 raise, pushing his base salary to $2.1 million, and a $700,000 signing bonus.
The extension outlined subsequent annual salary increases and retention bonuses, demonstrating the significant financial commitment ASU had made to Hurley at that time.
Current Compensation
In 2023-24, Bobby Hurley is reported to be earning $3.1 million. This places him in a notable position among men's college basketball coaches, albeit with discussions about the value of his compensation given the team's performance.
Analysis of Overpaid Coaches List
Inclusion in Overpaid Coaches List
Bobby Hurley's inclusion in the list of the five most overpaid men's college basketball coaches has sparked significant attention and scrutiny.
The analysis highlights the contrast between brief periods of success and subsequent seasons of underperformance during Hurley's tenure at ASU, raising questions about the justification of his compensation.
Relative Compensation
Interestingly, despite being labeled as overpaid, Hurley's earnings of $3.1 million in 2023-24 are reported to be less than those of the other coaches on the list, such as Mike Woodson, John Calipari, Kenny Payne, and Kevin Willard.
Implications of Unsigned Contract Extension
Future Uncertainty
The unsigned contract extension announced in 2023 has brought uncertainty regarding Bobby Hurley's future with ASU.
The delay in finalizing the extension has raised concerns about the coach's potential departure from the university, especially with the absence of a signed contract and the upcoming expiration of his current agreement on June 30, 2024.
Financial Impact
The terms of the unsigned contract extension include a buyout of up to $2 million should Hurley leave ASU for another coaching job, but with the absence of a signed extension.
He could potentially leave the university without any financial obligation. This situation poses financial implications for ASU and adds to the uncertainty surrounding Hurley's tenure.
Contract Terms and Incentives
Retention and Performance Bonuses
The unsigned contract extension outlines retention and performance bonuses, including a $1 million bonus if Hurley remains ASU's coach on Jan. 1, 2022, and additional prorated retention bumps in the event of his termination by the school.
Also, performance incentives linked to achievements such as winning the Pac-12 regular-season title and advancing in the NCAA Tournament are detailed in the extension, offering insights into the comprehensive structure of Hurley's compensation package.
Buyout Clauses
The contract terms also specify buyout amounts in the event of Hurley's premature termination, reflecting a gradual reduction in the buyout over the years of the deal.
The unsigned extension sets the buyout at $2 million if Hurley terminates the contract before June 30, 2024, introducing a pivotal aspect influencing the coach's decision-making and the university's financial obligations.
Future Prospects and Tournament Performance
ASU's Performance
Bobby Hurley's future at ASU has been a subject of speculation due to the team's performance, with the Sun Devils facing challenges during the 2023-24 season and the upcoming Pac-12 Tournament.
The team's recent performance and its implications for Hurley's coaching tenure are essential factors to consider when evaluating his salary in 2024.
Tournament and Beyond
As ASU's head coach, Hurley's ability to lead the team in the Pac-12 Tournament and potential advancements in national tournaments can significantly influence the discussions surrounding his compensation and future with the university.
The upcoming developments in the Pac-12 Tournament and beyond will play a crucial role in shaping the trajectory of Bobby Hurley's coaching career and the associated discussions about his compensation at Arizona State University.
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