Mike Krzyzewski is widely regarded as one of the highest-paid college basketball coaches in history. The 78-year-old retired from coaching at the end of the 2022-2022 season, having been at the helm since 1980.
Krzyzewski won five national championships at Duke and won the ACC Tournament 15 times. He also holds the record for the most wins by a college basketball coach. Coach K signed the biggest contract in college basketball history after agreeing to a $9.7 million-per-year deal with Duke in 2020.
What Is Krzyzewski’s Net Worth?
Coach K earned a fortune during his coaching career, which started in the late 1970s. He currently has an estimated net worth of $45 million, and he’s regarded as the greatest coach in NCAA history. Coach K would probably have a much higher net worth had he accepted the LA Lakers job in 2004. Multiple reports revealed that he turned down a five-year deal worth $40 million and a partial ownership stake in the team.
Having started his coaching career with the Army, not many would have imagined Coach K to be worth millions when he first started coaching in the late ’70s. With an estimated net worth of $45 million, Mike Krzyzewski is easily among the richest NCAA coaches in history.
Although wealthy in his own right, Coach K would have easily earned much more had he accepted the LA Lakers job in 2004. According to multiple reports, Coach K allegedly refused to sign with the Lakers even when offered a five-year deal worth $40 million and a partial ownership stake in the team.
Krzyzewski received almost $9 million in compensation from Duke. This was broken down into a base compensation of $2.37 million, a bonus and incentive compensation of $5.92 million, a retirement package, and a deferred payment of $608,831.
In addition to his salary, Krzyzewski earned significant amounts from various endorsement deals. During his coaching career, he represented top brands like American Express, General Motors, State Farm, Capital One, and Guitar Hero. The Chicago native has remained in an advisory role with Duke since his retirement.
What Does Coach K Spend On?
Coach K and his wife, Mickie, own a multimillion-dollar home in Durham, NC, near the Orange County line off Cornwallis Road. They previously lived on Trappers Court in Durham for 18 years. The mansion is valued at over $3 million. He also has a vacation home in the Hamptons, New York, and a condominium. Up 0
Krzyzewski also indulges in select luxuries. He owns several luxury watches, including Rolex and Omega timepieces. He enjoys fine dining at high-end restaurants and vacationing in exotic destinations around the world.
Coach K’s Investments
Krzyzewski has investments in various ventures. The former Duke coach has invested as an angel investor in companies like Raiinmaker, BonusBlock, The Colony, Element Black, and MobiFi. He also invests in Web3 projects, infrastructure, and blockchain services. While the exact details of Coach K’s investments are not publicly disclosed, reports suggest that he is actively managing his wealth and exploring new opportunities.
KEEP READING: Ranking the Best One-and-Done Players in Duke History
Coach Kis is also the founder of the Emily Krzyzewski Center, a non-profit organization affiliated with Immaculate Conception Catholic Church in Durham. The organization, named in honor of Krzyzewski’s mother, sponsors students from underrepresented backgrounds and helps them pursue higher education.
College Sports Network has you covered with the latest news, analysis, insights, and trending stories in football, basketball, and more!
