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Brad Stevens made nearly $1.2 million in 2011
Posted By HOOPSWORLD On February 5, 2013 @ 6:00 pm In All,Wirenews | Comments Disabled
by Steve Berkowitz, USA TODAY Sports
Butler men’s basketball coach Brad Stevens made nearly $1.2 million during the 2011 calendar year, according to the federal tax return the university filed three weeks ago and USA TODAY Sports obtained Tuesday.
The amount includes bonus and incentive compensation, likely from the Bulldogs’ second consecutive run to the NCAA tournament championship game.
As a private school, Butler is not required to make public its employment contracts. University spokesman Marc Allan could not immediately say whether Stevens’ compensation — $1,165,940 altogether — includes money paid to him by the university as consideration for shoe and apparel endorsements and/or media appearances.
Butler’s tax returns from the past four years provide a window on the impact of the two NCAA runner-up finishes on Stevens’ pay and the university’s athletics revenue. The documents also show that while Stevens is paid less that many other prominent men’s basketball coaches, his compensation — when compared to the university’s athletics revenue — is substantial.
The latest return shows that Stevens received:
— $767,657 in base compensation.
— $337,500 in bonus and incentive compensation.
— $22,203 in other reportable compensation.
— $24,500 in retirement and other deferred compensation.
— $14,080 in non-taxable benefits.
That means Stevens’ base pay had more than doubled from what it was in calendar 2008 ($330,417) and had had gone up from $437,125 in 2009 and $620,828 in 2010.
His bonus compensation for 2010 — when Butler made its first NCAA final — was $170,000.
Meantime, the university’s athletics revenue, as reported on the tax returns, also increased dramatically. It went from just less than $3 million in the school’s 2008-09 fiscal year, to $4.2 million in 2009-10, to $5.4 million in ’10-11 and ’11-12.
Like most private colleges, Butler is set up as a non-profit organization. Under IRS reporting rules, non-profits report their revenues and expenses based on a fiscal year and their compensation data based on the calendar year completed during the given fiscal cycle.
Because of the complexity of their returns, large colleges and universities routinely take filing extensions that result in a significant time lag between the period covered by their most recent return and the date they file.
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