https://deadspin.com/rick-pitino-and-tom-jurich-made-ungodly-amounts-of-mone-1819196199
Forgive me if already posted. I did like 15 seconds of due diligence and didn't see posted already so..........
After I read this, I threw up in my mouth a little.
Here’s how Louisville ended up paying him so much, via
the Courier-
- Making some compensation tax-free by “grossing” it up, or essentially paying the taxes for him. This was a $1.6 million benefit to him in 2016.
- Paying Jurich 160 percent of the cost of his life insurance policy, and allowing him to keep the overage. Employer-paid policies are common for athletic directors, but sweetening the deal is not.
- Paying him as much as $30,000 per year to hire financial advisers to help manage his money, as well as paying taxes on that perk.
- Providing $12,000 per year to cover the cost of two vehicles. Coaches and ADs commonly get allowances for one car, but not for two.
- Buying memberships in two high-end private golf clubs — Hurstbourne and Lake Forest, where membership fees are $28,000 and $25,000, respectively. That’s in addition to membership at the university’s own Cardinal Club course. The university also pays Jurich’s annual club dues and covers his required monthly minimum bar and food bills – an $11,260 benefit in 2015, the most recent year available from the athletic department.
- Providing 16 Skye Terrace seats each year for the Kentucky Derby and Oaks. According to the track’s website, eight premium seats would sell for $24,000 per year.
- Guaranteeing eight football and basketball season tickets for life — and not just his life. The seats, valued at about $11,500 per year, are property of the Jurich family for the lifetimes of his wife and children, as well.