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Thursday, March 29, 2012

Leonard Hamilton's Contract Situation at FSU

Leonard Hamilton earlier this month led the Florida State men's basketball team to its first Atlantic Coast Conference championship in school history, and the media named him ACC Coach of the Year for the second time in the past four seasons.
But Hamilton doesn't rank among the ACC's elite coaches when it comes to pay, according to a salary survey commissioned by USA Today.


Of the five ACC coaches who led their teams to bids in this year's NCAA Men's Basketball Tournament, Hamilton earned more than only one — first-year North Carolina State coach Mark Gottfried.
Hamilton's contract, which was extended three years ago and expires in 2014, calls for him to earn $1.5 million per year.
Duke coach Mike Krzyzewski's annual salary, meanwhile, was listed at nearly $4.7 million. Third-year Virginia coach Tony Bennett, who led the Cavaliers to the tournament for the first time in his tenure, made a salary of just over $1.78 million.
North Carolina's Roy Williams checked in at $1.71 million, according to the survey, although that did not include his earnings from shoe and apparel contracts, paid speaking engagements and camps. Those deals are believed to be worth well over $1 million annually.
Hamilton, who is in his 10th season at FSU, has led the Seminoles to four consecutive NCAA Tournaments and this year's ACC championship. He was the fourth-highest paid ACC coach in the NCAA Tournament at $1.5 million, followed by Gottfried at $1.2 million.
Of the 68 coaches in this year's tournament, salary information was obtained for all but seven. Fifteen of those 61 coaches earned more than $2 million per season, and 25 earned more annually than Hamilton.
Hamilton ranked one spot ahead of Wichita State's Gregg Marshall, who made $1.45 million this season.
There were reports out of Chicago last week that Hamilton might be a candidate for the vacant Illinois coaching position, and the Associated Press subsequently quoted an anonymous source at FSU as stating the university was looking to rework Hamilton's contract.
But when he met with the media Tuesday, Hamilton said there was no news on either front.
"I've never been one to discuss things until there's something to discuss," Hamilton said. "Everything else is speculation."

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