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Senate Minority Leader Mitch McConnell once told John Calipari he was creating more millionaires than a Wall Street firm. As it turns out, Coach Cal’s career numbers are comparable.
The 29 players Calipari has put in the NBA throughout his 21-year head-coaching career at Massachusetts, Memphis and Kentucky have combined to make $286,562,703 through the 2012-13 NBA season, according to contract figures compiled from basketball-reference.com.
The nearly $300 million Coach Cal’s players have earned includes NBA contracts only. It does not include the number of lucrative endorsement deals, overseas contracts and upcoming deals his former players will make this season. Factor in those variables and the dollars really start to pile up.
For example, if you add the projected salaries of all 29 players Coach Cal has put in the NBA for the 2013-14 season – some of whom are no longer playing – that number balloons to $361,856,198. Those numbers do not include the max contract extensions of John Wall ($80 million over five years) and DeMarcus Cousins ($60 million over four years), both of which don’t go into effect until the 2014-15 season but are guaranteed deals.
Don’t forget about endorsement deals and overseas contracts. When you consider someone like Derrick Rose has inked a $200-million contract with Adidas, Wall has signed a similar, albeit undisclosed, lucrative contract with Adidas, and the money guys like Joey Dorsey, Robert Dozier and Rodney Carney have made overseas, you could be talking about a $1-billion industry Calipari has managed to produce in just more than 20 years as a head coach.
More millionaires than a Wall Street firm? The numbers don’t lie.
|Player||Total NBA salary accumulated through 2012-13||Projected 2013-14 salary|
Total projected salary accumulated through the 2013-14 season: $361,856,198
Notes: John Wall’s new five-year, $80-million contract extension does not go into effect until 2014-15. … DeMarcus Cousins’ new four-year, $60 million contract extension does not go into effect until 2014-15. … Robert Dozier played in the NBA but was released under a non-guaranteed contract.