Here's how Ohio State coach Chris Holtmann's pay cut compares to Big Ten brethren
As part of Ohio State’s projected $107 million athletic department deficit due to the COVID-19 pandemic, a number of head coaches throughout the department voluntarily accepted 5% pay cuts Wednesday.
That includes men’s basketball coach Chris Holtmann, who will take that pay cut from his annual compensation of roughly $3 million. There had been some confusion regarding whether the cuts would apply to base or full salary, but a university spokesperson confirmed the details Wednesday evening.
So in Holtmann’s case, his pay cut will help save the athletic department roughly $150,000. Athletic director Gene Smith said the department did not want to ask coaches who make more money to shoulder more of the responsibility, and while the department will eliminate 25 jobs and furlough or temporarily reassign many others, there are no plans to eliminate sports or scholarships.
Each school in the Big Ten has instituted its own set of cuts and salary reductions. Using the USA Today coaches’ salary database as a starting point, here is what bueach coach is giving up in salary this year as of now. Coaches are listed alphabetically by school.
Brad Underwood, Illinois
The Fighting Illini coach accepted a 10% pay cut for six months. He is paid $2,951,000 annually, which amounts to $147,550 pay cut.
Archie Miller, Indiana
The third-highest paid coach in the Big Ten, Miller is paid $3.3 million annually. His 10% reduction amounts to a pay cut of $330,000.
Fran McCaffrey, Iowa
McCaffrey is taking the second-biggest cut, percentage-wise, in the Big Ten. His 15% reduction from a $2,726,250 salary amounts to a $408,937 pay cut. Iowa has also announced that it will be dropping four varsity sports.
Juwan Howard, Michigan
Entering his second year with the program, Howard’s contract calls for him to earn $2 million, a figure that will be reduced by 10%. That equals a $200,000 pay cut.
Tom Izzo, Michigan State
The Big Ten’s highest-paid coach at $4.1 million, Izzo took a 7% pay cut alongside football coach Mel Tucker. That amounts to a pay cut of $287,000.
Richard Pitino, Minnesota
Pitino signed a four-year deal in 2019 that will pay him $2.46 million annually through the 2023-24 season. The Golden Gophers are cutting four sports, and the department’s five highest-paid coaches will take 10% pay cuts. Assuming Pitino is among them, that will be a reduction of $246,000.
Fred Hoiberg, Nebraska
It appears that Hoiberg will be giving 10% of his salary back to the athletic department. The university announced that he would be taking an unspecified pay cut, but later announced 10% salary reductions across the board for the final four months of the year
Hoiberg is paid $2.5 million annually. That amounts to $625,000 during the final four months of the year, and 10% of that is $62,500. It’s unclear if the amount given back to Nebraska in June is connected with the most recent decision or how much that initial total was.
Chris Collins, Northwestern
According to a press release, Northwestern’s athletic director is taking a 10% pay cut and head coaches are also taking voluntary cuts that are expected to be similar in number. Collins, who is paid $2.6 million annually, would be taking a $260,000 pay cut assuming the 10% figure.
Pat Chambers, Penn State
Chambers is the lone Big Ten coach not listed in the USA Today database. Multiple reports put his salary at roughly $900,000, and all university employees making more than $150,000 will be taking 10% pay cuts. In Chambers’ case, that comes out to $90,000.
Matt Painter, Purdue
Painter’s total cut won’t be known for some time because, in addition to a 20% pay cut, he agreed to pass up all incentive bonuses for the year. He is paid $3.025 million annually, which amounts to a salary cut of $605,000 – tops in the Big Ten.
Steve Pikiell, Rutgers
Pikiell signed an extension through the 2025-26 season in February, and for the 2020-21 year he is set to earn $2.2 million. He is taking a 10% pay cut that will total $220,000.
Greg Gard, Wisconsin
Along with the other 24 highest-paid employees, Gard is taking a 15% reduction for a six-month period. His annual salary is listed at $2.45 million, so 15% of half of that comes out to a pay cut of $183,750.