Archive for Thursday, June 30, 2011

KU athletic department IRS form shows women’s basketball coach Bonnie Henrickson paid almost $2 million in 2009

June 30, 2011

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Henrickson

Henrickson

A check of the IRS 990 form filed by the Kansas University athletic department and made public on its website revealed that women’s basketball coach Bonnie Henrickson was listed as having a “base compensation” of $1,834,008 in 2009.

A retention bonus accounted for $1,288,286.45 of that guaranteed to her based on her first contract for remaining employed through April 15, 2009, according to Associate Athletic Director Jim Marchiony.

Henrickson’s retention agreement, signed when she took the job March 29, 2004, spelled out that unless terminated with cause, the coach would be entitled to a bonus, after taxes, of $150,000 for each year employed. The 2008-2009 season was her fifth at KU, which added up to $750,000, after taxes or $1,288,286.45 before taxes.

The estimated breakdown, supplied by Marchiony, of the before-taxes, $1.8-million-plus the athletic department spent on its women’s basketball coach in 2009:

  • Salary: $237,000.
  • Professional services, such as radio and TV shows, personal appearances, marketing appearances, etc.: $165,000.
  • Deferred compensation: $100,000.

That leaves roughly $24,000 accounted for through taxable benefits such as a courtesy car, country club membership, game tickets, etc.

Henrickson’s gold mine came in the same year former Athletic Director Lew Perkins’ base compensation reported to the IRS was $4,485,275, including a before-taxes retention bonus of $3 million. While reports of Perkins’ big bonanza caused a stir, Henrickson’s never was reported by news organizations.

The one-year balloon made for an atypical financial year for the women’s basketball coach who came to KU after a successful run at Virginia Tech. For example, in the previous year, her base compensation was reported to the IRS as $520,538.

Henrickson received another retention bonus in 2011, amounting to $300,000 after taxes.

Henrickson has not taken her team to the NCAA Tournament in seven seasons as head coach, never has finished higher than tied for seventh in the Big 12 and never has posted a conference record better than 6-10. She is signed through the 2013-14 season and is entering the first year of a three-year extension that Perkins tacked onto her deal. This one, Henrickson said, does not include a retention bonus. That means the best estimate as to the remaining Henrickson compensation for which the athletic department is responsible amounts to slightly more than $1.5 million.

Henrickson said she does not feel the pressure of trying to live up to a lucrative contract.

“I put pressure on myself,” Henrickson said. “It’s not about living up to anything. It wouldn’t matter if they paid me a nickel. That’s not what motivates me. What motivates me year after year is to try to get these young kids to experience what I have experienced (at Virginia Tech) in the tournament. That’s where I feel an obligation to our young women and our fans.”

Comments

Jeff Barclay 3 years, 9 months ago

Honestly, that is silly. What a waste! Don't blame her though. Who would say no to the money?But really what's going on on Naismith Drive? How many show up to watch those games? Maybe 2000?

Robert Rauktis 3 years, 9 months ago

2000? Half of those are idle in the concession stands!

Wayne Propst 3 years, 9 months ago

could we see a list of all the athletic dept. compensation packages? Who are the Perkins "carry overs" ?

jayhawkster 3 years, 9 months ago

“It’s not about living up to anything. It wouldn’t matter if they paid me a nickel."

I have an idea for KU that would save about $1,834,007.95. I wonder if they'd pay me a 10% finders fee for discovering this windfall.

Snark!

CLARKKENT 3 years, 9 months ago

PROBABLY A LITTLE MORE THAN SHE IS WORTH.

Rich Noever 3 years, 9 months ago

I don't think this money comes from the state coffers. I think it comes from ticket sales and other monies generated by KUAC.

Vinny1 3 years, 9 months ago

Bingo. But don't worry, the haters won't let the facts get in the way.

independent_rebel 3 years, 9 months ago

You are right, krich. Remember, however, all the libbies will spread these lies just so they can whine.

A more relevant question from notwwhatyouthink would be to ask how many students could go to KU on an educational scholarship (that is earned, not just handed out) if the State of Kansas didn't dole out so much free money and services to the lazy who choose not to try, and to the illegals that scam our school, hospital, and government aid systems.

jesse499 3 years, 9 months ago

This is true but want'nt it be nice if they gave a little bit more to the school after all the athletic department was built for the school not the not the other way aruond.

Don Whiteley 3 years, 9 months ago

I'd say Bonnie is DEFINITELY CEO material. Getting paid $1.8 million for managing a troubled women's basketball program is right on par with what other dramatically overpaid executives get paid for running their organizations into the dirt.

Robert Rauktis 3 years, 9 months ago

Shirley you've GOT to be kidding!

And don't call me Shirley.

rtwngr 3 years, 9 months ago

Note to Lawrence Journal World: So what? Is doing a hit job on this coach really news? It's nobody's business how much money she makes.

jafs 3 years, 9 months ago

Really?

She's paid by KU, a public institution.

I guess you don't mind spending lots of taxpayer dollars on somebody who's not doing that great of a job.

Vinny1 3 years, 9 months ago

You should probably take a look at where the salary money actually comes from before you post so you don't look unintelligent again next time.

Nevertheless 3 years, 9 months ago

First, the truth is not a hit job. Second, one must not blame Bonnie. Third (and most importantly), that Lew really ran a tight ship up there. What a guy.

Nevertheless 3 years, 9 months ago

Let me clarify: one must not blame Bonnie for signing the deal and taking the money. However, her coaching record is another matter.

Fire_all_politicians 3 years, 9 months ago

You should not blame Lew Perkins. He did exactly what Bob "I'm going to cut the excess at the top............(NOT) " Hemenway, hired him to do. Bring money into the Athletic Dept. coffers. Which he did.

ashmole 3 years, 9 months ago

You may not be able to blame Bonnie for her compensation package, but you can blame her for not winning. It seems clear that her success at VT was a fluke. Hopefully there will be no more gold-plated contract extensions from KU. Some accountability at KUAC would be nice.

jesse499 3 years, 9 months ago

Yea don't you know that you can snap your fingers and win a tittle with a program that has been bad for decades.

Kontum1972 3 years, 9 months ago

why dont we just do away with the whole athletic dept ..period!

Kontum1972 3 years, 9 months ago

the entertainment value is wearing very, very poor lately....

somedude20 3 years, 9 months ago

Drinks on Bonnie tonight! You got the bucks kid so lets hit the Red Lion

BruceWayne 3 years, 9 months ago

more likely she would be buying drinks at the Chateau...

somedude20 3 years, 9 months ago

You make me raugh. Sure she will meet a rather butch Colonel Angus

xfitter 3 years, 9 months ago

i thought he was now known by his given name anal angus!

Jim Williamson 3 years, 9 months ago

I got no issue with what was written, and I think it's ridiculous that a pedestrian coach is being paid elite coach money, but why write this article now?

jafs 3 years, 9 months ago

Maybe it has something to do with all of the budget cuts for things like schools and social services.

hammerhawk 3 years, 9 months ago

I ask myself if we have a $2+ million dollar women's BB program and my answer is "NO". We do not have that kind of program. If this millionaire basketball coach can't produce a program that at the very least win the Big 12 conference, we should make someone else a millionaire basketball coach. Pretty simple.

Flap Doodle 3 years, 9 months ago

How many of her players wound up being arrested this year?

bankboy119 3 years, 9 months ago

What each of you have failed to realize is that this is a problem related directly to Title IX. The reason she is paid that much has 0 to do with her performance. Self, the men's coach, the actual money maker, is paid based upon his performance. In order to be in compliance with Title IX the compensation to the women's coach must be equal. She could go 0-30 and still receive the same compensation with the way the law is written in my understanding. Maybe if we would move to a pay on performance/revenue system her true value would be paid to her.

XTC 3 years, 9 months ago

Where can I get a job application ???

windjammer 3 years, 9 months ago

Coach makes almost 2 million and you can't buy the players a candy bar or a tattoo. What is wrong with this picture?

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