Mark Turgeon’s strong run so far as head coach for the University of Maryland men’s basketball program has rewarded him with a four-year contract extension that includes a raise beginning with this season.
The university announced today that he had signed the extension to his current contract, which keeps him with the Terps through 2023. Last year, Turgeon made roughly $2.37 million annually, per USA Today, but that will jump to nearly $2.56 million according to his contract, which we obtained through an open-records request with the school.
That $2.56 million mark doesn’t even include incentives. He could earn $425,000 in additional pay if the team is top of their conference, advance to various stages in the postseason or if he wins Coach of the Year, among other accomplishments.
“My family and I love the University of Maryland, the basketball program, the campus community and the local community and I am extremely grateful to be the coach of this outstanding program,” said Turgeon in a statement. He also thanked the university’s president and its athletic director for their support and gave credit to his assistant coaches and athletes for his success.
According to the university, he has won more games than any other coach, including Maryland legend Gary Williams, during his first five years on the bench. His last two seasons brought the school a record 55 wins combined. His other notable accomplishments include bringing his squad to the Sweet 16 of the NCAA Tournament this past March and the round of 32 the season before, winning Big Ten Coach of the Year in 2014-15 and sending 5 players to the NBA, as well as 10 out into the world with college degrees.
To reframe this, the money that college coaches make oftentimes seems ludicrous, especially given that their players make exactly $0 during the season and can’t sign endorsements. As we noted before, Turgeon was the top-earning state employee in 2014, ahead of doctors, university department chairs and administrators.
On the other hand, athletics generate a hefty amount of revenue for a school with a rabid fan base such as Maryland, and the school needs a good, dependable coach to make that happen. With his team already ranked in the top-25 in this year’s USA Today Coaches Poll, the university is expecting more great leadership out of him. Monetary terms aside, he’s earned his spot on the bench through 2023.