Dawn Staley, a prominent figure in women’s college basketball, not only commands respect for her coaching prowess but also for her substantial financial standing.
As the highest-paid coach in women’s college basketball, Staley’s compensation includes a lucrative base salary and additional outside earnings, making her a financial force in the sports world. Let’s delve into the details of Dawn Staley’s salary, bonuses, and net worth.
Dawn Staley’s Salary Breakdown
Dawn Staley’s financial landscape is as impressive as her coaching achievements. According to Boardroom TV, her base salary is a staggering $1,000,000. However, what truly sets her apart is the significant outside compensation she receives annually:
- 2022-23: $2,000,000
- 2023-24: $2,100,000
- 2024-25: $2,200,000
- 2025-26: $2,300,000
- 2026-27: $2,400,000
- 2027-28: $2,500,000
This brings her total earnings for the current season to an impressive $3.3 million, including a $300,000 split-dollar life insurance contribution. Staley’s contract stipulates a yearly increase of $100,000, adding to her financial might. In total, she has $19.8 million remaining on her contract, showcasing the substantial commitment from South Carolina.
Contract Bonuses: A Winning Addition to Earnings
Staley’s contract is not only generous in its base salary but also offers substantial bonuses across different categories:
SEC Regular Season:
Staley can earn an additional $15,000 if South Carolina wins 11 or more SEC regular season games in its 16-game format.
SEC Championships:
She stands to gain significant bonuses based on her team’s performance in the SEC, ranging from $50,000 to $100,000.
NCAA Tournament:
With escalating bonuses tied to the team’s progress, Staley can earn up to $500,000 for winning the National Championship.
Coach of the Year:
Acknowledgment from the AP or fellow coaches can bring her an extra $25,000 for SEC Coach of the Year and an additional $25,000 for winning the national coach of the year.
Top 25 Ranking:
Ending the season with a Top 25 ranking in either the AP Poll or Coaches Poll ensures an extra $15,000 in Staley’s pocket.
These bonuses make Staley’s potential earnings even more substantial, emphasizing the importance of her team’s success in various competitions.
Dawn Staley Buyout Details: A Look into the Unlikely Scenarios
While it might seem improbable that Dawn Staley would ever leave her position, her contract outlines buyout details in case of termination without cause or her voluntary departure:
Termination Without Cause:
- Until April 15, 2023: $2,500,000
- 4/16/23-4/15/24: $2,000,000
- 4/16/24-4/15/25: $1,500,000
- 4/16/25-4/15/26: $1,000,000
- 4/16/26-4/15/27: $500,000
- 4/16/27-4/15/28: $250,000
Termination By Coach:
- Until 4/15/23: $4,500,000
- 4/16/23-4/15/24: $4,000,000
- 4/16/24-4/15/25: $3,500,000
- 4/16/25-4/15/26: $3,000,000
- 4/16/26-4/15/27: $2,500,000
- 4/16/27-4/15/28: $2,000,000
These buyout figures provide a glimpse into the financial security that accompanies Staley’s coaching tenure, showcasing the commitment from the university’s end.
Dawn Staley’s Net Worth 2024
Dawn Staley Net Worth and Salary: Dawn Staley is an American professional basketball player and coach who has a net worth of $1 million. Dawn Staley was born in Philadelphia, Pennsylvania in May 1970. Dawn was named the national high school player of the year as a senior at Murrel Dobbins Tech High School.
She attended the University of Virginia in Charlottesville, VA and led her team to four NCAA Tournaments including three Finals Fours and a National Championship Game. Staley was named the ACC female athlete of the year and the national player of the year.
Her #24 is retired at the UVA. Staley played professional basketball in France, Italy, Spain, and Brazil before joining the Richmond Rage of the American Basketball League in 1996. She was drafted #9 by the Charlotte Sting in the 1999 WNBA Draft.
She played for the Sting from 1999 to 2005 before being traded to the Houston Comets where she finished her career from 2005 to 2006. Staley was a six time WNBA All-Star from 2001 to 2006. She won the Woman One Award in 2005 and was runner-up for the Wooden Cup Award.
Staley has also competed for the United States and has won Gold medals at the 1991 World University Games, 1992 Jones Cup, 1996 Atlanta Olympic Games, 2000 Sydney Olympic Games, 2004 Athens Olympic games, and 2000 FIBA World Championships.
She became an assistant coach for the USA National team in 2006. As a coach Staley went on to win two more Gold medals at the 2008 Beijing Olympic Games and the 2007 Pan American Games. She became head coach at Temple University from 2000 to 2008 and now coaches for South Carolina.
