Jim Calhoun once famously remarkedthat he "would like to be able to retire someday." Thankfully for UConn fans, that day is still a few years down the road, but when Calhoun does eventually decide to retire, he will do it as a very rich man.
UConn has released Calhoun's new contract, which runs through the 2013-14 season. You can find a full copy of it here. Calhoun will make $2.3 million for the 2010-11 season, $2.7 million for 2011-12 and $3 million in both 2012-13 and 2013-14. In addition, whenever Calhoun decides to retire, the University will either give him a $1 million payout, or a job in the athletic department that pays $300,000 a year for five years. The deal also has the usual perks like a car allowance, free tickets and bonuses for postseason success.
The contract is retroactive to July 1, 2009, so all told it comes to about $13 million. This makes Calhoun one of the highest-paid coaches in college basketball, though his salary is not the highest (that would be John Calipari). If you want to compare, check out this slideshow of some other highly paid college coaches over at the Courant.
Thirteen million dollars is a massive amount of money, but at the risk of sounding cheesy, I think its pretty clear that the coach is worth every dime.