Richard Pitino Net Worth, Salary and Contract

Last Modified Apr 9, 2024 11:50 GMT
Richard Pitino Net Worth, Salary and Contract
Richard Pitino's Net Worth. Source: Getty Images

Richard Pitino is an American college basketball coach who has served as the head coach of the New Mexico Lobos men's basketball team since 2021. Before his role at New Mexico, he held the position of head coach for the University of Minnesota Golden Gophers men's basketball team from 2013 to 2021. Before his time at Minnesota, Pitino was the head coach of the FIU Panthers men's basketball team from 2012 to 2013.

Throughout his coaching career, Pitino has achieved a notable record of 1-3 in NCAA Division I games and 5-1 in NIT (National Invitation Tournament) games. He has secured championships such as the NIT title in 2014 and the Mountain West Conference (MWC) tournament championship in 2024. Pitino has also been recognized for his coaching, receiving awards such as the Big Ten Coach of the Year award in 2017.

NameRichard Pitino
Net WorthNot Available
Age41 years (born on September 16, 1982)
ResidenceBoston, Massachusetts, U.S.
PositionHead coach
Marital StatusMarried
Source of WealthBasketball coaching
Salary$1.1 million (for the 2024-25 season)
EndorsementsN/A
Endorsement EarningsN/A

Richard Pitino's Net Worth

Richard Pitino's net worth details are currently not available in any public domain.

Richard Pitino Salary

Richard Pitino's current salary stands at $775,000 for the first year of his contract, rising to $800,000 from the second to the sixth year. This extension ensures his tenure at New Mexico until the 2027-28 season. With the new extension, Pitino's salary will be $1.1 million in 2023-24 and rise to $1.25 million in the final year of the contract in 2027-28. In his previous role at Minnesota, Pitino had a base salary of $2 million, along with incentives. Now, with his move, he is set to earn approximately $775,000 annually.

Also Read: Richard Pitino's Wife and Family

Richard Pitino Contract

Richard Pitino's current six-year contract with the University of New Mexico earns approximately $800,000 per year. This includes a $25,000 retention bonus and various other bonus and incentive clauses. The breakdown of his compensation includes a $400,000 base salary, $200,000 annually for media obligations, and $175,000 (year one)/$200,000 (subsequent years) for program promotion. Additionally, there are retention bonuses of $100,000 after the fourth year and $50,000 after the fifth and sixth years. Pitino also has the opportunity to earn around $65,000 in bonuses per year before NCAA Tournament wins become necessary.

Richard Pitino Contract History

Richard Pitino's coaching career began as head coach with an FIU contract, followed by a tenure at Minnesota, where he earned a base salary of $2 million with incentives. His current contract is a six-year deal with New Mexico, featuring a base salary starting at $400,000, annual media obligations of $200,000, and additional compensation for program promotion. This contract has been extended through the 2027-28 season, marking a significant progression in Pitino's coaching journey.

FAQ's On Richard Pitino Net Worth, Salary and Contract

A. Richard Pitino was born on September 16, 1982, in Boston, Massachusetts, United States.

A. Richard Pitino was earning $2.46 million annually at Minnesota.

A. Richard Pitino's current coaching contract is a six-year deal.

A. Richard Pitino's current contract has a base salary starting at $400,000.

A. Richard Pitino's annual media obligations compensation is $200,000.

Related Stories

Hannah Hidalgo reveals which upcoming women's college basketball game has her "hyped" Hannah Hidalgo reveals which upcoming women's college basketball game has her "hyped"
Hannah Hidalgo reveals which upcoming women's college basketball game has her "hyped"
IN PICS: John Calipari shares heartwarming snaps as Arkansas players spread holiday cheer with 16 families IN PICS: John Calipari shares heartwarming snaps as Arkansas players spread holiday cheer with 16 families
IN PICS: John Calipari shares heartwarming snaps as Arkansas players spread holiday cheer with 16 families
“Frontrunner for National Player of the Year”: College hoops fans celebrate Hannah Hidalgo after ACC honor “Frontrunner for National Player of the Year”: College hoops fans celebrate Hannah Hidalgo after ACC honor
“Frontrunner for National Player of the Year”: College hoops fans celebrate Hannah Hidalgo after ACC honor
1d
George Mason vs Duke: Box score, stats, and summary ft. Cooper Flagg (Dec. 17) George Mason vs Duke: Box score, stats, and summary ft. Cooper Flagg (Dec. 17)
George Mason vs Duke: Box score, stats, and summary ft. Cooper Flagg (Dec. 17)
20h
Flau'jae Johnson cryptically reacts as LSU teammate Mikaylah Williams’ sophomore performances gain recognition online Flau'jae Johnson cryptically reacts as LSU teammate Mikaylah Williams’ sophomore performances gain recognition online
Flau'jae Johnson cryptically reacts as LSU teammate Mikaylah Williams’ sophomore performances gain recognition online
Hannah Hidalgo is “clearly National Player of the Year favorite” ahead of Paige Bueckers, JuJu Watkins, sports broadcaster presents bold claim Hannah Hidalgo is “clearly National Player of the Year favorite” ahead of Paige Bueckers, JuJu Watkins, sports broadcaster presents bold claim
Hannah Hidalgo is “clearly National Player of the Year favorite” ahead of Paige Bueckers, JuJu Watkins, sports broadcaster presents bold claim
1d
“I love him”: Flau'jae Johnson’s mom Kia Brooks expresses appreciation for Eli Ellis’ competitive spirit “I love him”: Flau'jae Johnson’s mom Kia Brooks expresses appreciation for Eli Ellis’ competitive spirit
“I love him”: Flau'jae Johnson’s mom Kia Brooks expresses appreciation for Eli Ellis’ competitive spirit
1d
Ex-South Carolina star Aliyah Boston sends nostalgic message for Te-Hina Paopao and Bree Hall's graduation day Ex-South Carolina star Aliyah Boston sends nostalgic message for Te-Hina Paopao and Bree Hall's graduation day
Ex-South Carolina star Aliyah Boston sends nostalgic message for Te-Hina Paopao and Bree Hall's graduation day
Jada Williams spills beans on “love” between Arizona teammates after 24-point game Jada Williams spills beans on “love” between Arizona teammates after 24-point game
Jada Williams spills beans on “love” between Arizona teammates after 24-point game
1d
Flau'jae Johnson stats tonight - How did the LSU star fare vs Seton Hall? (Dec 17) Flau'jae Johnson stats tonight - How did the LSU star fare vs Seton Hall? (Dec 17)
Flau'jae Johnson stats tonight - How did the LSU star fare vs Seton Hall? (Dec 17)
21h
Sportskeeda logo
Close menu
WWE
WWE
NBA
NBA
NFL
NFL
MMA
MMA
Tennis
Tennis
NHL
NHL
Golf
Golf
MLB
MLB
Soccer
Soccer
F1
F1
WNBA
WNBA
More
More
bell-icon Manage notifications