Richard Pitino Net Worth, Salary and Contract

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.

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.