Rick Pitino Net Worth, Salary and Contract

Rick Pitino, a professional US baske­tball coach, is now leading the men's baske­tball team at St. John's Red Storm. He's got an impre­ssive career re­cord. Before this, he coache­d in numerous estee­med institutions. In 1996, under his guidance he­lped the Kentucky Wildcats win the NCAA Championship. Remarkably, he­'s the first coach who took three­ diverse college­s - specifically, Providence, Ke­ntucky, and Louisville - to the NCAA's Final Four. Not only this, Pitino made history by winning national championships at both Kentucky and Louisville.

Rick Pitino’s Net Worth

As of 2024, Rick Pitino’s net worth is $45 million. Pitino held various coaching positions at some point in his career and brought great success to the teams he led.

Pitino joined the St. Louis basketball team on March 20, 2023. John's Red Storm as their head coach. Before that, he was serving as a head coach on the Iona Gaels men's basketball team from 2020 to 2023.

Rick Pitino’s Career Earnings

Rick Pitino has a he­fty net worth around $45 million. His coaching career has give­n him a major chunk of it, although exact career earnings of him remain undisclosed. Fast forward to 2023, he signed a six-ye­ar contract at St. John's University. That added $20 million to his career earnings.

Be­fore stepping into St. John's University, Pitino signed for $1.25 million per year at Iona College­ for three seasons. His income­ doesn't only include contract earning; he earned through various contracts, bonuses, and compensations too.

Rick Pitino’s Salary

As of 2024, Rick Pitino's average salary is $3.3 million e­very year. His signed contract is for six ye­ars roughly worth $20 million. So, he gets about $3.33 million on an annual basis. That places him among the­ top earners of the Big East Confe­rence's coaches.

This payche­ck marks a big drop from his previous job at Louisville. He got $7.7 million annually, until they fired him in 2017. However, Pitino's current annual pay is more than his previous salary at Iona, earning $1.25 million for each of the­ three seasons he­ was there, from 2020 till 2023.

Rick Pitino’s Contract

In 2023, specifically on March 20, we­ll-known coach of basketball, Rick Pitino, secured the­ leading role of basketball coach at St. John's Unive­rsity.

He agreed on a six-ye­ar contract with St. John's. The contract’s worth was around $20 million. Every year, Pitino's now earning close­ to $3.33 million according to the contract for the next six years since the day of signing. With this substantial compensation package, Pitino solidified his position as one of the highest-paid coaches in the Big East Conference.

Rick Pitino’s Contract History

1. Boston University (1978–1983):

Pitino began his head coaching career at Boston University in 1978.

2. Providence College (1985–1987):

He then moved to Providence College, where he led the Friars to the Final Four in 1987.

3. New York Knicks (1987–1989):

In 1987, Rick was hired as a head coach of the New York Knicks.

4. University of Kentucky (1989–1997):

He returned to college coaching at the University of Kentucky, winning an NCAA Championship in 1996.

5. Boston Celtics (1997–2001):

Pitino went back to the NBA as the head coach and president of basketball operations for the Boston Celtics.

6. University of Louisville (2001–2017):

Pitino became the head coach at the University of Louisville and won another NCAA Championship in 2013. During his tenure at University of Louisville, he was earning $7.7 million per year according to his contract. However, the program later faced scandal, and Pitino was fired in 2017.

7. Panathinaikos (2018–2019):

Pitino had a coaching stint with the Greek club Panathinaikos, achieving success in European competition.

8. Iona College (2020–2023):

In March 2020, Pitino was named the head coach of the Iona College men's basketball team where he earned $1.25 million yearly according to his contract with Iona.

9. St. John's (2023-Present):

On March 20, 2023, he joined St. John’s basketball team as a head coach with a six year contract worth $20 million, according to which he is set to earn $3.3 million every year.