Stephen Todd Alford is an American men's college basketball coach and former professional player. He serves as the head coach for the Nevada Wolf Pack of the Mountain West Conference (MWC). Hailing from Indiana, Alford boasts a remarkable basketball career. He achieved two-time consensus first-team All-American status as a player while playing for the Indiana Hoosiers. Notably, he led the Hoosiers to a national championship in 1987. Following a four-year stint in the NBA, Alford transitioned to coaching, accumulating nearly 30 years of experience. With his deep-rooted passion for the game and wealth of knowledge, Alford continues to make significant contributions to the basketball world.
| Name | Steve Alford |
| Net Worth | $5 million |
| Age | 59 Yrs |
| Residence | Franklin, Indiana, U.S. |
| Position | Head Coach |
| Marital Status | Married |
| Source of Wealth | Salary, social media endorsement |
| Salary | $1.15 million |
| Endorsements | N/A |
| Endorsement Earnings | N/A |
Steve Alford Net Worth
Steve Alford's net worth is estimated to be $5 million. His net worth is largely the result of his success as an American basketball coach.
Over the past decade, Steve Alford's net worth has seen steady growth, primarily fueled by his coaching career. With a remarkable track record as a college basketball coach, Alford's salary and endorsement deals have contributed significantly to his wealth accumulation. Additionally, his investments and business ventures have likely played a role in augmenting his net worth. Ten years ago, Alford's net worth was considerably lower, reflecting his earlier career stage and fewer lucrative opportunities. However, as his coaching career progressed, including successful stints at various institutions, his net worth has experienced a notable increase. With ongoing coaching endeavors and potential future ventures, Steve Alford's net worth is poised to continue its upward trajectory in the years to come.
Steve Alford Career Earnings
Steve Alford has accumulated substantial career earnings as a coach. In the 2021-22 season, while coaching at Nevada, he earned a total pay of $493,100, with a school pay of $500,000 and no additional bonuses. Comparatively, in the previous year (2020-21), Alford's total pay was $525,000, including a school pay of $525,000 and a maximum bonus of $525,000. Beyond his recent coaching endeavors, Alford's early coaching years with the Dallas Mavericks in the 1990/91 season saw him earn $250,000 ($587,199 adjusted for inflation). His significant coaching career, strategic moves, and recent contracts have contributed to Steve Alford's impressive cumulative earnings.
Steve Alford Salary
Steve Alford's current salary stands at $1.15 million. This follows his recent 10-year contract with the University of Nevada, inked at a substantial $11.6 million. In 2020, his reported earnings were $500,000 per year. Reflecting on historical contracts, Alford previously signed a lucrative seven-year, $18.2 million deal with UCLA, boasting an annual average salary of $2.6 million. As of 2021, while not currently signed to any team, Alford has left an indelible mark as one of the highest-paid college basketball coaches, navigating through various contracts and contributing to the evolving landscape of coaching salaries in the sport.
Steve Alford Contract
Steve Alford signed a 10-year contract on April 11, 2019, with the University of Nevada, totaling $11.6 million, valid until April 30, 2029. His annual base salary is set at $300,000, supplemented by additional earnings for media and public appearances. The contract structure operates on a yearly cycle, concluding on June 30 of each subsequent year. Alford's coaching journey includes a previous 10-year deal signed while at UCLA, initiating with a $300,000 base salary and surpassing $11.5 million over its duration. This comprehensive agreement encompasses bonuses for notable achievements, including $50,000 for reaching the NCAA Tournament's Elite Eight and $250,000 for clinching an NCAA Championship.
Steve Alford Contract Breakdown
| Year | Base Salary | Signing Bonus | Cap Hit | Dead Cap | Yearly Cash |
| 2011 | $200,000 | - | $220,000 | - | $220,000 |
| 2012 | $220,000 | - | $245,000 | - | $245,000 |
| 2013 | $250,000 | - | $280,000 | – | $280,000 |
| 2014 | $280,000 | - | $315,000 | - | $315,000 |
| 2015 | $300,000 | - | $340,000 | - | $340,000 |
| 2016 | $320,000 | – | $365,000 | - | $365,000 |
| 2017 | $350,000 | $400,000 | - | $400,000 | |
| 2018 | $380,000 | - | $435,000 | - | $435,000 |
| 2019 | $400,000 | $460,000 | - | $460,000 | |
| 2020 | $420,000 | - | $485,000 | – | $485,000 |
| 2021 | $450,000 | - | $520,000 | - | $520,000 |
| 2022 | $480,000 | - | $555,000 | - | $555,000 |
| 2023 | $500,000 | - | $580,000 | - | $580,000 |
| 2024 | $520,000 | - | $605,000 | _- | $605,000 |
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Steve Alford Contract History
Steve Alford's coaching journey is marked by a rich contract history. Beginning at Manchester in 1991, he progressed to Southwest Missouri State (1995–1999), followed by a notable stint at Iowa (1999–2007). His coaching prowess then led him to New Mexico (2007–2013) before a significant chapter at UCLA (2013–2018). In 2019, Alford embraced a new challenge, becoming the head coach at Nevada. Notably, his tenure at Nevada is underlined by a 10-year contract signed in April 2019, featuring retention bonuses of $250,000 each due in 2022 and 2025. This contract diversity reflects Alford's evolving impact and contributions to the collegiate basketball landscape.
FAQ's on Steve Alford Net Worth, Salary, and Contract
A. Steve Alford's current net worth is estimated at $5 million.
A. In the 2021-22 season, Steve Alford earned $493,100.
A. Steve Alford's annual salary is $1.15 million.
A. Steve Alford signed a 10-year contract with Nevada on April 11, 2019.
A. Steve Alford's 10-year contract with Nevada was worth $11.6 million.
