New LSU women’s basketball coach Kim Mulkey received an eight-year deal that will pay her at least $22.5 million before incentives, the school announced Wednesday.
LSU is also buying out her contract at Baylor, and will provide a personal travel allowance of $80,000 per year. The agreement is contingent on final approval by the LSU board of supervisors.
Mulkey’s hiring was announced Sunday, and she was introduced in a ceremony at Pete Maravich Assembly Center in Baton Rouge, Louisiana, on Monday. Mulkey was 632-104 in 21 seasons at Baylor, with three NCAA championships, a dozen Big 12 regular-season titles and 11 league tournament championships.
Mulkey, who turns 59 in May, has a base salary of $400,000. Her supplemental compensation starts at $2,045,000 in 2021-22, and increases yearly to $2,902,000 in the final year of the deal, 2028-29. There is additional sponsor-related compensation of $60,000.
There are bonuses for advancing through each round of the NCAA tournament, starting at $28,000 for a first-round win and going through $150,000 for a national championship game victory. Mulkey would receive $65,000 for an SEC regular-season title, $35,000 for an SEC tournament title, $15,000 for being national coach of the year and $10,000 for being SEC coach of the year. If LSU finishes ranked in the top 10, that’s another $30,000 bonus, and ranked from 11-25 would be $25,000.
If LSU finishes in the top-10 percentile of the multiyear academic progress rate, Mulkey receives $13,000, and in the top 11-40 percentile, $9,000. She also receives a courtesy vehicle or vehicle allowance of $1,000 per month.
If LSU terminates the contract without cause, Mulkey will receive $2.5 million up until June 30, 2022. From July 1, 2022 on, she would get $2 million. If Mulkey leaves before the contract is finished, she would owe the school $2 million.
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