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Documents: Duke paid Krzyzewski $4 million in 2008-09

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Tuesday, June 8, 2010

(Updated 3:25 pm)

By JOEDY McCREARY
Associated Press

RALEIGH (AP) — A retired Duke University financial executive has surpassed Mike Krzyzewski as the highest-paid person by the school — for one year, anyway.

The Associated Press on Tuesday obtained Duke's most recent IRS documents for the fiscal year that ended June 30, 2009. The filings indicate Duke paid Eugene McDonald a lump-sum deferred compensation payment of $5.5 million that accrued during 23 years.

McDonald retired nearly 10 years ago after creating and heading Duke Management Co., the school's endowment investment office.

Krzyzewski made nearly $4.2 million in 2008-09 with a base salary of nearly $2 million. The Hall of Famer annually ranks as the highest-paid employee at the school, which has a longstanding policy of not discussing contracts or compensation.

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DaveW

June 8, 2010 - 3:56 pm EDT

I guess he will make even more this year after winning the National Championship.

casper

June 8, 2010 - 4:32 pm EDT

When Pro players make multi millions, this pay is an insult to someone like coach k. If not for great coaches like him, there would be no NBA. DEMAND A RAISE COACH!!!!!

Conundrum

June 8, 2010 - 4:50 pm EDT

"If not for great coaches like him, there would be no NBA. DEMAND A RAISE COACH!!!!!" This statement isn't logical. The NBA existed before and will exist after Coach K. As a matter of fact, Duke's most recent player of the year award recipients (Laettner and Ferry) had journeymen careers in the NBA. They never matched their collegiate levels. That being said. Coach K is a very good college coach.

sladejone11

June 8, 2010 - 4:57 pm EDT

Wasn't Redick a more recent national player of the year?

Conundrum

June 8, 2010 - 5:17 pm EDT

Yes. In my rush to prove my point, I posted some sloppy info. E. Brand, S. Battier, J Williams and JJ Redick are the most current Duke players to have won the national player of the year award.

Fred

June 8, 2010 - 6:02 pm EDT

Give K a raise! He's worth every cent!!!
Fred '57 Dookie

DaveW

June 8, 2010 - 10:27 pm EDT

When is dcolin going give us all a lecture on our "wrong" priorities by posting positive about Coach K (who is usually Duke's HIGHEST PAID EMPLOYEE)?

Gymnaseum

June 8, 2010 - 11:40 pm EDT

I know some colleges that would become solvent with that.

Bilbo

June 9, 2010 - 7:09 am EDT

..seeing that this is a private university, I have absolutely no problems with this....I would, however, like to know how much Roy Williams is getting, since IT is on the NC taxpayer's dime....