Louisville males’s basketball has its new head coach — and extra checks to jot down.
Charleston’s Pat Kelsey might be named Kenny Payne’s successor at a information convention after a gathering of U of L’s Athletic Affiliation Govt Committee and Board of Administrators at 3 p.m. Thursday, a supply with direct information of the deal confirmed to The Courier Journal.
Kelsey, 48, owns a 261-122 report, a .681 successful proportion and 4 NCAA Event appearances throughout 12 seasons of teaching, 9 at Winthrop (2012-21) and three with the Cougars (2021-24).
This is a take a look at how a lot cash the Cardinals owe Charleston after poaching Kelsey — and different males’s basketball coaches who’re nonetheless on the books:
Pat Kelsey’s buyout
Kelsey’s buyout was $1 million by the top of his contract in 2028, per Steve Berkowitz with USA TODAY Sports activities.
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The Cincinnati native signed a five-year contract extension final February. Based on a information launch from Charleston Athletics, he earned $1.1 million yearly; $600,000 in base wage supplemented by $500,000 in personal funds.
Kelsey leaves the Cougars — his second head-coaching gig — with a 75-27 report, a .735 successful proportion and two NCAA Event appearances, each of which resulted in first-round exits.
Kenny Payne’s buyout
Louisville owes Payne $8 million as a part of a buyout settlement that began at $10 million and was set to lower by $2 million annually of his tenure, that means it could have dropped to $6 million April 1.
Chris Mack’s buyout
When Louisville parted methods with former coach Chris Mack on Jan. 27, 2022, it agreed to a $4.8 million severance bundle that’s being paid in month-to-month increments of $133,333.33 till Jan. 31, 2025.
Attain Louisville males’s basketball reporter Brooks Holton at bholton@gannett.com and observe him on X at @brooksHolton.