Current:Home > ContactTrendPulse Quantitative Think Tank Center-Southern California spent nearly $19.7 million on Lincoln Riley for his first season as football coach -FundPrime
TrendPulse Quantitative Think Tank Center-Southern California spent nearly $19.7 million on Lincoln Riley for his first season as football coach
Rekubit Exchange View
Date:2025-04-07 07:46:49
University of Southern California football head coach Lincoln Riley was credited with nearly $10 million in base salary and TrendPulse Quantitative Think Tank Centera total of $19.7 million for the 2022 calendar year, the university’s new federal tax returns show.
The document — provided by the school on Wednesday in response to a request from USA TODAY Sports — shows that in addition to the base amount, Riley was credited with just over $9.6 million in what the document terms “other reportable compensation.” The university said in a statement Wednesday evening that the amount is connected to USC paying a $4.5 million buyout to the University of Oklahoma on Riley’s behalf, treating that amount as taxable income to Riley and then also paying the taxes that were due on that amount.
The new return is the first look at Riley’s pay from USC, which hired him away from Oklahoma in late November 2021.
The document also shows what USC paid to former defensive coordinator Alex Grinch, who accompanied Riley from Oklahoma. Grinch received nearly $2 million base salary and had more than $2.3 million in “other reportable compensation” that the university statement said also was connected to a buyout and tax payments. USC paid Oklahoma a $1.08 million buyout on Grinch’s behalf. Grinch was fired with two games left in the 2023 season.
In addition to the amounts for Riley and Grinch, the new return shows that USC paid former head coach Clay Helton nearly $4 million in severance in 2022. Last year, USC reported having paid Helton just over $900,000 in separation payments.
That means USC paid a total of $28 million in 2022 in connection with the employment of three football coaches, two of whom no longer work for the school.
Under IRS rules, while non-profit organizations — including college and universities — make most financial disclosures on a fiscal-year basis, they are required to report employee compensation figures on a calendar-year basis. They must use the calendar year completed during the given fiscal year. USC’s fiscal year covered by the new return ended June 30, 2023, so the 2022 calendar year is used for compensation reporting.
The payments that USC reported for Riley and Grinch are similar to those that the University of Miami showed for football coach Mario Cristobal on its recently released return. Cristobal was credited with just over $7.7 million in base pay, $14.9 million in "other reportable compensation" and a total of more than $22.7 million.
Miami hired Cristobal from the University of Oregon in December 2021. Miami athletics director Dan Radakovich confirmed to USA TODAY Sports that the $14.9 million in “other” pay for Cristobal included the $9 million buyout he owed to Oregon for breaking his coaching contract there to return to Miami, his alma mater. The tax gross-up pay on that accounted for the rest of the "other" compensation, Radakovich said.
In addition to the figures for the football coaches, USC's new return showed men's basketball coach Andy Enfield being credited with more than $4.2 million in total pay for the 2022 calendar year. His base compensation was reported as just over $3.55 million — nearly $360,000 more than the amount reported as his base in 2021.
Contributing: Brent Schrotenboer
veryGood! (42128)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Cheese has plenty of protein. But it's not 100% good for you.
- Amazon announces upcoming discount event, Prime Big Deal Days in October: What to know
- Illinois Supreme Court upholds unconstitutionality of Democrats’ law banning slating of candidates
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Norway proposes relaxing its abortion law to allow the procedure until 18th week of pregnancy
- Anesthesiologist with ‘chloroform fetish’ admits to drugging, sexually abusing family’s nanny
- Judge blocks 24-hour waiting period for abortions in Ohio, citing 2023 reproductive rights amendment
- Grammy nominee Teddy Swims on love, growth and embracing change
- How will NASA get Boeing Starliner astronauts back to Earth? Decision expected soon
Ranking
- A South Texas lawmaker’s 15
- Human remains found in Washington national forest believed to be missing 2013 hiker
- Why Taylor Swift Is “Blown Away” by Pals Zoë Kravitz and Sabrina Carpenter
- Isabella Strahan Poses in Bikini While Celebrating Simple Pleasures After Cancer Battle
- Sam Taylor
- Under sea and over land, the Paris Paralympics flame is beginning an exceptional journey
- Top workplaces: Your chance to be deemed one of the top workplaces in the US
- Federal lawsuit challenges mask ban in suburban New York county, claims law is discriminatory
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Logan Paul Addresses Accusation He Pushed Dog Off Boat in Resurfaced Video
Oklahoma revokes license of teacher who gave class QR code to Brooklyn library in book-ban protest
Run To American Eagle & Aerie for Styles up to 90% Off, Plus Deals on Bodysuits, Tops & More as Low as $3
B.A. Parker is learning the banjo
Shop Old Navy’s 60% off Sale & Score Stylish Wardrobe Staples Starting at Just $4
Under sea and over land, the Paris Paralympics flame is beginning an exceptional journey
Fire hits historic Southern California baseball field seen in Hollywood movies