University of Wisconsin men's basketball coach Bo Ryan has received a raise that will push his annual compensation package past the $2 million mark.
UW interim chancellor David Ward and UW Foundation president Michael Knetter signed off on an additional compensation agreement for Ryan last month. The UW Board of Regents had approved the compensation adjustment earlier in October.
The deal includes $1.675 million from private gift funds at the UW Foundation, with the first of four installments being paid to Ryan on Dec. 1. The amount from the foundation increases $25,000 every year.
Combined with a base salary of $436,364 from UW athletics, Ryan's annual compensation package will be worth $2,111,364.
"He's worth every penny," UW deputy athletic director Sean Frazier, who oversees the men's basketball program, said of Ryan, whose contract runs through May 30, 2016. "He, among his peers, is one of the preeminent coaches at the (NCAA) Division I level."
Ryan, whose team will play its regular-season opener against Kennesaw State on Saturday at the Kohl Center, was unavailable for comment.
His compensation package was worth about $1.7 million in 2010-11. That included $1.3 million from the UW Foundation and a base salary of almost $400,000. Ryan's base salary increased in August when UW awarded him a 12-month contract; previously, it was for 11 months.
Ryan is 242-91 in 10 seasons at UW, including a 120-48 mark in Big Ten play. His .714 winning percentage in league play - the best of any coach in Big Ten history with a minimum of five seasons - includes three regular-season titles and two Big Ten tournament championships.
The Badgers have advanced to the NCAA tournament each season under Ryan, making four trips to the Sweet 16 in that span. UW came within one victory of reaching the Final Four in 2005, falling to eventual national champion North Carolina 88-82 in the Elite Eight.
A USA Today analysis of salaries in March showed that 15 of the 68 coaches in the NCAA tournament earned more in university-based pay than Ryan's $1.7 million. Ten of those coaches were at or above
$2 million, including Michigan State's Tom Izzo ($3.09 million) and Ohio State's Thad Matta ($2.542 million).
Another Big Ten coach, Purdue's Matt Painter, got a big raise in March. After being courted by Missouri, Painter signed an eight-year deal worth $2.3 million annually to remain with the Boilermakers.
Frazier said UW wanted to keep Ryan's compensation in line with his peers.
"I'm sure there are people out there in the marketplace that would love to have Bo Ryan coaching for them," Frazier said. "We have to be true to Bo, we have to be true to ourselves.
"Here at Wisconsin, we deal with excellence, both in the classroom as well as the athletic field of competition. If you want to be the best in both realms, you have to make sure people are well-compensated and appreciated. I think that this was one way that we were able to do that."