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Home net-worth Rick Pitino Net Worth — Here's His Salary Details

Rick Pitino Net Worth — Here's His Salary Details

Bran Published On Mon Mar 16 2020   Modified On Mon Mar 16 2020
Rick Pitino Net Worth — Here's His Salary Details

American basketball coach, Richard Andrew Pitino created a legacy with over four decades in the coaching journey. As he returns to his job in Iowa, we take a look into his net worth details.   

Ever since Rick Pitino embarked on the coaching journey in 1974 as an assistant at Hawaii, he never had to look back. Gradually, he went on to manage teams like Louisville and Boston Celtics. Not just that, he is also a dual champion, winning the NCAA Tournament twice in 1966 and 2013, respectively.

The 6 feet tall athlete not just made a big name out of his coaching career but also accumulated significant wealth from it. After needing to take a break for specific time, Pitino is set to return as the next head coach at Iona. As the former coach, Tim Cluess, announced that he would be stepping down due to health reasons, the franchisee took no time to make a deal with the experienced Richard Pitino.

Rick Pitino in a black suit while coaching the game.

Rick Pitino's record is as impressive as it gets.
Photo Source:  Courier Journal

Talking about the experience, the portfolio of Rick Pitino says he's coached Boston University, New York Knicks, and Kentucky. Interestingly, he holds the accolade for the only coach in the NCAA to lead two different schools to an NCAA National Championship. However, his 2013's title with Louisville was vacated later on as the coach got involved in an escort sex scandal involving promising recruits. 

How Much Is Rick Pitino's Net Worth?

With over four decades of coaching experience at the very top level, the American coach, Nick Pitino accumulated a staggering net worth of $45 million, as of 2020. Well, the fortune figure is huge, considering how his career went from the journey in NCAA to NBA. 

The legendary basketball coach used to earn a staggering salary of $7.7 million annually. The former Louisville basketball coach signed a massive contract for the franchise until the 2025-26 season after signing a extension in 2015. Although the deal never completed, his base salary of $5.1 million was complemented with further bonuses following the new agreement.  

Rick Pitino in a black suit poses for a picture.

Rick Pitino owns a staggering net worth of $45 million as of 2020.
Photo Source: NY Post

Surprisingly, Pitino was eligible for $250,000 more in academic bonuses, and a further $500,000 if he won another championship. However, a storm stuck out of nowhere to take everything down and halted his management path for a particular time.

In fact, the highly experienced American coach was one of the highest-paid coaches in college basketball in the 2016-17 season. The spouse of Joanne Minardi and father of five went to coach Panathinaikos and will now looks over to expand his legacy in Iowa.

Rick Pitino Sold a Massive House for $3.3 Millions

The experienced basketball coach, Rick Pitino does complete justice to his net worth with a lavish lifestyle living in an enormous bungalow. Back in 2018, he sold his 6000-square-foot Mediterranean-style house in Bal Harbour for $3.3 million.

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The coach previously listed his Miami Beach estate for a whopping $24 million in 2017. Similarly, he listed his residence at Louisville for sale after getting the sack from the team for $1.9 million

Rick Pitino's Luxurious Car Collection

The million-making Basketball star. Rick Pitino displays his wealth in his parking space with a collection of some of the most beautiful cars. 

Rick Pitino's white Lexus.

Rick Pitino bought a Lexus LFA after winning championship in 2013.
Photo Source: Bleacher Report

He also drives a Lexus LFA, which cost around $450,000 when he bought it in 2013.

Rick Pitino Alleged for Recruits Scandal

While everything was going according to the plan in a resounding journey, Pitino got himself into trouble for the 'pay for play' scandal. Interestingly, the inside story transpired how an Adidas executive conspired to pay $100,000 to a top-ranked recruit to play at Louisville and represent the brand.

Rick Pitino being hugged by two Louisville players.

Pitino was beloved at Louisville, but the scandal ruined his job there.
Source: Coach Rick Pitino, Facebook

As soon as they received the complaint, Louisville handed Pitino an unpaid leave before firing him after the complicated court process. After over two years of proceedings, he dropped the case resulting in his termination to be a resignation, citing zero liability between both parties. 

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Following a stint with the Panathinaikos, Rick Pitino is all set to return to the top level as the new head coach of Iowa, which will further enlarge his net worth status. Only time will tell, how will his next journey end up, but hoping for the best here!

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