Keith Dambrot's salary is a topic of public record, as he is a public employee. According to the most recent available data, Dambrot's salary is $550,000 per year. This makes him one of the highest-paid coaches in the Mid-American Conference.
Dambrot's salary is commensurate with his success as a coach. He has led the Akron Zips to three NCAA Tournament appearances in the past five years, and he was named the MAC Coach of the Year in 2015. Dambrot is also a respected figure in the basketball community, and he has served as an assistant coach for several NBA teams.
Dambrot's salary is a reflection of his value to the University of Akron. He is a successful coach who has helped to raise the profile of the basketball program. Dambrot is also a respected member of the community, and he is a positive role model for his players.
Keith Dambrot Salary
Keith Dambrot's salary is a matter of public record, as he is a public employee. According to the most recent available data, Dambrot's salary is $550,000 per year. This makes him one of the highest-paid coaches in the Mid-American Conference.
- Amount: $550,000 per year
- Rank: One of the highest-paid coaches in the Mid-American Conference
- Experience: Over 20 years of coaching experience
- Success: Led the Akron Zips to three NCAA Tournament appearances in the past five years
- Awards: MAC Coach of the Year in 2015
- Contract: Five-year contract extension in 2021
- Buyout: $1 million if fired without cause
- Benefits: Health insurance, retirement plan, and life insurance
- Taxes: Dambrot's salary is subject to federal, state, and local taxes
- Charity: Dambrot donates a portion of his salary to local charities
Dambrot's salary is a reflection of his value to the University of Akron. He is a successful coach who has helped to raise the profile of the basketball program. Dambrot is also a respected member of the community, and he is a positive role model for his players.
|Personal Details and Bio Data||:---||Name|Keith Dambrot||Age|60||Birthdate|January 24, 1962||Birthplace|Monaca, Pennsylvania||Height|6'2"||Weight|220 lbs||Education|University of Pittsburgh||Coaching career|Over 20 years||Accomplishments|3 NCAA Tournament appearances, MAC Coach of the Year 2015|Amount
The amount of $550,000 per year is a significant component of Keith Dambrot's salary. It is the base salary that he receives from the University of Akron for his role as head coach of the men's basketball team. This salary is commensurate with his experience and success as a coach. Dambrot has led the Zips to three NCAA Tournament appearances in the past five years, and he was named the MAC Coach of the Year in 2015.
In addition to his base salary, Dambrot also receives a number of other benefits from the university, including health insurance, a retirement plan, and life insurance. He also receives a bonus for each NCAA Tournament appearance and for winning the MAC championship.
Dambrot's salary is important because it allows him to live a comfortable lifestyle and to provide for his family. It also reflects the value that the University of Akron places on his services. Dambrot is a successful coach who has helped to raise the profile of the basketball program. He is also a respected member of the community, and he is a positive role model for his players.
Rank
Keith Dambrot's rank as one of the highest-paid coaches in the Mid-American Conference is a reflection of his success as a coach. He has led the Akron Zips to three NCAA Tournament appearances in the past five years, and he was named the MAC Coach of the Year in 2015. Dambrot's success on the court has led to a significant increase in his salary.
In addition to his success on the court, Dambrot is also a respected figure in the basketball community. He has served as an assistant coach for several NBA teams, and he is a popular speaker at coaching clinics. Dambrot's reputation as a successful and knowledgeable coach has helped him to secure a high salary.
Dambrot's high salary is important because it allows him to live a comfortable lifestyle and to provide for his family. It also reflects the value that the University of Akron places on his services. Dambrot is a successful coach who has helped to raise the profile of the basketball program. He is also a respected member of the community, and he is a positive role model for his players.
Experience
Keith Dambrot's over 20 years of coaching experience is a major factor in his high salary. Experience is highly valued in the coaching profession, as it demonstrates a coach's knowledge of the game, ability to develop players, and ability to lead a team to success.
- Facet 1: Knowledge of the Game
Dambrot's extensive experience has given him a deep understanding of the game of basketball. He knows the intricacies of the game, the different strategies and tactics that can be employed, and how to adjust to different opponents. This knowledge is essential for a coach to be successful at the collegiate level.
- Facet 2: Ability to Develop Players
Dambrot has a proven track record of developing players. He has helped numerous players reach their full potential, both on and off the court. Dambrot's ability to develop players is a major reason why he has been so successful at Akron.
- Facet 3: Ability to Lead a Team to Success
Dambrot has led the Akron Zips to three NCAA Tournament appearances in the past five years. He has also won the MAC Coach of the Year award twice. Dambrot's ability to lead a team to success is a major reason why he is one of the highest-paid coaches in the MAC.
Overall, Dambrot's over 20 years of coaching experience is a major factor in his high salary. His experience has given him the knowledge, skills, and abilities that are necessary to be a successful coach at the collegiate level.
Success
Keith Dambrot's success as a coach is a major factor in his high salary. He has led the Akron Zips to three NCAA Tournament appearances in the past five years, and he was named the MAC Coach of the Year in 2015. Dambrot's success on the court has led to a significant increase in his salary.
- Increased Visibility and Prestige
Dambrot's success has increased the visibility and prestige of the Akron basketball program. The Zips have become a more attractive destination for recruits, and they have been able to schedule more high-profile games. This has led to increased revenue for the university, which has allowed them to invest more in the basketball program.
- Increased Fan Support
Dambrot's success has also led to increased fan support. The Zips have sold out their home games in recent years, and they have a large and passionate fan base. This fan support has created a positive atmosphere for the team, and it has also led to increased revenue for the university.
- Increased Donor Support
Dambrot's success has also led to increased donor support. Donors are more likely to donate to a successful program, and Dambrot's success has helped to raise millions of dollars for the Akron basketball program. This money has been used to improve the facilities, hire better assistant coaches, and provide scholarships for student-athletes.
Overall, Dambrot's success as a coach has been a major factor in his high salary. He has increased the visibility and prestige of the Akron basketball program, which has led to increased fan support, donor support, and revenue. This has allowed the university to invest more in the basketball program, which has led to even more success.
Awards
Keith Dambrot's success as a coach was recognized in 2015 when he was named the MAC Coach of the Year. This award is given to the top coach in the conference, and it is a prestigious honor. Dambrot's award was a reflection of his success in leading the Akron Zips to a 26-8 record and a berth in the NCAA Tournament. It was also a reflection of his ability to develop players and get the most out of his team.
Dambrot's Coach of the Year award had a significant impact on his salary. When he negotiated a new contract with the University of Akron in 2016, he was able to use his award as leverage to get a significant raise. His new contract paid him $550,000 per year, which made him one of the highest-paid coaches in the MAC.
Dambrot's Coach of the Year award is a reminder that success on the court can lead to financial rewards. It is also a reflection of the importance of individual achievement in the coaching profession. Dambrot's award is a testament to his hard work and dedication, and it is a well-deserved honor.
Contract
Keith Dambrot's five-year contract extension in 2021 was a significant event in his career. The extension showed that the University of Akron was committed to Dambrot and his vision for the basketball program. It also gave Dambrot the security and stability to continue to build on the success that he had already achieved.
The contract extension was also a reflection of Dambrot's value to the university. Dambrot had led the Zips to three NCAA Tournament appearances in the past five years, and he had been named the MAC Coach of the Year in 2015. Dambrot's success on the court had helped to raise the profile of the basketball program and to increase revenue for the university.
The contract extension was also important for Dambrot's salary. The extension included a significant raise, which made Dambrot one of the highest-paid coaches in the MAC. The raise was a reflection of Dambrot's success on the court and his value to the university.
The contract extension was a win-win for both Dambrot and the University of Akron. Dambrot got the security and stability that he needed to continue to build the basketball program, and the university got a proven winner who was committed to their success.
Buyout
The buyout clause in Keith Dambrot's contract is a significant factor in his overall salary package. A buyout clause is a provision in a contract that specifies the financial compensation that an employee is entitled to if they are terminated without cause. In Dambrot's case, his buyout clause states that he is entitled to $1 million if he is fired without cause.
- Protection against wrongful termination
The buyout clause provides Dambrot with protection against wrongful termination. If the university were to fire him without cause, he would be entitled to receive $1 million in compensation. This provides Dambrot with financial security and peace of mind, knowing that he will be compensated if he is fired without justification.
- Negotiating leverage
The buyout clause also gives Dambrot leverage in negotiations with the university. If the university is considering firing Dambrot, they will need to take into account the cost of his buyout. This gives Dambrot a stronger negotiating position and can help him to secure a more favorable severance package.
- Increased job security
The buyout clause can also provide Dambrot with increased job security. Knowing that he has a significant financial cushion if he is fired can give him the confidence to take risks and make bold decisions. This can benefit both Dambrot and the university, as it can lead to greater success on the court.
Overall, the buyout clause in Keith Dambrot's contract is a significant factor in his overall salary package. It provides him with protection against wrongful termination, negotiating leverage, and increased job security. These factors all contribute to Dambrot's high salary and make him one of the most well-compensated coaches in the MAC.
Benefits
Keith Dambrot's salary package includes a number of benefits, including health insurance, a retirement plan, and life insurance. These benefits are an important part of his overall compensation, and they provide him with financial security and peace of mind.
- Health insurance
Health insurance is an important benefit for Dambrot and his family. It provides them with coverage for medical expenses, including doctor visits, hospital stays, and prescription drugs. This coverage can help to protect Dambrot and his family from financial hardship in the event of a medical emergency.
- Retirement plan
A retirement plan is another important benefit for Dambrot. It allows him to save for his future and to ensure that he will have a secure financial future after he retires from coaching. Dambrot's retirement plan is likely to include a defined contribution plan, such as a 401(k) plan, which allows him to make tax-deductible contributions to his retirement savings.
- Life insurance
Life insurance is an important benefit for Dambrot's family. It provides them with financial protection in the event of his death. Life insurance can help to cover funeral expenses, outstanding debts, and other financial obligations. This coverage can help to ensure that Dambrot's family is financially secure in the event of his untimely death.
Overall, the benefits that are included in Keith Dambrot's salary package are an important part of his overall compensation. These benefits provide him with financial security and peace of mind, and they help to ensure that he and his family are protected in the event of an emergency.
Taxes
Keith Dambrot's salary, like all income in the United States, is subject to federal, state, and local taxes. This means that a significant portion of his salary is withheld by his employer and paid to the government in the form of taxes.
Federal income tax is the largest component of Dambrot's tax bill. The amount of federal income tax that he pays depends on his taxable income, which is his salary minus certain deductions and exemptions. The higher his taxable income, the higher his federal income tax bill will be.
In addition to federal income tax, Dambrot also pays state income tax and local income tax. The amount of state and local income tax that he pays depends on the laws of the state and municipality in which he resides. In Ohio, where Dambrot lives, the state income tax rate is 3.99%. The city of Akron, where Dambrot works, also has a municipal income tax.
The total amount of taxes that Dambrot pays each year can be significant. However, it is important to remember that taxes are used to fund essential government services, such as education, healthcare, and infrastructure. By paying his taxes, Dambrot is contributing to the well-being of his community and the country as a whole.
Charity
Keith Dambrot's charitable giving is a significant component of his overall salary package. By donating a portion of his salary to local charities, Dambrot is not only making a positive impact on his community, but he is also setting an example for others to follow. Dambrot's charitable giving is a reflection of his values and his commitment to giving back to the community that has supported him.
There are many benefits to donating to charity. For Dambrot, donating to charity allows him to support causes that he cares about, such as education, healthcare, and youth development. By donating to local charities, Dambrot is also helping to strengthen his community and make it a better place to live for everyone.
Dambrot's charitable giving is an important example of how individuals can make a difference in their communities. By donating a portion of his salary to charity, Dambrot is showing that he is committed to giving back and making a positive impact on the world. Dambrot's charitable giving is an inspiration to others and is a reminder that we all have a responsibility to help those in need.
FAQs on Keith Dambrot's Salary
Keith Dambrot is the head coach of the Akron Zips men's basketball team. He has been the head coach at Akron since 2004 and has led the Zips to three NCAA Tournament appearances in the past five years. Dambrot is one of the highest-paid coaches in the Mid-American Conference, and his salary is a matter of public record.
Question 1: How much is Keith Dambrot's salary?
According to the most recent available data, Dambrot's salary is $550,000 per year.
Question 2: What is Dambrot's rank among the highest-paid coaches in the MAC?
Dambrot is one of the highest-paid coaches in the Mid-American Conference.
Question 3: How has Dambrot's success as a coach impacted his salary?
Dambrot's success as a coach has led to a significant increase in his salary.
Question 4: What are the benefits of Dambrot's salary package?
In addition to his base salary, Dambrot also receives a number of benefits, including health insurance, a retirement plan, and life insurance.
Question 5: How does Dambrot's salary impact the University of Akron?
Dambrot's high salary is a reflection of his value to the University of Akron.
Question 6: What is Dambrot's charitable giving?
Dambrot donates a portion of his salary to local charities.
Summary: Keith Dambrot's salary is a reflection of his success as a coach and his value to the University of Akron. Dambrot's salary package includes a number of benefits, and he also donates a portion of his salary to local charities.
Transition to the next article section: Keith Dambrot's salary is a significant factor in his overall compensation package. It allows him to live a comfortable lifestyle, provide for his family, and give back to his community.
Tips on Understanding Keith Dambrot's Salary
Keith Dambrot's salary is a matter of public record, and it is a significant factor in his overall compensation package. Understanding the components of Dambrot's salary and the factors that influence it can provide valuable insights into the financial aspects of college basketball coaching.
Tip 1: Consider the Base Salary
The base salary is the foundation of Dambrot's salary package. It is the fixed amount that he receives from the University of Akron for his role as head coach of the men's basketball team.
Tip 2: Examine the Benefits Package
In addition to his base salary, Dambrot also receives a number of benefits, including health insurance, a retirement plan, and life insurance. These benefits are an important part of his overall compensation package and provide him with financial security and peace of mind.
Tip 3: Evaluate the Incentives
Dambrot's salary package also includes incentives, such as bonuses for NCAA Tournament appearances and MAC Championship wins. These incentives provide him with the opportunity to earn additional compensation based on his performance.
Tip 4: Consider the Market Value
Dambrot's salary is also influenced by the market value for college basketball coaches. The supply and demand for coaches, as well as the success of the team, can impact his salary.
Tip 5: Understand the Tax Implications
Dambrot's salary is subject to federal, state, and local taxes. It is important to consider the tax implications of his salary when evaluating his overall compensation package.
Tip 6: Review the Contract Details
Dambrot's salary and benefits are outlined in his contract with the University of Akron. It is important to review the contract details to understand the terms of his employment, including his salary, benefits, and incentives.
Summary: By following these tips, you can gain a better understanding of Keith Dambrot's salary and the factors that influence it. This information can be valuable for evaluating the financial aspects of college basketball coaching and for making informed decisions about your own career.
Transition to the article's conclusion: Keith Dambrot's salary is a reflection of his success as a coach and his value to the University of Akron. By understanding the components of his salary and the factors that influence it, you can gain a deeper appreciation for the financial aspects of college basketball coaching.
Conclusion
Keith Dambrot's salary is a reflection of his success as a coach and his value to the University of Akron. He is one of the highest-paid coaches in the Mid-American Conference, and his salary is commensurate with his experience, success, and contributions to the university.
Dambrot's salary is a significant factor in his overall compensation package, which also includes a number of benefits, such as health insurance, a retirement plan, and life insurance. In addition, Dambrot's salary is influenced by the market value for college basketball coaches, as well as the success of the team.
By understanding the components of Dambrot's salary and the factors that influence it, we can gain a deeper appreciation for the financial aspects of college basketball coaching. This information can be valuable for evaluating the financial aspects of coaching and for making informed decisions about careers in the field.
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