Matt McMahon took the stage as LSU’s 25th head coach in March 2022, when the program needed a quick revival. LSU was still reeling from the stinging NCAA sanctions, and the Tigers struggled to regain their footing in the competitive SEC landscape. However, McMahon, known for his leadership and player development qualities, saw potential, whereas others only saw setbacks. 

With a reputation for his work at Murray State and for developing talent like Ja Morant, he set out to rebuild LSU brick by brick. As expected, his Tigers have shown remarkable improvement in just two seasons. But it’s not just LSU that shows progress. McMahon’s financial standing has elevated, too. Given the high expectations surrounding his role at LSU, his net worth and salary have become topics of interest for many, too. 

Matt McMahon’s net worth

While Matt McMahon’s exact net worth isn’t publicly revealed, what is known for sure is that his successful coaching career affords him a comfortable financial standing. His years at Murray State and now LSU have earned him a solid reputation in the college basketball world and significantly contributed to his wealth.

However, the role that McMahon has played at LSU (and continues to), coupled with his previous successes, places him among the top 50 highest-paid coaches in the USA. With the salary The Program Builder now earns and a long-term contract at LSU, his financial profile is set to grow even further. 

Matt McMahon’s salary

As of the 2023-24 season, Matt McMahon’s annual salary is approximately $2.7 million. Despite being one of the lower-paid coaches in the SEC, he still manages to secure the 49th position on the list of highest-paid college basketball coaches. While his initial salary at LSU in 2022 was $3.035 million, the current figures reflect a restructuring or adjustments of his earnings. 

His salary contract also includes incentive-based bonuses for achievements, such as winning the SEC regular season championship or advancing deep into the NCAA tournament. For instance, McMahon can earn a bonus of up to $50,000 for leading the Tigers to the SEC Tournament championship or reaching the NCAA Tournament. 

In addition to his salary, Coach McMahon received a $400,000 signing bonus and a $35,000 relocation incentive upon joining LSU, which shows the university’s commitment to securing his leadership in the future. 

Matt McMahon’s contract history

McMahon’s current contract— the one he signed on March 22, 2022, is a seven-year deal with a total value of $20.3 million. His base salary is $400,000 annually, supplemented by millions in additional compensation. The current contract includes an annual increase of $100,000, which could mean that he will earn $3.2 million by the 2028-29 season. 

Before LSU, McMahon’s contract at Murray State had already seen significant growth. In 2019, McMahon signed a four-year extension that raised his salary from $300,000 to $500,000— evidence of the success he had brought to the Racers. 

Under the strategist’s guidance, Murray State won multiple Ohio Valley Conference championships, earned three NCAA Tournament berths, and posted an undefeated season in 2021-22. This whopping trail of success made McMahon one of the most sought-after coaches in the country. 

His proven track record of success, particularly his ability to develop players into raging NBA talent, fueled LSU’s decision to hire him. Given LSU’s recent improvements, it can be confidently declared that they are set for a resurgence under his leadership. Should McMahon continue to lead the program to greater heights, both his salary and his overall value are set to see an even greater increase in the coming years.