The USC Trojans will enter this season with something to prove in the Big Ten Conference, especially after their disappointing exit in the first round last year. Determined to turn things around quickly, the team has already made a significant change in their coaching staff, appointing Eric Musselman as the new head coach. Musselman, celebrated for his successful tenure at Arkansas, offers a fresh vision for USC’s roster, which had been under the guidance of Andy Enfield for the past 11 years.
The 60-year-old brings an impressive 35 years of coaching experience to the USC Trojans, having begun his career back in 1989. His journey has seen him take on various roles, including assistant coaching positions with NBA teams like the Memphis Grizzlies and Sacramento Kings, and even a stint as head coach for the Golden State Warriors. However, it’s in the last decade that Musselman has truly made a name for himself, leading programs in Nevada and Arkansas to notable successes. This raises an intriguing question: just how much is a coach of his caliber earning, and what does his net worth look like?
Eric Musselman’s lucrative USC contract and consistency in the Top 25 Highest-paid Coach’s list
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Eric Musselman’s recent hiring as the head coach of the USC Trojans comes with a contract that underscores his value in the world of college basketball. According to reports, his deal features competitive financial terms and various performance incentives, alongside opportunities for business ventures that emphasize his marketability and influence in the sport. Athletic Director Jennifer Cohen has confirmed that Musselman has signed a multi-year contract, with his annual salary estimated to be around $4 million.
This puts Musselman in a position to earn about the same, or possibly slightly more, than his predecessor, Andy Enfield, who made $3.806 million, ranking him as the 21st highest-paid head coach in the country. With this lucrative deal, Musselman could become the third highest-paid coach in the Big Ten Conference where UCS will be competing for the first time. The only two coaches ahead of him in the Big Ten Conference in terms of payment will be Michigan’s Tom Izzo and Illinois’ Brad Underwood.
The latest contract will lock his deal with the Trojans until the end of the 2025-26 season, which reflects the team wants to give him a couple of years at the office first.
LA is the City of Dreams ✌️
Thank you @NikeLA for sending @USC_Hoops the LA Dunks 👀🔥 pic.twitter.com/AMP0ModWej
— Eric Musselman (@EricPMusselman) October 25, 2024
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Can Eric Musselman transform USC Trojans into Big Ten contenders, or is it just a costly gamble?
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Prior to his arrival at USC, he earned around $4.245 million annually while coaching at Arkansas. Last year’s salary placed Musselman as the 12th highest-paid coach in the nation. Most of his earnings at Arkansas came from his base salary, supplemented by an additional $45,850 in other compensation. In fact, Arkansas had offered Musselman a substantial $20 million over five years, complete with an annual raise of $100,000 after extending his contract in 2021.
The contract extension coincided with Arkansas’s first trip to the Elite Eight under Musselman’s leadership, propelling him into the top 10 highest-paid coaches in the nation. While those salary figures are certainly impressive, it’s notable that his buyout clause remained relatively low at just $1 million. Nevertheless, Musselman’s consistent ability to enhance team performance, leading Arkansas to three consecutive playoff appearances, has bolstered his reputation and helped elevate his net worth to a significantly healthy level.
Eric Musselman’s Net Worth: Financial landscape and incentive-driven coaching
As of 2024, Eric Musselman’s net worth is approximately $10 million. This impressive financial standing comes from a variety of income sources. Along with his salary, Musselman benefits from bonuses and endorsements, as well as his extensive background in professional basketball, including his past associations with various NBA franchises. This diverse revenue stream plays a significant role in shaping his overall financial health.
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Musselman’s current contract is designed with several performance-based incentives that keep the focus on success. For every appearance in the NCAA tournament, he stands to earn additional bonuses, which serve as motivation to cultivate a winning, competitive team. His incentives also extend to bonuses for securing conference championships and achieving milestones in player development. This structure not only encourages winning but also emphasizes the importance of nurturing talent within the program.
Similar to his previous contract with Arkansas, Musselman’s deal with the Trojans also includes a buyout clause, though the specifics of that clause haven’t been disclosed to the public yet.
Earlier, he has also landed multiple endorsements that boost his visibility and influence in the sports world. These partnerships primarily come from brands aligned with his coaching philosophy and the athletic community. Musselman focuses on collaborating with companies that promote youth sports, fitness, and athletic training, showcasing his dedication to nurturing talent on and off the court.
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“As we move to the Big Ten and enter a new chapter for USC Men’s Basketball, there is no better fit than Eric Musselman to launch our program to new heights,” said USC Athletic Director Jennifer Cohen when Musselman was appointed. It will be intriguing to see if the head coach can deliver on the promise he brings and whether his results will match the substantial investment the university has made in him.
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Can Eric Musselman transform USC Trojans into Big Ten contenders, or is it just a costly gamble?