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Reports: Kim Mulkey set to sign record $32 million contract with LSU

(Tom Pennington/Getty Images)

Kim Mulkey is set to stay put in Baton Rouge, with multiple reports saying she has agreed to a new 10-year contract with LSU.

The $32 million deal will make her the highest-paid women’s college basketball coach in history. Earlier this year, Mulkey led the Tigers to their first-ever national championship in just her second season with the program.

The Advocate first reported on Mulkey’s contract, having obtained the information through a public records request. The deal is pending final approval from the LSU Board of Supervisors, which will meet on Friday.

Mulkey’s previous contract would have paid her $2.5 million annually through 2029. Her new deal will begin at $2.75 million per year, then will increase over time up to $3.65 million in 2033. No women’s college basketball coach has signed a larger contract, either in total amount or annual value.

In 2021, South Carolina’s Dawn Staley signed a seven-year deal worth $22.4 million, and she made an estimated $3 million last season. UConn’s Geno Auriemma signed a similar deal in 2021, and he will make roughly $3.2 million per year by the end of the 2024-25 season.

At LSU, Mulkey now trails just Brian Kelly, the school’s football coach, in terms of coaching pay. Men’s basketball coach Matt McMahon makes $2.9 million annually, having signed a contract in 2022.

The 61-year-old head coach also could receive performance bonuses. If she guides the Tigers to another national title, she will earn an extra $230,000. And if the team’s Academic Performance Rate exceeds a certain threshold, she’ll take home $50,000 – the same amount she’ll collect if the team reaches the Elite Eight.

Before joining LSU in 2021, Mulkey spent 21 seasons at Baylor, where she led the Bears to three national titles.