LSU Board of Supervisors approves Mulkey contract, increasing price of women’s basketball tickets
BATON ROUGE, La. (WAFB) - The LSU Board of Supervisors has approved a $2.5 million contract for new head women’s basketball coach Kim Mulkey and increasing the price of season tickets for that particular sport.
LSU said Mulkey’s contract will also include a $1,000 per month vehicle allowance, $80,000 per year in personal travel, an optional membership at the University Club, and a buyout of her existing employment contract at Baylor.
The board voted on both issues during its regular meeting Thursday, May 6.
On the highest end of the scale, women’s basketball season ticket holders will be charged $250 per season for courtside tickets, in addition to a newly required $1,000 per season contribution to LSU’s Tradition fund.
LSU said the increase will be phased in over the next four years.
The documents presented to the board for review indicate with sell-out crowds, women’s basketball tickets could generate $1.7 million in revenue by 2022.
Mulkey’s contract includes a guaranteed annual pay of $2,505,000. LSU said Mulkey’s salary will come exclusively from Athletic Department funds and not from the state general fund or tuition dollars.
Mulkey’s pay would increase each year, over an 8-year contract, to end at nearly $3.3 million in the final year.
The coach will also be eligible for incentives based on how well her team does, including a $150,000 bonus for a national title, $15,000 for a “Coach of the Year” title, and $65,000 for a Southeastern Conference regular season championship.
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