17 highest-paid coaches in the 2018 NCAA Tournament

"March Madness" doesn't refer to the process of preparing your taxes for April. The term refers to the annual period when the top crop of college basketball teams square off across the country in the NCAA Tournament.

Click through to see pro All-Stars with the highest net worths, and learn which 2018 March Madness coaches are getting paid the most.

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Highest-paid coaches in the 2018 NCAA Tournament
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Highest-paid coaches in the 2018 NCAA Tournament

Mike Krzyzewski, Duke

School pay: $8,982,325 
Total pay: $8,982,325

Aside from winning three gold medals as Head Coach of Team USA, Krzyzewski is widely considered the greatest college basketball coach of all time. So it should come as little surprise that he's also the highest paid.

The university's tax return stated that $2,199,737 of his income had been reported as "deferred compensation on prior years' returns," according to USA Today, making his income for 2015 closer to $6.8 million.

Check out some other insanely lucrative deals in sports history.

(Rob Kinnan-USA TODAY Sports)

John Calipari, Kentucky

School pay: $7,450,000 
Total pay: $7,994,147

The "one-and-done" model that Calipari crafted has created a factory of championship-caliber teams for Kentucky. From No. 1 overall picks in the NBA Draft to claiming the honor of having Ashley Judd as the team's personal celebrity cheerleader, things are pretty good in Lexington, Ky.

Related: Kobe vs. Lebron — Who's the Highest-Paid Olympic Athlete?

(Mark Zerof-USA TODAY Sports)

Chris Holtmann, Ohio State

School pay: $7,149,849 
Total pay: $7,149,849

In his first season as head coach, Holtmann and the Buckeyes have held Big Ten opponents to 0.97 points per possession — the best in the entire NCAA at one point in the season. With the Buckeyes eyeing another shot at the dance, Holtmann is definitely living up to his salary.

(Photo by Michael Hickey/Getty Images)

Bill Self, Kansas

School pay: $4,779,877 
Total pay: $4,954,877

Along with a grocery list of other accolades, Bill Self led the Jayhawks to an NCAA Championship in 2008. And in Lawrence, Kan. — that's as good as a key to the city.

(Photo by Jamie Squire/Getty Images)

Bob Huggins, West Virginia

School pay: $3,750,000 
Total pay: $3,760,000

Huggins has a very interesting bonus clause in his contract. His bonus "does not include $50,000 in donations that would be made by athletics department to Norma Mae Huggins Cancer Research Endowment in honor of Bob Huggins — if West Virginia beats Kansas in both of the teams' regular-season games," according to USA Today.

In a nutshell, if Bob Huggins beats Kansas twice in one season, $50,000 goes to charity.

(Photo by Scott Winters/Icon Sportswire via Getty Images)

Sean Miller, Arizona

School pay: $3,654,853 
Total pay: $4,054,853

You've likely heard Miller's name on ESPN over the last month because of the NCAA recruiting scandal, but that's only because he's one of the highest profile coaches in the country. Arizona is one of the country's top basketball programs, and the school is paying Sean Miller darn well to keep it that way.

(Photo by Ethan Miller/Getty Images)

Tom Izzo, Michigan State

School pay: $3,652,979
Total pay: $4,359,979

Despite recent issues at the school, Izzo has Michigan State's team looking strong as ever. One of the more legendary coaches in the NCAA, Izzo has enough tournament appearances to back his paycheck, and then some.

(Mike Carter-USA TODAY Sports)

John Beilein, Michigan

School pay: $3,370,000
Total pay: $3,370,000

Although the days of the "Fab Five" are long and gone, Beilein has brought a new era of talent to Michigan basketball. At $3.37 million, the school has made it very clear that Beilein is a long-term investment.

See Also: The Richest Super Bowl MVPs of All Time

(Benny Sieu-USA TODAY Sports)

Shaka Smart, Texas

School pay: $3,100,000
Total pay: $3,100,000

Smart was once the hottest commodity in college basketball, and the Longhorns reeled him in for a clean $3.1 million. Now, Texas has one of the strongest squads since its Kevin Durant days.

(REUTERS/Jeff Haynes)

Gregg Marshall, Wichita State

School pay: $3,000,000
Total pay: $3,044,000

Wichita State has gone from Cinderella to perennial in just a few years. Gregg Marshall's salary was $1,450,000 in 2012. Since then, it has more than doubled.

(Brian Spurlock-USA TODAY Sports)

Tony Bennett, Virginia

School pay: $3,000,000
Total pay: $3,000,000

No relation to the singer, Bennett has taken Virginia from an irrelevant basketball program to one of the most consistent and dominant in the business. Virginia's No. 1 seed in the 2018 NCAA tournament is telling of Bennett's incredibly successful tenure — 188-83 record as Virginia's head coach.

(Photo by Justin K. Aller/Getty Images)

Avery Johnson, Alabama

School pay: $2,899,497
Total pay: $2,899,497

The former NBA Coach of the Year is now turning around a program that has almost always been overshadowed by its football counterpart. Johnson's school pay reflects a change in Johnson's "talent fee" — which is the amount paid in addition to base salary as consideration for a range of services and personal rights provided by the coach, according to USA Today.

(Photo by Andy Lyons/Getty Images)

Frank Martin, South Carolina

School pay: $2,850,000
Total pay: $2,850,000

Frank Martin is no stranger to the dance. He was named the Big 12 Coach of the Year in 2010. And, more notably, he led South Carolina to a downright miraculous path to a Final Four in last year's tournament.

(Bob Donnan-USA TODAY Sports)

Buzz Williams, Virginia Tech

School pay: $2,750,000
Total pay: $2,750,000

Williams left Marquette after the 2013-14 season to become the head coach of the Hokies. Considering the level of competition in ACC basketball, being the third highest-paid coach in the conference has quite some pressure.

(Photo by Michael Hickey/Getty Images)

Cuonzo Martin, Missouri

School pay: $2,700,000
Total pay: $2,700,000

After going through a swarm of athletic department issues in Columbia, Mizzou has finally seemed to find an answer in Cuonzo Martin. That said, advancing your team to the NCAA Tournament is certainly a fair thing to expect from a coach getting paid $2.7 million.

(Photo by Brian Rothmuller/Icon Sportswire via Getty Images)

Dana Altman, Oregon

School pay: $2,700,000
Total pay: $2,700,000

Oregon is no stranger to massive contracts, given their exclusive partnership with Nike. Altman has 187 total wins during his stint in Eugene, Ore. And if he keeps adding to that total, the school will likely keep adding to his paycheck.

(Photo by Brian Rothmuller/Icon Sportswire via Getty Images)

Steve Alford, UCLA

School pay: $2,600,000
Total pay: $2,604,000

Alford has big shoes to fill, given UCLA's history as an elite college basketball program. With three appearances in the Sweet 16 over four seasons, Alford has yielded quite the ROI for Bruins fans.

Up Next: 23 Athletes Who Blew Huge Endorsements

(Photo by Ethan Miller/Getty Images)

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Salary information used for the reporting of this article was provided by USA Today. Coaches were ranked in order of their school pay, which excludes bonuses.

This article originally appeared on GOBankingRates.com: 17 Highest-Paid Coaches in the 2018 NCAA Tournament

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