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This summer, the drama surrounding Mike Babcock drew my attention to the salaries of coaches in general. What factors play into how much money a coach earns? Babcock is known as a coach who’s won at every level. Are Stanley Cup wins a factor in what a coach gets paid? Maybe playoff wins? Regular season won-loss records? Something else?
Babcock’s contract – a mammoth 8 year long pact worth $50 million to coach the Leafs – brought the subject of coaching salaries to the forefront. At $6.25 million per season, Babcock earns more than double the annual pay of any other NHL coach with a publicly known wage.
For the Leafs, spending huge amounts of cash on team personnel makes sense – there’s no cap on coach salaries so that Leafs can wield their monetary advantage to sign the best bench boss available. For Babcock, it’s difficult to fault the long-time Red Wings coach for taking the big pay day. Beyond enriching himself (which he really, really did), Babcock has been very open about his desire to push coach salaries forward by setting a new standard. He probably didn’t imagine he’d earn more than Joel Quenneville and Darryl Sutter combined or that his term would extend three years past any other NHL coach. But, as perhaps the game’s best coach, the Leafs were willing to pay whatever was needed to pry Babcock out of Detroit.
But what types of thinking go into deciding how much a team is willing to pay its coach? Did Babcock earn the money because of his vast experience? Or maybe his excellent regular season record over a decade in Detroit? What factors correlate with coach salaries?