It certainly pays to be one of the best coaches in college basketball. Just ask Jim Larranaga, who at 73 years old continues to see his wealth increase. Let’s look at Jim Larranaga’s net worth in 2023.
Jim Larranaga’s net worth in 2023 (estimate): $5 million
From turning George Mason into one of the greatest Cinderallas in March Madness history to leading Miami to the Final Four, Larranaga has put together an impressive career as a college basketball coach. Jim Larranaga’s net worth in 2023 sits at about $5 million, according to All Famous Birthday.
The Miami basketball coach is arguably one of the most underrated head coaches in college basketball. By leading the Hurricanes through the Midwest region of the 2023 NCAA Tournament, Larranaga has taken two different schools to their first-ever Final Four. Only 15 other coaches in history have led multiple teams to the Final Four.
Well before he got to Miami, Jim Larranaga proved that he was among the top NCAA basketball coaches. In 2006, Larranaga led No. 11 seed George Mason to the Final Four. In maybe the most improbable March Madness run of all time, George Mason was tied for the lowest seed to ever make a Final Four appearance. The Patriots defeated three Hall-of-Fame coaches during their historic run. George Mason and Larranaga took down Michigan State and Tom Izzo, Roy Williams and North Carolina and finally Jim Calhoun and UConn in the 2006 NCAA Tournament.
After spending 25 years as a head coach at mid-majors, Larranaga finally joined a college basketball program from a top-tier conference. Miami hired Larranaga in 2011, luring him away with a lucrative contract offer that George Mason couldn’t match. When he left for Miami, Larranaga had a contract with George Mason that ran until 2016. The deal included a base salary of $525,000 per year and incentives that could pay the coach more than $1 million per year. George Mason Athletic Director Tom O’Connor said that Miami was able to offer Larranaga more than that in guaranteed money.
Jim Larranaga’s salary in 2023: $2.562 million
Larranaga has a $2.562 million salary for the 2022-2023 college basketball season, according to the USA Today Sports database. Seven coaches who reached the 2023 Sweet 16 have a higher salary than Larranaga. Shortly before the start of the 2022 NCAA Tournament, Miami announced that it signed Larranaga to a two-year contract extension that runs through the 2025-2026 season.
In 12 seasons, Larranaga has led the Hurricanes to six NCAA Tournament appearances. Miami made it to the Elite Eight last year before finally reaching the Final Four this year for the first time in program history. Larranaga ranks 25th in NCAA Division-1 history with 697 career wins as a head coach. Only six active head coaches are ahead of Larranaga on the all-time wins list.
Before going 273-164 at George Mason, Larranaga had a 170-144 record as the head coach of Bowling Green. Larranaga is 255-148 in his career as the Miami head coach.
He might not be as well known as other coaches, but there’s no way around it: Jim Larranaga is one of the best coaches in college basketball. Larranaga took Miami to the Final Four and will try to lead the team to its first-ever national championship. Given the recent retirements of Williams, Calhoun, Mike Krzyzewski and Jim Boeheim, only a handful of active coaches have accomplished more in their careers than Larranaga. All that’s left is to cut down the nets in the final game of March Madness.
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