Biography & Early Wealth Journey
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Weis did coach at Kansas for a little more than two seasons, but was fired last fall after just four games. At the time of his firing, he was still owed $5.63 million according to his contract. And you'd better believe he's going to collect that money – the Associated Press reports Weis will be paid monthly, through December 31, 2016.
That's a grand total of just about $24.5 million… that's pretty impressive, particularly when you consider what Weis's successor and current Notre Dame coach, Brian Kelly, has earned during his time with the school: during the 2013 reporting period, he made $995,244 in base pay; through bonuses and other benefits, he took home $1,187,272. The year prior, when Notre Dame reached the BCS National Championship, Kelly's base pay was $698,140.
Primary Income Streams & Multi-Million Contracts
That means Kelly, who has been coaching the Fighting Irish since 2010, has made less in base pay for two years than Weis makes in one year of not coaching. Even accounting for bonuses and other benefits, Weis has brought home more money. Kind of reminds you of the guy who slacks off at work and still gets promoted, doesn't it?
And in case you were wondering, Weis makes more than any other athletic figure at the school, too. Athletic director Jack Swarbick, men's basketball coach Mike Brey and women's coach Muffet McGraw all earned less than $1.8 million during the 2013 reporting period. Simply incredible.