University of Southern California football head coach Lincoln Riley was credited with nearly $10 million in base salary and a total of $19.7 million for the 2022 calendar year, the university’s new federal tax returns show.The document — provided by the school on Wednesday in response to a request from USA TODAY Sports — shows that in addition to the base amount, Riley was credited with just over $9.6 million in what the document terms “other reportable compensation.” This amount is likely connected to USC paying a $4.5 million buyout to the University of Oklahoma on Riley’s behalf, treating that amount as taxable income to Riley and then also paying the taxes that were due on that amount.
A USC spokesperson did not immediately respond to questions from USA TODAY Sports.
The new return is the first look at Riley’s pay from USC, which hired him away from Oklahoma in late November 2021.
The document also shows what USC paid to former defensive coordinator Alex Grinch, who accompanied Riley from Oklahoma. Grinch received nearly $2 million base salary and had more than $2.3 million in “other reportable compensation.” USC paid Oklahoma a $1.08 million buyout on Grinch’s behalf. Grinch was fired with two games left in the 2023 season.
In addition to the amounts for Riley and Grinch, the new return shows that USC paid former head coach Clay Helton nearly $4 million in severance in 2022. Last year, USC reported having paid Helton just over $900,000 in separation payments.
That means USC paid a total of $28 million in 2022 in connection with the employment of three football coaches, two of whom no longer work for the school.
This article originally appeared on USA TODAY: USC’s Lincoln Riley had total pay of almost $19.7 million in first year
Source link : https://sports.yahoo.com/southern-california-spent-nearly-19-225258628.html
Author : USA TODAY Sports
Publish date : 2024-05-15 22:52:58
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