--- title: Retaining Top Coaching Talent with Proper Budget Management description: Properly planning an athletic department budget is a complicated and vitally important part of success. Make sure your insurance is setup properly to handle any situation. --- [Dissinger Reed](https://www.dissingerreed.com/) - [University Programs](https://www.dissingerreed.com/university-programs/) - [High School Programs](https://www.dissingerreed.com/high-school-programs/) - [Industry News](https://www.dissingerreed.com/industry-news/) - [Insights](https://insights.dissingerreed.com/) - [About Us](https://www.dissingerreed.com/about-us/) - [800-386-9183](tel:8003869183) - [Sign In](https://dissingerreed.securevdr.com/login.aspx) - [Request a Quote](https://www.dissingerreed.com/request-a-quote/) - [Contact Us](https://www.dissingerreed.com/contact-us/) - [University Programs](https://www.dissingerreed.com/university-programs/) - [High School Programs](https://www.dissingerreed.com/high-school-programs/) - [Industry News](https://www.dissingerreed.com/industry-news/) - [Insights](https://www.dissingerreed.com/insights) - [About Us](https://www.dissingerreed.com/about-us/) - [800-386-9183](tel:8003869183) - [Sign In](https://dissingerreed.securevdr.com/login.aspx) - [Request a Quote](https://www.dissingerreed.com/request-a-quote/) - [Contact Us](https://www.dissingerreed.com/contact-us/) - Search # Retaining Top Coaching Talent Posted by [Industry News](https://insights.dissingerreed.com/author/industry-news) - [Tweet](https://twitter.com/share) Planning an institution’s athletic budget can vary depending upon the program’s size, number of sports and the resources available. However, this does not stop institutions from trying to gain an advantage when it comes to obtaining and retaining top coaching talent. Contractual bonus insurance, as a part of a coaches’ contract, is a great tool to help motivate and maximize a team’s performance on the field of play. Coaches’ bonuses are normally a part of the expense side of the ledger. The implementation of a contractual bonus insurance program allows an institution to free up dollars to use in other areas. These types of programs, not only allow colleges and universities to pay for performance on the court or field but, also provide opportunities to incentivize coaches on the success of student athletes in the classroom. What needs to be considered when looking into this type of arrangement? Below, you will see areas of consideration when planning to roll out a program of this scope. Performance Standards: Criteria for a successful season in intercollegiate sports can vary. The competitive landscape can dictate what an institution is willing to contribute to the overall compensation package for a coaching staff. These standards need to be taken into account before obtaining a quote to cover the potential payouts. As an example, the following is a breakdown of the potential payout for a Division I men’s basketball coach in the event they achieve certain metrics set forth in their contract. Topics: [Industry News](https://insights.dissingerreed.com/tag/industry-news) ### Want more exclusive athletic insurance insights? ### Contact Toll-Free: 800.386.9183 Phone: 913.491.6385 Fax: 913.491.0527 [info@dissingerreed.com](mailto:info@dissingerreed.com) ### Visit 9200 Ward Parkway Suite 500 Kansas City, MO 64114 USA ### Follow [Facebook](https://www.facebook.com/dissingerreed) [Twitter](https://twitter.com/DissingerReed) [LinkedIn](https://www.linkedin.com/company/dissinger-reed) ### Dissinger Reed © 2019