First, I echo the sentiment that we have been fortunate to retain Knight throughout Pikiell's tenure: A testament to Pikiell and how he must treat his assistants, to Knight's loyalty, to RU's willingness to increase his pay, and, if I guess, Knight possibly waiting for a P6 head coach position, or a HIGH MID-MAJOR head position.
My understanding is that Knight HAS been under consideration for other head coaching openings - but always lower level. I do not know if he had been offered and refused, or not been offered. For example, I would think that at this stage he would be much more "qualified" than was Jay Young, who got a head coaching gig (though a tough one).
I believe his current salary is pretty competitive with the salaries of MID MAJOR head coaches, and well above those of LOW LEVEL head coaches.
So ... see this link, from USA Today in 2024, a list of basketball head coaches' compensation:
https://sportsdata.usatoday.com/ncaa/salaries/mens-basketball/coach.
You can sort by several of the columns. I sorted by School-provided salary, initially, then by conference, to see what the range of pay was for various level conferences.
For example, some conferences ranges (not including potential or actual bonuses, JUST "total pay", which may not be the only source of pay):
ACC: Range from $1.6 mill to $4 mill school pay.
Big Ten: $2 mill to $6.2 mill (with many large bonuses above)
Big 12: $1.7 mill to $10 mill (Bill Self)
Big East - just 3 schools: $2 mill to $5 mill (Hurley)
Pac 12 (before it dissolved): $1.5 mill to $4 mill
SEC: $2.3 mill to $8.5 mill
Most smaller conferences only had 1-3 schools on this list. For example:
2 from the WCC - Gonzaga ($2.7 mill) and St. Mary's ($1 mill)
2 A-10 Schools (VCU - $1.7 mill; Loyola-Chicago - $530K)
American East (Vermont only - $375K)
Conf USA (New Mexico St - $530K)
MWC (3 teams, San Diego St - $2.3 mill, Nevada - $1.3 mill, Utah St - $900K)
Patriot League (1 team, Colgate - $517K)
My guess is that Low Major schools head coaches' pay may range from $200K to $400K, generally. Mid Majors have a wider range ... from lesser teams paying $300K to $600 K perhaps, while some of the schools within otherwise Mid Major leagues that are elite (like San Diego St, Gonzaga, et al and the upper echelon of the A-10, AAC, etc., from $750K to over $1 mill, or in rare cases like Gonzaga, San Diego St over $2 mill).
Here is a different link, with more lower level school salaries, from 2021:
https://www.panthernation.com/forum...basketball/714333-mid-major-coaching-salaries.
Point? Knight's current pay of $700K puts him above nearly all Low Major schools' pay scale, and a majority of Mid-Major school pay grade ... plus the measure of SUCCESS at many of those schools is very difficult to achieve, and you HAVE to dramatically succeed to move up to High Mid-Major and/or P6 schools.