Posted on 02/07/2018 10:55:47 AM PST by blam
Suffice to say, Gene Smith is not a fan of the most recent spiraling upwards of coaching salaries in college football.
In prying Jimbo Fisher away from Florida State, Texas A&M is signed their new head coach to a 10-year, $75 million contract. In 2017, Nick Saban was paid $11.2 million, $2 million of which was deferred compensation, on a contract that will pay the future Hall of Famer an average of just over $8.1 annually.
Even for a man in charge of one of the most profitable athletic departments in the country, those numbers are unsettling. Or “ridiculous,” in the words of Smith. From OSU’s student newspaper, the Lantern, on the athletic director’s comments on the subject:
“I don’t even put Texas A&M in our sphere because I’m considering Urban [Meyer]’s situation with three years left on his contract,” Smith said during Ohio State’s Board of Trustees’ Talent and Compensation Committee meeting Thursday. “Talking with [Susan Basso, vice president of human resources] and [Joanna McGoldrick, associate vice president of total rewards], that’s not even someone that we’re comparing with because it’s so ridiculous.
“It’s the same way with Alabama and their total salary. Take it off the sheet because it doesn’t matter. Because it’s just no value to it. It’s a reactionary type of management.”
According to the USA Today coaching salary database, Urban Meyer was paid just north of $6.4 million last season as the Buckeyes’ head football coach. That total was fourth in the country, behind Saban, Clemson’s Dabo Swinney ($8.5 million) and Michigan’s Jim Harbaugh ($7 million).
Meyer still has three years remaining on his current contract, but certainly has earned the right to be paid in the same stratosphere as, at least, Fisher and Swinney
(snip)
(Excerpt) Read more at collegefootballtalk.nbcsports.com ...
I respectfully disagree. The booster money does not pay the salary of Jimbo Fisher at A&M. Boosters contribute to the “program” but that salary is directly from the School which is paid directly from tuition revenue and state support. Totally subject to Board approval. INSANE!!
The top college athletic departments are taking in 200 million, and most of that is from football.
http://sports.usatoday.com/ncaa/finances
You believe that the football coach’s salary comes from student tuition and the state? Of course not.
It’s my business because they get tax money from my state government and I pay tuition for one of my daughters to go there. I agree it’s ridiculous. Why are we paying so much for a guy to teach a bunch of kids - supposedly there for school - to play a game?
No I do not believe that. I absolutely know that.
Nick Saban is the most Underpaid public servant in the state of Alabama, based on what he returns to the University.
ROLL TIDE
Truly the best commercial ever. It’s actually not too far from the truth. Saban is worth whatever it takes. Roll Tide!
He needs to cut Meyer’s salary. He had no problem when he hired Meyers for what was a large salary at the time.
He’s worried about keeping up with the Joneses.
On the other hand, maybe he needs to pay Meyers what Michigan pays their coach.
Depends upon the university and state involved. The University of Florida set up the University Athletic Association in its early years. This group pays the coaches’ salaries, builds athletic facilities etc. from revenue generated from football revenue, along with other sources. The stadium and all athletic facilities are built with revenue generated by the sports (mostly football).
>>Texas A&M is so stupid they paid a coach that was 6 and 4 - 75 million
He was actually 5-6 at the time of his resignation though his team did win their final regular season game and bowl game. However, he won 10+ games in every season he was at FSU other than 2017 and 2011 when he won 9. That includes 3 seasons of 12+ wins and a national championship. We can debate whether that is worth 7.5 million a year, but if there is any stupidity here, it really rests with you either not knowing the facts or intentionally misleading others.
I agree that Sumlin’s contract extension was a poor decision by the board of regents, but those that actually negotiated it back then were the ones that paid his buyout. A&M itself is not on the hook for that.
Given your handle, I suspect you went to tech which explains you not knowing (or not posting) the entire factual situation. If tech could have afforded and actually been a place Fisher wanted to coach, you would be singing his praises regardless fo what he costs if you had him. So please, knock off the stupidity talk. Kingsbury at tech has been paid approximately $15 million over 5 years for 30 wins. 500K a win! Not to mention running off an eventual Heisman winner.
So tell me again about stupidity.
A&M could have had a 6 and 4 coach by hiring Kingsbery for 10 million— Not 75!! I have never seen such a bone headed move by supposedly educated people in paying 75 million to this mediocre coach. A&M is desperate to get in the second tier in football but they should not do so with tax payers money!!
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