What Program Would a BE Coach Leave For?

[stever20]

You would hope that the schools recognize that. You just hope the schools aren't thinking these 2 are going to be blindly loyal, and we can save some money on them. Because if that were their thought process, eventually there's going to be a job that overwhelms them.

McDermott just turned down a 3x raise to stay at Creighton. Coaches come and go. They aren't irreplaceable.

It also was in June, and some coaches have a problem with leaving programs that time of the year. It would have been interesting had he had that same decision in March or early April.

Also, I'm not so sure about your comment about Coaches come and go. With any coaching change, there's a risk. Even Butler, who is well known for hiring great coaches, had a dud in Miller. They got lucky that he had health problems quite frankly, and the damage he did was limited to just 1 season, and they had a guy like Holtmann waiting in the wings. You have a bad 3-4 year period, and it can take a lot longer to recover. Just look at St John's quite frankly.

If I'm a fan of X or Creighton, I'd much rather my school pony up the money to pay them fair market value, than take the chance of losing them, and having the unknown.

[CrawfishBucket]

You would hope that the schools recognize that. You just hope the schools aren't thinking these 2 are going to be blindly loyal, and we can save some money on them. Because if that were their thought process, eventually there's going to be a job that overwhelms them.

McDermott just turned down a 3x raise to stay at Creighton. Coaches come and go. They aren't irreplaceable.

I'm positive Creighton gave him a sizeable bump in salary. 100%.

A lot of the leaks we saw about Ohio State's interest in McDermott were strategic. They were definitely focused on Holtmann, even while interviewing McDermott.

McDermott was just a beneficiary and Creighton paid out. $$$ That's how it works.

[sciencejay]

You would hope that the schools recognize that. You just hope the schools aren't thinking these 2 are going to be blindly loyal, and we can save some money on them. Because if that were their thought process, eventually there's going to be a job that overwhelms them.

McDermott just turned down a 3x raise to stay at Creighton. Coaches come and go. They aren't irreplaceable.

I'm positive Creighton gave him a sizeable bump in salary. 100%.

A lot of the leaks we saw about Ohio State's interest in McDermott were strategic. They were definitely focused on Holtmann, even while interviewing McDermott.

McDermott was just a beneficiary and Creighton paid out. $$$ That's how it works.

It is truly fascinating how your thought process works. You are certain Rasmussen gave McD a sizable raise. So we're all waiting: how much more did he get? It may be hard for you to imagine that relationships matter to some in the business, but before McD interviewed with OSU, he called Rasmussen for advice. Ras told him he should meet with Smith because if he didn't, he'd always wonder 'what if'. After the interview the offer came and McD talked to his family and Rasmussen again, and he decided that he wanted to stay. Did Ras sweeten his deal? Maybe. But there has been no hint around here locally that that is the case. McD makes ~$1.2M/yr. This is his 7th season with CU, and he has made over $1M/yr each year. That followed four years at Iowa State where he made significant $$. In this part of the country, that kind of money makes you very well off and able to live a very comfortable lifestyle. You could get a brand new, 5000 sq ft home for ~$750K here. He considered their offer and decided to stay where his family has connections and where he loves his job life and family life. He can afford pretty much anything he wants. He works in brand new facilities with a huge banner of his son who won POY while playing for him. He has the resources to recruit nationally, and he has an excellent recruiting class coming in. He is king of the campus as far as sports are concerned. He's 52. Maybe, just maybe, he made a whole life decision to stay and not chase the $$.

Holtmann told OSU "No" when the offer was for less than 8 years, so when they interviewed and offered the job to McD, Holtmann was out of the running. They had been focused on Holtmann, but he said 'No'. So their focus changed. This commentary about using the McD interview to keep Holtmann in the game (or whatever) is completely inconsistent with any facts in the case. OSU offered McD over $3M/yr to be their coach! That sounds less like strategy to keep Holtmann and more like an offer to make McD the coach--oh wait, that's what it was!

Now Holtmann would be in a different personal financial situation than McD, wouldn't he? He'd been making good (~$1M/yr) money for just three years as head coach at Butler, so it seems that 8 years at $3M/yr guaranteed may have been more enticing to him. I think it's awesome that he was able to turn down 6 or 7 years at $3M per.

[Burrito]

The Big Ten conference has money to spend.

Recent hires:
Illinois hired Brad Underwood from Oklahoma State (6 years for $3 million per year)
Indiana hired Archie Miller from Dayton (7 years for $3.5 million per year)
Ohio State hired Chris Holtmann from Butler (8 years for $3 million per year)

[stever20]

The Big Ten conference has money to spend.

Recent hires:
Illinois hired Brad Underwood from Oklahoma State (6 years for $3 million per year)
Indiana hired Archie Miller from Dayton (7 years for $3.5 million per year)
Ohio State hired Chris Holtmann from Butler (8 years for $3 million per year)

yeah, that's a definite. And it's going to be even crazier going forward. Saw on CSN that there's talk that Michigan could get like 51 million in disro for the 2017-18 season. Folks say that 80% goes to football- but still- that's 51 million going into the program as a whole. Only so much you can spend on football.

[Fieldhouse Flyer]

The Big Ten conference has money to spend.

Recent hires:
Illinois hired Brad Underwood from Oklahoma State (6 years for $3 million per year)
Indiana hired Archie Miller from Dayton (7 years for $3.5 million per year)
Ohio State hired Chris Holtmann from Butler (8 years for $3 million per year)

Indiana’s Archie Miller becomes third-highest paid coach in Big Ten with $3.35 million per year deal – Land of 10/Indiana - March 27, 2017

The new Indiana coach is set to make $3.35 million per season in a seven-year deal, the team announced Monday. The deal would make Miller the third-highest paid men’s basketball coach in the Big Ten. Only Michigan State’s Tom Izzo ($4,006,955) and Ohio State’s Thad Matta ($3,372,000) make more per season, according to numbers obtained by Sporting News.

http://sports.usatoday.com/ncaa/salaries/mens-basketball/coach/ – 2017 NCAAB TOURNAMENT COACHES' PAY - USA Today – March 2017

5 - Michigan State - Big Ten - Tom Izzo - Total pay: $4,251,751 (Maximum bonus: $350,000)
7 – Michigan - Big Ten - John Beilein - Total pay: $3,370,000 (Maximum bonus: $250,000)

14 – Maryland - Big Ten - Mark Turgeon - Total pay: $2,577,054 (Maximum bonus: $445,000)
15 – Villanova - Big East - Jay Wright - Total pay: $2,540,958 (Maximum bonus: --)
16 – Purdue - Big Ten - Matt Painter - Total pay: $2,453,795 (Maximum bonus: $901,874)

25 – Providence - Big East - Ed Cooley - Total pay: $2,036,454 (Maximum bonus: --)
28 – Wisconsin - Big Ten - Greg Gard - Total pay: $1,753,445 (Maximum bonus: $400,000)
29 - Minnesota - Big Ten - Richard Pitino - Total pay: $1,678,812 (Maximum bonus: $600,000)

31 - Seton Hall - Big East - Kevin Willard - Total pay: $1,560,379 (Maximum bonus: --)
33 – Xavier - Big East - Chris Mack - Total pay: $1,420,479 (Maximum bonus: --)
35 – Northwestern - Big Ten - Chris Collins - Total pay: $1,340,664 (Maximum bonus: --)
38 - Marquette - Big East - Steve Wojciechowski - Total pay: $1,224,030 (Maximum bonus: --)
40 - Creighton - Big East - Greg McDermott - Total pay: $1,153,488 (Maximum bonus: --)
?? – Butler - Big East - Chris Holtmann - Total pay: -- (Maximum bonus: --)

Chris Holtmann's contract at Ohio State will be 8 years, $3.1 million per year - Cleveland.com - June 9, 2017

Ohio State’s offer to Chris Holtmann matches the $3.1 million per year that Dayton offered to Archie Miller before he left:

Dayton Flyers made aggressive push to keep Archie Miller – Dayton Daily News – March 25, 2017

The Big East conference also has money to spend on men’s basketball coaches’ salaries (due to the generous Fox Sports TV rights contract), and given the importance of men’s basketball to the Big East, its member institutions should probably be spending more money on rewarding good coaches.

[DudeAnon]

The NCAA sports bubble is about to pop. Internet killing TV deals + the inevitable student's union means those salaries are likely as high as they are ever going to get.

[stever20]

The NCAA sports bubble is about to pop. Internet killing TV deals + the inevitable student's union means those salaries are likely as high as they are ever going to get.

Folks have been saying that for years- about all of TV sports.

There is something still about a lot of folks watching sports on their Television and not on a IPAD or whatever.

I wouldn't go into things right now saying that there's going to be an inevitable student's union. With the republicans in charge, and with a chance to pack the Supreme Court, I don't think I would say any thing pro union is inevitable.

Also, I would say look at it. Fox and ESPN combined pay what 430 million now for the Big Ten. That gets them 100 basketball and 50 football games. Compare that to the high costs for professional sports- with in a lot of cases fewer dates. I think pro sports will be in trouble far earlier than college sports are.

[sciencejay]

The NCAA sports bubble is about to pop. Internet killing TV deals + the inevitable student's union means those salaries are likely as high as they are ever going to get.

I agree. With the likely upcoming reductions in media deals due to changing consumer habits (away from traditional cable outlets toward league/sport specific streaming platforms), this may be the high point for athletic department revenues and therefore coaches salaries.

[Novachap]

The NCAA sports bubble is about to pop. Internet killing TV deals + the inevitable student's union means those salaries are likely as high as they are ever going to get.

I agree. With the likely upcoming reductions in media deals due to changing consumer habits (away from traditional cable outlets toward league/sport specific streaming platforms), this may be the high point for athletic department revenues and therefore coaches salaries.

Yes, will have a big impact..... shows continuing / growing importance of endowments by alumni as a possible way to augment the University budgeted salary.