When you actually see the numbers written down it is ridiculous. $3,000,000.00 for playing a game. Do doctors or engineers, who arguably have more important jobs, make salaries like that? A company can hire 60 people for 3 million a year.
College football coaches make to much money
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No offense, but if you think that then you don't understand the economics behind it. If these coaches weren't producing a massive ROI for the school they wouldn't be paid 3, 5, 7 million bucks a year.
The return on investment -- especially with marketing the school -- makes it all worth it. Not to mention if the coach is good enough to lead the team to major bowl wins, that's a lot of revenue for the school.
It's the same thing with actors and athletes. Those who get people to buy tickets and buy merchandise are paid well because they bring in a lot of money. It's why soccer players around the world have transfer fees in the tens of millions just to bring a player to a team. They do that because they know the player will bring in that much and much more.
It's the same thing with actors and athletes. Those who get people to buy tickets and buy merchandise are paid well because they bring in a lot of money. It's why soccer players around the world have transfer fees in the tens of millions just to bring a player to a team. They do that because they know the player will bring in that much and much more.
Keanu Reeves made like $125MM for Matrix reloaded. It's all about economics, supply and demand.
And Sergey Brinn is doing ok for an engineer.
And Sergey Brinn is doing ok for an engineer.
I agree in principle, and feel somewhat conflicted in supporting paying a coach in paying so much money. But what skoolie and lighty said provides the basis for why coaches get paid so much. However, in some instances, the pay is way out of line with the revenue produced. Incentivized contracts should be the way to go, but top tier coaches would probably not sign.
When was the last time Politi wrote an article about your doctor, or 30 For 30 did a special on a ceramic engineer, or you went with 50k other people, some of whom travelled 1,500 miles, to see your dentist? Apparently there's a higher value on consistent distraction than on occasional (bodily) repair work.
But comparing apples to apples (highest earners to highest earners), there are surgeons who make more than $3mm per year in greater numbers than head coaches.
But comparing apples to apples (highest earners to highest earners), there are surgeons who make more than $3mm per year in greater numbers than head coaches.
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It's fine to pay the salary but it's quite often these days an inefficient use of resources/money. The actor who gets paid, if the movie is a bomb at the box office was it worth it? The athlete who gets paid if he's a bust is it worth it?
Guys like Saban/Meyer I get or a national champion coach like Fisher/Miles. But these days guys with such short term success, even coaches I like, get these crazy raises with no proof of consistency. They all can't be winners and more times than not you're better off letting them go because you're not losing the next Saban/Meyer. Let them do it a few years consistently and I can understand it but just off one year? Well who the hell knows if it's just a fluke or a particular player/group of players that drove that success rather than the coach.
Guys like Saban/Meyer I get or a national champion coach like Fisher/Miles. But these days guys with such short term success, even coaches I like, get these crazy raises with no proof of consistency. They all can't be winners and more times than not you're better off letting them go because you're not losing the next Saban/Meyer. Let them do it a few years consistently and I can understand it but just off one year? Well who the hell knows if it's just a fluke or a particular player/group of players that drove that success rather than the coach.
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A good coach brings in tens of millions of dollar for school each. If anything the very good ones are underpaid.
Anyone who complains about what other people make doesn't understand human nature, natural selection, survival of the fittest and economics. They believe in communism: That all humans will work to their best ability and gladly accept compensation of the exact same rate. And the few can effecientley control the means of production.
We must watched those people very closely.
We must watched those people very closely.
Look out everyone...MozRU took econ 101 once and knows what's what!!!
LOL. Hilarious post.
Well thats only partially true. For one thing - the financials of CFB and colleges in general are a mess. Its hard to claim any ROI at all given the accounting except for the top top teams. The other is - there is alot more money to throw around since they cant pay the players the salaries that many of them would demand on an open market.
So yes - the answer is that coaches are basically beneficiaries of players not getting paid. That money has got to go somewhere, and since there isnt rigorous accounting, teams can often spend more than they should in an attempt to keep up.
LOL at Saban brining in BILLIONS. No - Saban has brought in some incremental improvement over a worse coach. But Alabama football the entity would make alot of those tens of millions even with an average coach - Saban is responsible for the increase over that.
There are a few doctors/professors at Rutgers that make over a million a year. And one that makes over $3 million. I am sure they must bring in ten of millions or more in Grants to Rutgers which is why they demand such a high price. The Football HC alone can bring in many, many , many times more their salary to the school.
Must you always try to take the other side of every argument? I'm not entertaining this. You're not close to correct on the few points you tried to make. I suggest you read this book.
Coaches are paid what the market will bear, so they're paid exactly what they're worth. Except Charlie Weis. @#$% that guy.
Billions, maybe not. But just yesterday there was a post with links to stories on Ohio State and Alabama how their recent success in football is increasing the profile of the school, leading to better academic candidates applying and raising the standards. Those things don't happen under John Cooper or Mike Shula. How much is that worth?
There is some where around 40,000 head coaching positions in the USA. When you consider that and then look at the percentage of P5 jobs available you're talking about a fraction of 1%. So the highest and most prolific jobs of an industry. When compared to other industries highest paid individuals head coaches aren't who we should be complaining about.
If you think they make too much then your anger should be pointed towards our culture as a society. Entertainment is a diversion and apparently our culture really loves to be entertained!
The winningest CFB program in the past 50 years in Nebraska. Got kicked out of AAU - #103 in US News. The top ten also includes Oklahoma, Alabama, and FSU. It includes Texas, who despite being the second most populous state, can't break into the US News top 50. Same with Ohio State - after all of these years of championship level FB and BB you think they would be a better school than Wisconsin and Illinois.Must you always try to take the other side of every argument? I'm not entertaining this. You're not close to correct on the few points you tried to make. I suggest you read this book.
In our own backyard - RUs athletics spending and FB success has increased and our rankings decreased.
But they arent because most athletics revenues end up back in athletics and the pittance that doesnt is a drop in teh bucket compared to the overall budgets.
Studies that have looked at it have shown that CHAMPIONSHIP level FB and BB can boost interest for a short period of time, and only by a modest amount. Considering that most championship level teams have been championships level teams for decades, they dont even get that benefit.
TV is changing this some as its flooding colleges with money. But the flip side is - RU is going to be making more money from TV than Florida State in a few years.
And like I said - it all comes at the expense of the players - big boost in revenue due to the general increase in TV payouts for sports, small boost in player compensation (and no boost in real compensation - its still the same degree it was in the past.).
But aside from all of that - yes - Im way wrong. Spending at extra $15 million a year on CFB is definitely going to make Rutgers into a great academic school. Oh wait - if it were that easy everyone would do it thus making it more expensive and less effective (not everyone can be a champ).
More to the point, the price is set by the small number of schools that see that return on investment. The rest justify paying that sort of salary based on a concept more than on any quantifiable return.
No, I think that other state workers and teachers are under paid and should be paid higher salaries. An IT professional can save hundreds of thousands of dollars for a university but their salary might be $70,000.00.
Can't a HC making $900,000.00 bring millions into the university just as well as a $5,000,000.00 one can?
I think people who have time to post on internet forums during the day are all paid too much. And people that aren't efficient enough at what they do to have enough free time to be able to post on internet forums during the day; they're paid too much too.
Pretty sure that covers just about everybody. Except me. I'm not paid nearly enough for what I do.
Pretty sure that covers just about everybody. Except me. I'm not paid nearly enough for what I do.
Most IT professional make less than $70,000 at an university. State workers do not make what their private counterparts make.
It depends on the particular job market. Universities in the New York job market pay more than those in Philadelphia, which pays more than those in Cincinnati. And the publics/state U pay more than the privates almost across the board. My wife and I (actually, even Wife No. 1, too) have spent the bulk of our careers in public and private higher ed, in different markets, so I know this well.
This is also very, very true. The top 34 college football coaches in the country (according to the USA Today chart: http://sports.usatoday.com/ncaa/salaries/) make $3 million or more. What do the top 34 highest paid earners in any field make?
tOSU made over 65 million in revenue last year in football alone
Meyer and staff are worth every penny
http://www.cleveland.com/ohio-sports-blog/index.ssf/2009/06/ohio_state_football_buckeyes_r.html
Meyer and staff are worth every penny
http://www.cleveland.com/ohio-sports-blog/index.ssf/2009/06/ohio_state_football_buckeyes_r.html
You're asking the HC to work as hard for less. As a human being he will do to things: Slack off and generate output of $900,000 (more losses = less donations from Alumni) or leave (as we see with a black market) and find a market earnings.
We saw this in communism and now in socialist states. No reason to work 100% because your neighbor is slacking off and making the same.
Yes, but not very long because someone is going to pay him a lot more if he's that good at his job.
Spoken like a true social darwinist. But the truth is that nothing is perfect in this life, including markets, which are often distorted or manipulated by those trying to line their pockets or by power players who distort markets unintentionally but do it nonetheless.
It's a joke and out of control. Saban getting $7.5 million a year at Alabama. Consider that those who are actually responsible for producing the income (television, tickets, etc) ...the players ...get a scholarship and a small stipend. No one is tuning in or paying for a ticket to see Nick Saban throw his juvenile tantrums on the sideline and listen to his ridiculously pious and hypocritical lectures.
Does Europe have the same issues as us at the collegiate level? They do have Olympic sports but anything that generates revenue is played at a minor league level (clubs). I believe that Europe subscribes more to a Patriot League mentality where athletic scholarships are forbidden and an athlete is truly a student athlete. You pay Meyer, Saban, Calipari and Krzyzewski a mint because they are running sports factories filled with rentaplayers. These factories produce 10's of millions in revenue and there lies your justification.
No one is saying any of that. What was said that you get a return on investment based on the success of a certain program. If that weren't the case then all of these schools wouldn't be spending the money they are spending on HCs. I guess they are all wrong and you are right though.
The value of anything is what someone is willing to pay for it. As a society, we place much greater values on things than they would certainly be worth in a minimalist world. If we were all living in bomb shelters after a nuclear holocaust, what would a can of beans be worth? Would you take a gold brick for it? What good would gold be to you at that point?
Adam Smith made a comparison in his book "Wealth of Nations" a long time ago between the relative values of diamonds and water. Diamonds were quite valuable while water was essentially free. His point, of course, was which was really the most valuable to us.
What entertainers (which include athletes and coaches) make can be insane, yet we have just come to accept it as the cost of doing business.
Adam Smith made a comparison in his book "Wealth of Nations" a long time ago between the relative values of diamonds and water. Diamonds were quite valuable while water was essentially free. His point, of course, was which was really the most valuable to us.
What entertainers (which include athletes and coaches) make can be insane, yet we have just come to accept it as the cost of doing business.
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