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Coaches Compensation

McDermott gets a guaranteed $75,000 per year raise for the life of his contract. Plus any bonuses he earns automatically becomes part of his anually future salary as well. He did not earn any bonuses this year, so he will be making $725,000 next season. The season after that will be $800,000 plus bonuses which will be part of the next season's annual package. Pretty sweet deal if you ask me, and it makes more sense than just paying 1.2 million right out of the gate.
 
I just can't believe they are paying him 1.2 million with a 7 year contract to a guy everyone went "huh? Lick who?". They must have been very desperate. The guy hit the lottery, wasn't he making $200,000 before?

This guy was like a kid in a candy store and giddy with excitement last night. They could have paid him $750,000 and he would have done it. The "Come on Dad it's Iowa" quote and forgetting his car at the finals kind of proves that.

IMO, they didn't learn much from the Alford situation because they have the potential to be right back in the same situation: a mid-major coach, a mediocre program, an overpaid coach and a long contract.
 
LivntheCyLife said:
I think it also has something to do with none of the money being earned being able to go to the players. If you can't attract players by paying them, the best way to attract them seems to be with a top coach and top facilities. I know the players get an education and some of them have a chance to make millions. However, sometimes it strikes me as crazy that the players may hardly have any spending money, but instead the money the player helps earn by playing goes to stuff like another plasma flat screen in the locker room or another bonus for the coach.
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Altman makes a million and Lowery is at $750k. The price to play in MVC.
 
didnt we give a big raise to larry after he took us to the elite 8. seems to me they should earn it. Most D-1 coaches are not exactly having issues supporting their families.
 
I think part of the reason EIU spent that much on him was because Alford got paid around 1mil and they wanted to stick it to him a little.
 
I just read that Colorado hired the Air Force coach, Jeff Bzdelik, and they are paying him $750,000 annually. This guy was head coach of the Denver Nuggets for 2 1/2 years and had a record of 50-16 with the Falcons. And, Michigain hired John Beilein from West Virginia for a reported $1.3 million annually. I still contend Iowa overpaid for Lickliter; he was more of a $750,000 per year hire.
 
To put his raise in perspective. Take whatever you make right now, and multiply it by 6. That would be your salary at Iowa.
I'd be making like $54,000 per year then!
 
All of you raging capitalists are going to yell at me for this, but the NCAA needs to implement some kind of a coaching salary cap for each sport or this arms race will get out of control and lead to the demise of collegiate athletics.

Seriously, how is a typical Division I athletic department supposed to fund its nonrevenue sports when it has to commit several MILLION dollars of its budget to pay only TWO head coaches (football and men's basketball)? I know, I know, it's all about supply and demand. But come on, there has to be a limit. How about establishing a salary ceiling for each sport (e.g., $750,000 for men's basketball head coach, $1 million for football coach, etc.)?

I know that such a thing will never happen for two reasons: 1) it probably violates the law, and 2) the most successful programs would never support it.
 
I for one would also need to be over compensated to be affiliated with the UI program. However, not sure if $1.2 million would be enough.:no6xn:
 
This is purely off the top of my head...but I'm pretty sure that UNI was gonna pay him $170,000ish if he would have stayed. His salary was slightly less, but UNI AD Hartzell threw a new package together quickly to try and entice him to stay. No way though was it competitive.
 
This might be a stupid question, but does our athletic department actually pay our coaches? They are state employees, doesn't that signify that they are paid with taxpayers money?
 
cloneaholic said:
All of you raging capitalists are going to yell at me for this, but the NCAA needs to implement some kind of a coaching salary cap for each sport or this arms race will get out of control and lead to the demise of collegiate athletics.

Seriously, how is a typical Division I athletic department supposed to fund its nonrevenue sports when it has to commit several MILLION dollars of its budget to pay only TWO head coaches (football and men's basketball)? I know, I know, it's all about supply and demand. But come on, there has to be a limit. How about establishing a salary ceiling for each sport (e.g., $750,000 for men's basketball head coach, $1 million for football coach, etc.)?

I know that such a thing will never happen for two reasons: 1) it probably violates the law, and 2) the most successful programs would never support it.
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You need to study how free markets work...they are quite efficient! I would encourage you to read or listen to Lawrence Kudlow as much as you can...he is a very eloquent free market capitalist!

Thank God for the United States of America where you are always worth whatever someone is willing to pay you...may it always be so!
 
cloneaholic said:
All of you raging capitalists are going to yell at me for this, but the NCAA needs to implement some kind of a coaching salary cap for each sport or this arms race will get out of control and lead to the demise of collegiate athletics.

Seriously, how is a typical Division I athletic department supposed to fund its nonrevenue sports when it has to commit several MILLION dollars of its budget to pay only TWO head coaches (football and men's basketball)? I know, I know, it's all about supply and demand. But come on, there has to be a limit. How about establishing a salary ceiling for each sport (e.g., $750,000 for men's basketball head coach, $1 million for football coach, etc.)?

I know that such a thing will never happen for two reasons: 1) it probably violates the law, and 2) the most successful programs would never support it.
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One other thing (and I am really not trying to be confrontational) but why should someone be able to arbitrarily set a cap on someone's compensation?

In your example above, you have arbitrarily set the caps of $750k for BB and $1 million for FB. Why these numbers...because you think that is "enough"?

I don't know what you do for a living, but let's say you are an engineer. How would you like it if someone arbitrarily decided that $40k per year was "enough" for an engineer and capped engineers pay at $40k?

The bottom line is that coaches get paid for production...wins=more revenue=bigger salary. Why should the FB coach at Notre Dame have a cap on his salary? He is responsible for the most important aspect (winning football) of keeping the revenue flowing (around $90 million a year according to reports at ND). I would say that his job would be "worth" more than the FB coach at ISU where the total athletic budget is around $30 million...but they are both supposed to make $1 million in your plan?

I say let the free market work!!
 
ISUboi12 said:
This might be a stupid question, but does our athletic department actually pay our coaches? They are state employees, doesn't that signify that they are paid with taxpayers money?
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The typical arrangement to pay a coach has a very small portion of the total paid by the athletic department.

The other components that add up to the "total package" include payments by the school's athletic booster organization (these are usually athletic oriented foundations today), media contracts (radio/tv shows), apparel/shoe deals (like our Nike contract), and other revenue sources such as camps and appearances.
 
The original point of the post is that Iowa quadrupled the salary to go from the Horizon conference to the Big 10. Is it possible that their AD, Mr Barta, may have panicked??? And threw money at the guy, who I think is a very good coach and will do well there, just to hire somebody that people may have seen during the Sweet 16. It reeks of Alford's hiring, a "hot" commodity flavor of the Spring type guy.

Obviously, they are in their honeymoon phase at this time, so everybody loves the guy. What happens if Tyler Smith leaves??? What will his reaction be the first time that he's criticized by the fans or media??? Those are the questions that need to be answered before we see if he was worth the payraise.
 
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