planomateo
Member
Dang, they are crazy in Wichita.
---------------------------------------------------
http://www.cbssports.com/collegebas...oney-what-does-33m-at-wichita-equal-elsewhere
When Gregg Marshall agreed to remain at Wichita State last week, CBS Sports' Gary Parrish reported he'd receive a new seven-year contract worth an average salary of $3.3 million per season -- already an eyebrow-raising figure that will place Marshall among the highest-paid coaches in college basketball.
But place that $3.3 million in the context of the Shockers' athletic budget and the Missouri Valley Conference as a whole, and forget "eyebrow-raising" -- it's enough to pop the eyes clear out of one's head. Per US Department of Education's figures, available here, Wichita State's reported total athletic expenses for 2013-2014 (the most recent available) were $21,842,821. Though obviously that total will increase once Marshall's salary is accounted for come the 2015-2016 university year, at that number, Marshall's $3.3 million would have accounted for a whopping 15.11 percent of the Shockers' entire athletic budget.
And as anyone familiar with the expenses and revenues of most Power Five athletic departments will tell you, by comparison, that $22 million doesn't represent much of a budget. Wake Forest is one of the smallest schools competing at the Power Five level, and per the Deptartment of Education*, even the Demon Deacons more than doubled the Shockers' spending at approximately $56.25 million. If Wake was paying either Danny Manning or Dave Clawson the same percentage of those expenses Wichita State will pay Marshall, they'd earn just under $8.5 million per season.
Again, that's at Wake Forest. What kind of salary would coaches get if they were paid "Gregg Marshall Money" at the country's heaviest athletic hitters earn? Let's find out together.
NICK SABAN, ALABAMA
School athletics expenses: ~$115.4 million
Marshall Money salary: $17.44 million
Saban's already recognized as the highest-paid coach in college football, but if Marshall's suitors in Tuscaloosa were paying him the same 15.11 percent of their most recent yearly expenses Marshall will earn at Wichita, he'd be getting a raise of some $10 million ... and his total won't even be the largest figure on this list.
JOHN CALIPARI, KENTUCKY
School athletics expenses: ~$96.3 million
Marshall Money salary: $14.55 million
Percentage-wise, the Shockers are showing Marshall even more love than Big Blue Nation is showing Calipari.
JIM HARBAUGH, MICHIGAN
School athletics expenses: ~$122.8 million
Marshall Money salary: $18.56 million
If Harbaugh doesn't think he's worth the $5 million he's currently earning, what would he say to a $13 million raise?
MIKE KRZYZEWSKI, DUKE
School athletics expenses: ~$79.5 million
Marshall Money salary: $12.01 million
At a reported current salary of $9.7 million at a private university which doesn't break the bank for football, Krzyzewski may be the coach who comes closest to matching Marshall's new salary on a percentage basis.
URBAN MEYER, OHIO STATE
School athletics expenses: ~$120.1 million
Marshall Money salary: $18.14 million
Just another piece of evidence that the reigning national title winner -- paid a relatively paltry $4.49 million in base salary in 2014 -- is due another raise? It's also worth noting that Marshall's new salary will be comparable even in raw terms to Thad Matta's ... even though Matta is a highly successful coach, paid by one of the country's most lucrative athletic departments at one of the country's largest public universities. Wichita State is Wichita State, and Ohio State is Ohio State, and yet the Shockers will pay its basketball coach around the same salary the Buckeyes will.
MARK DANTONIO/TOM IZZO, MICHIGAN STATE
School athletics expenses: ~$106.1 million
Combined Marshall Money salary: $16.03 million
Another indication of how unusual Marshall's new deal is: Dantonio and Izzo both rank among the highest-paid coaches in their respective sports, and Marshall's salary represents a bigger chunk of his school's recent budget than the two Spartans coaches do combinedin East Lansing.
SHAKA SMART, TEXAS
School athletics expenses: ~$145.98 million
Marshall Money salary: $22.06 million
22 million! Yeah, things are just a bit different in Austin than they are at VCU.
You get the idea from a numbers standpoint, but let's be clear about what those numbers are saying. It's not that any of these coaches are underpaid or overvalued, that any of themwill be underpaid or overvalued, or even that Gregg Marshall himself will be underpaid or overvalued at that $3.3 million salary. His new deal appears to be virtually unprecedented at the MVC level, but it's also true that his coaching may very well be a virtually irreplaceable commodity for the Shockers.
How do you put a precise monetary value on a Final Four? On an undefeated regular season? On thumping Kansas? If Wichita State can find the money -- and there's reasons to think they can -- it arguably makes far more financial sense to pay Marshall a huge fraction of its budget** than it does to pay half the coach half the salary.
Here's the only point: that for a school like Wichita State, $3.3 million a season (or anything close to it) is an enormous outlay, and on a percentage basis it represents an investment that even the richest college coaches in the country aren't close to matching. Shockers fans would universally agree Marshall is a one-of-a-kind coach; he now has the one-of-a-kind contract to match.
* The DOE's numbers aren't perfect and may differ from those appearing in other databases, but they appear to provide the most reliable figure for Wichita State -- and so for consistency's sake, they're used for the rest of the schools featured in this post as well.
** Perhaps the closest analogue to Wichita's new Marshall deal was the reported $1.2 million Brad Stevens was earning at Butler, a school with a substantially smaller budget than even that of Wichita State. The Bulldogs haven't been bad at all since Stevens' departure, but think Butler backers wouldn't have liked the chance to pay him even more to keep him from leaping to the Celtics?
---------------------------------------------------
http://www.cbssports.com/collegebas...oney-what-does-33m-at-wichita-equal-elsewhere
When Gregg Marshall agreed to remain at Wichita State last week, CBS Sports' Gary Parrish reported he'd receive a new seven-year contract worth an average salary of $3.3 million per season -- already an eyebrow-raising figure that will place Marshall among the highest-paid coaches in college basketball.
But place that $3.3 million in the context of the Shockers' athletic budget and the Missouri Valley Conference as a whole, and forget "eyebrow-raising" -- it's enough to pop the eyes clear out of one's head. Per US Department of Education's figures, available here, Wichita State's reported total athletic expenses for 2013-2014 (the most recent available) were $21,842,821. Though obviously that total will increase once Marshall's salary is accounted for come the 2015-2016 university year, at that number, Marshall's $3.3 million would have accounted for a whopping 15.11 percent of the Shockers' entire athletic budget.
And as anyone familiar with the expenses and revenues of most Power Five athletic departments will tell you, by comparison, that $22 million doesn't represent much of a budget. Wake Forest is one of the smallest schools competing at the Power Five level, and per the Deptartment of Education*, even the Demon Deacons more than doubled the Shockers' spending at approximately $56.25 million. If Wake was paying either Danny Manning or Dave Clawson the same percentage of those expenses Wichita State will pay Marshall, they'd earn just under $8.5 million per season.
Again, that's at Wake Forest. What kind of salary would coaches get if they were paid "Gregg Marshall Money" at the country's heaviest athletic hitters earn? Let's find out together.
School athletics expenses: ~$115.4 million
Marshall Money salary: $17.44 million
Saban's already recognized as the highest-paid coach in college football, but if Marshall's suitors in Tuscaloosa were paying him the same 15.11 percent of their most recent yearly expenses Marshall will earn at Wichita, he'd be getting a raise of some $10 million ... and his total won't even be the largest figure on this list.
School athletics expenses: ~$96.3 million
Marshall Money salary: $14.55 million
Percentage-wise, the Shockers are showing Marshall even more love than Big Blue Nation is showing Calipari.
School athletics expenses: ~$122.8 million
Marshall Money salary: $18.56 million
If Harbaugh doesn't think he's worth the $5 million he's currently earning, what would he say to a $13 million raise?
School athletics expenses: ~$79.5 million
Marshall Money salary: $12.01 million
At a reported current salary of $9.7 million at a private university which doesn't break the bank for football, Krzyzewski may be the coach who comes closest to matching Marshall's new salary on a percentage basis.
School athletics expenses: ~$120.1 million
Marshall Money salary: $18.14 million
Just another piece of evidence that the reigning national title winner -- paid a relatively paltry $4.49 million in base salary in 2014 -- is due another raise? It's also worth noting that Marshall's new salary will be comparable even in raw terms to Thad Matta's ... even though Matta is a highly successful coach, paid by one of the country's most lucrative athletic departments at one of the country's largest public universities. Wichita State is Wichita State, and Ohio State is Ohio State, and yet the Shockers will pay its basketball coach around the same salary the Buckeyes will.
School athletics expenses: ~$106.1 million
Combined Marshall Money salary: $16.03 million
Another indication of how unusual Marshall's new deal is: Dantonio and Izzo both rank among the highest-paid coaches in their respective sports, and Marshall's salary represents a bigger chunk of his school's recent budget than the two Spartans coaches do combinedin East Lansing.
School athletics expenses: ~$145.98 million
Marshall Money salary: $22.06 million
22 million! Yeah, things are just a bit different in Austin than they are at VCU.
You get the idea from a numbers standpoint, but let's be clear about what those numbers are saying. It's not that any of these coaches are underpaid or overvalued, that any of themwill be underpaid or overvalued, or even that Gregg Marshall himself will be underpaid or overvalued at that $3.3 million salary. His new deal appears to be virtually unprecedented at the MVC level, but it's also true that his coaching may very well be a virtually irreplaceable commodity for the Shockers.
How do you put a precise monetary value on a Final Four? On an undefeated regular season? On thumping Kansas? If Wichita State can find the money -- and there's reasons to think they can -- it arguably makes far more financial sense to pay Marshall a huge fraction of its budget** than it does to pay half the coach half the salary.
Here's the only point: that for a school like Wichita State, $3.3 million a season (or anything close to it) is an enormous outlay, and on a percentage basis it represents an investment that even the richest college coaches in the country aren't close to matching. Shockers fans would universally agree Marshall is a one-of-a-kind coach; he now has the one-of-a-kind contract to match.
* The DOE's numbers aren't perfect and may differ from those appearing in other databases, but they appear to provide the most reliable figure for Wichita State -- and so for consistency's sake, they're used for the rest of the schools featured in this post as well.
** Perhaps the closest analogue to Wichita's new Marshall deal was the reported $1.2 million Brad Stevens was earning at Butler, a school with a substantially smaller budget than even that of Wichita State. The Bulldogs haven't been bad at all since Stevens' departure, but think Butler backers wouldn't have liked the chance to pay him even more to keep him from leaping to the Celtics?
