Art Briles Extension

[CaneinAustin]

For those of you who care, Art Briles just signed a 10 year extension worth $4 million a year at Baylor (another private institution).

I think this goes to shows, that if push came to shove at Miami, that fact that we are private institution with a perceived lack of funds would not prevent us from paying Al a competitive market salary.

 

[4Canes]

1. Al is making a "competitive market salary"
2. The comparison is flawed unless you know Baylors endowment

 

[JHallCanes]

For a coach with a .500 record that has never won his conference, I would say Golden's salary is pretty ******* competitive.

 

[CaneinAustin]

Take it easy guys -- just an observation

Art Briles did go 8-16 in his first two seasons.

 

[M3N]

golden makes 7th most in ACC

 

[JHallCanes]

Take it easy guys -- just an observation

Art Briles did go 8-16 in his first two seasons.

You're right.

I think it's general consensus around here that if we achieve the level of success we should, we are still capable of paying Golden a top salary. Obviously some schools blow that curve out of the water, but I don't think we will have nearly as much trouble as some make it seem.

 

[hoops156]

lets win the ACC Coastal before we start talking bout giving ppl raises.

 

[CaneInHeelCountry]

golden makes 7th most in ACC

Which is about where he should be. Here's the coaches ahead of him:

FSU’s Jimbo Fisher ($2.75 million), won the ACC a couple times, been to a couple BCS games, has his team poised to play for an NC this year
N.C. State’s Dave Doeren ($2.555M), potentially over-paid, but did well at Northern Illinois, won his conference twice, went to 2 BCS games
Clemson’s Dabo Swinney ($2.550M), won the ACC, went to BCS game
Virginia Tech’s Frank Beamer ($2.541M), "
Georgia Tech’s Paul Johnson ($2.515M), "
Wake Forest’s Jim Grobe ($2.251M). "
Virginia’s Mike London ($2.189M)...well,I bet UVA wishes they were paying him less now...

Read more here: http://www.miamiherald.com/2013/11/08/3738352/miami-hurricanes-al-golden-makes.html#storylink=cpy

 

[hoops156]

golden makes 7th most in ACC

Which is about where he should be. Here's the coaches ahead of him:

FSU’s Jimbo Fisher ($2.75 million), won the ACC a couple times, been to a couple BCS games, has his team poised to play for an NC this year
N.C. State’s Dave Doeren ($2.555M), potentially over-paid, but did well at Northern Illinois, won his conference twice, went to 2 BCS games
Clemson’s Dabo Swinney ($2.550M), won the ACC, went to BCS game
Virginia Tech’s Frank Beamer ($2.541M), "
Georgia Tech’s Paul Johnson ($2.515M), "
Wake Forest’s Jim Grobe ($2.251M). "
Virginia’s Mike London ($2.189M)...well,I bet UVA wishes they were paying him less now...

Read more here: http://www.miamiherald.com/2013/11/08/3738352/miami-hurricanes-al-golden-makes.html#storylink=cpy

surprised that beamer doesn't get paid more. he built that program and they've done well in the ACC.

 

[AUcane]

What was NC State thinking making Dave friggin Doeren the 2nd highest paid coach in the conference?

 

[4Canes]

Take it easy guys -- just an observation

Art Briles did go 8-16 in his first two seasons.

Nothing to take it easy about, but you can't just compare two schools without some pretty important information.
Miami and Stanford look similar from the outside until you see that Stanford has an endowment of 18.7 billion.:eekeyes:

 

[Ernie McCracken]

Baylor has a lot of money

 

[cowboycane]

Baylor has alumni with oil money, which as we all know is a different kind of money. As Chris Rock would say, they are WEALTHY.

But the same school of thought applies...if you show them something, they are willing to pony up. If Al has us back winning big, which we are getting closer to, then he will be rewarded. Period.

 

[LuCane]

What was NC State thinking making Dave friggin Doeren the 2nd highest paid coach in the conference?

The answer to your question may come up next year. We'll see if he can get NC State executing his stuff, but the guy has interesting concepts. I've [wildly] speculated that Brissett will compete for Conference Player of the Year.

 

[dookie blaylock]

baylor is the oldest college in texas and was founded before they joined the union (a full 80 years before um was founded). they've also got a ton of boosters with oil money that love football. we don't have those resources.

 

[CaneInHeelCountry]

1. Al is making a "competitive market salary"
2. The comparison is flawed unless you know Baylors endowment

Agree on #1.

As for #2, it's not about a university's endowment. That stuff is strictly for academics/facilities/faculty. Athletic departments are generally self-sufficient units, paid for by way of donors and ticket sales. The Athletic dept may occasionally ask for funds from the university's coffers, but that amount is usually small, just enough to cover any gaps in operating costs; they can't and don't depend on the university endowment for the bulk of their funding.

This is why you always see separate funding drives for athletics vs the general overall university.

As for Baylor, they have a lot of big-money donors. They're in the midst of building a nice new on-campus stadium funded exclusively by donors, the most significant of which is the owner of the Houston Astro's, who reportedly gave somewhere around 200 mil. So it shouldn't come as a shock that they can afford to pay Briles good money.

UM doesn't have a donor on the level of the Astro's owner, and most of our big-money alumni don't care about sports. That said, we'll have no prob opening up the purse strings if Golden succeeds here. I'm sure we could pay him up to 3 mil or better if he can get the team to an ACC champ and a BCS bowl game in the near future.

 

[3FW]

How does the Herald know what he makes?

 

[CaneInHeelCountry]

How does the Herald know what he makes?

The Herald was reporting on a list from USA Today. As for how USA Today knows, your guess is as good as mine; I know UM's a private school and generally does not provide salary info, but the number jives with what has been leaked previously. That is to say, I'd read in various articles when Golden received his extension last year that it was a little north of 2 million/yr.

 

[FullyERicht]

Endowments have nothing to do with coach salaries. Miami has a larger endowment than Bama, FSU, USCe, Clemson, Ole Miss, Auburn, Okie State, LSU, Oregon, WVU, KSU, Miss State, and Maryland.

Endowment size has little to no correlation with football success or spending.

 

[umhurricano]

1. Al is making a "competitive market salary"
2. The comparison is flawed unless you know Baylors endowment

Agree on #1.

As for #2, it's not about a university's endowment. That stuff is strictly for academics/facilities/faculty. Athletic departments are generally self-sufficient units, paid for by way of donors and ticket sales. The Athletic dept may occasionally ask for funds from the university's coffers, but that amount is usually small, just enough to cover any gaps in operating costs; they can't and don't depend on the university endowment for the bulk of their funding.

This is why you always see separate funding drives for athletics vs the general overall university.

As for Baylor, they have a lot of big-money donors. They're in the midst of building a nice new on-campus stadium funded exclusively by donors, the most significant of which is the owner of the Houston Astro's, who reportedly gave somewhere around 200 mil. So it shouldn't come as a shock that they can afford to pay Briles good money.

UM doesn't have a donor on the level of the Astro's owner, and most of our big-money alumni don't care about sports. That said, we'll have no prob opening up the purse strings if Golden succeeds here. I'm sure we could pay him up to 3 mil or better if he can get the team to an ACC champ and a BCS bowl game in the near future.

True but endowment is a good proxy for booster giving power. There is generally an athletic foundation that handles athletic donation separately Ii.e, directed gifts) but may even be counted in total endowment.

In the end it functions like a state lottery: politicians tell you the lottery will go to education, which is true, but then they cut the amount of tax revenue that goes to support schools. Similarly, while the athletic department is self-sufficient, part of the revenues go to the school. By increasing giving, more of the tv, ticket, and merchandise revenue can be put towards academics.

The decision is really cost/benefit: will hiring a coach for more money increase football profits more than the cost of the coach's incremental salary from the previous coach. I like Shallala, but I don't think the earning power of our fans gives her much room to sell a $4m a year contract. As has been proven by our recent school wide fund raising, football performance has little impact on whether we can raise $1b for academics. I bet there is a greater correlation between football performance and fund raising at Baylor.