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re: Because people are stupid, our Governor feels coaching salaries should be capped

Posted on 1/26/18 at 9:39 am to
Posted by LCTFAN
New Iberia
Member since Mar 2013
2743 posts
Posted on 1/26/18 at 9:39 am to
Below is interesting read copied from article

So for example by 1981, Schembechler, who had the highest winning percentage of any coach during the 1970s, was being paid a little more than $155,000 in university salary and $130,000 for other contractual obligations, making his total compensation $285,771 (again in 2014 dollars).

Then in January 1982, Texas A&M, awash in oil money and eager to challenge the University of Texas for football supremacy in the Lone Star State, stunned the college football world by offering Schembechler the then-staggering sum of $250,000 per year in 1982 dollars, which would have more than doubled his salary. (This was equivalent to $611,790 in 2014 dollars).

Schembechler turned TAMU down (Domino’s Pizza king Tom Monaghan gave him a Columbus, Ohio franchise), but Pittsburgh coach Jackie Sherrill didn’t, inspiring this amusingly quaint article in the New York Times, which wrestles with the incredible proposition that any employee of a university could be paid a quarter million dollars per year. (Of course today even some non-sports-related university employees make millions).

From there it was off to the races. Nominal coaching salary milestones, with inflation adjustments:

Bobby Bowden: Florida State 1996: $1,000,000 ( $1,505,105 2014$)

Steve Spurrier: Florida 2001: $2,100,000 ($2,800,209 2014$)

Bob Stoops: Oklahoma 2006: $3,000,000 ($3,154,152 2014$)

Nick Saban: Alabama 2007: $4,000,000 ($4,555,777 2014$)

Nick Saban: Alabama 2014: $7,000,000

And now we apparently have an eight to ten million dollar man (I should add that as a Michigan football fan I heartily approve of this particular development, while sincerely deploring the overall system that has brought it about).
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