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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 BilJ
Posted on 1/26/18 at 9:39 am to BilJ
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).
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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