I have to admit I was completely wrong about this team. After the UWGB and Florida losses I was a chicken little. I thought NIT and I was OK with it since I thought this was a rebuilding year anyway. But after what Buzz has accomplished this year and the recruiting class coming in, I hope he gets a huge contract extension. This would be a huge step for the program going forward into the new conference. A long lucrative contract would do wonders for the stability of program and future recruiting. It would also put to bed any speculation of Buzz and LW not being able to work together and that the hatchet would be buried. Congrats to Buzz and the boys on a great season and I will never question him again ;)
Hear hear - time for a 10+ year contract back end heavy
I love Buzz too, but how much more lucrative can it really be? I believe he's already one of the top 10 highest paid coaches, and most of the guys ahead of him have won national championships.
I didn't realize he was as high on the list as he is, but there is room to move up. I would go 3.5, but I don't pay his salary ;D
The Highest Paid College Basketball Coaches:
■Mike Krzyzewski – Duke: $4.7 million
■Rick Pitino – Louisville: $4,812,769 (Base salary $3.9 million, $912,769 bonus)
■Billy Donovan – Florida: $3.639 million
■Tom Izzo – Michigan State: $3,598,700 (Base salary $3.12 million, $477,800 bonus)
■John Calipari – Kentucky: $5,387,978 (Base salary $4.987 million, $400,400 bonus)
■Bill Self Kansas – $3.633: million
■Thad Matta – Ohio State: $2.854 million
■Buzz Williams – Marquette: $2.834 million
■Jim Calhoun – Connecticut: $2.7 million
■Rick Barnes – Texas $2.4: million
■Matt Painter – Purdue $2.325: million
■Tom Crean – Indiana $2.240: million
■John Beilein – Michigan $2.206: million
■Bo Ryan – Wisconsin $2.175: million
He gets a contract extension every year as it is.
Quote from: wadesworld on March 06, 2013, 11:02:21 PM
He gets a contract extension every year as it is.
Sounds like someone else who proclaimed himself a lifer...
Quote from: BenCat12 on March 06, 2013, 10:50:08 PM
I didn't realize he was as high on the list as he is, but there is room to move up. I would go 3.5, but I don't pay his salary ;D
The Highest Paid College Basketball Coaches:
■Mike Krzyzewski – Duke: $4.7 million
■Rick Pitino – Louisville: $4,812,769 (Base salary $3.9 million, $912,769 bonus)
■Billy Donovan – Florida: $3.639 million
■Tom Izzo – Michigan State: $3,598,700 (Base salary $3.12 million, $477,800 bonus)
■John Calipari – Kentucky: $5,387,978 (Base salary $4.987 million, $400,400 bonus)
■Bill Self Kansas – $3.633: million
■Thad Matta – Ohio State: $2.854 million
■Buzz Williams – Marquette: $2.834 million
■Jim Calhoun – Connecticut: $2.7 million
■Rick Barnes – Texas $2.4: million
■Matt Painter – Purdue $2.325: million
■Tom Crean – Indiana $2.240: million
■John Beilein – Michigan $2.206: million
■Bo Ryan – Wisconsin $2.175: million
Every name above Buzz has won a NC except Thad Motta, and tOSU made the FF last year. So yes it is easy to spend someone else's money but why should Buzz get a salary that is paid to guys that win NCs?
Quote from: AnotherMU84 on March 06, 2013, 11:09:58 PM
Every name above Buzz has won a NC except Thad Motta, and tOSU made the FF last year. So yes it is easy to spend someone else's money but why should Buzz get a salary that is paid to guys that win NCs?
Um, because we aren't going to get Jim Calhoun, Rick Barnes (thank god), Tom Crean, Beilein, Bo Ryan, etc...?
Given that we don't have blue blood pedigree, we might have to buy our way there.
Quote from: BenCat12 on March 06, 2013, 10:50:08 PM
I didn't realize he was as high on the list as he is, but there is room to move up. I would go 3.5, but I don't pay his salary ;D
The Highest Paid College Basketball Coaches:
■Mike Krzyzewski – Duke: $4.7 million
■Rick Pitino – Louisville: $4,812,769 (Base salary $3.9 million, $912,769 bonus)
■Billy Donovan – Florida: $3.639 million
■Tom Izzo – Michigan State: $3,598,700 (Base salary $3.12 million, $477,800 bonus)
■John Calipari – Kentucky: $5,387,978 (Base salary $4.987 million, $400,400 bonus)
■Bill Self Kansas – $3.633: million
■Thad Matta – Ohio State: $2.854 million
■Buzz Williams – Marquette: $2.834 million
■Jim Calhoun – Connecticut: $2.7 million
■Rick Barnes – Texas $2.4: million
■Matt Painter – Purdue $2.325: million
■Tom Crean – Indiana $2.240: million
■John Beilein – Michigan $2.206: million
■Bo Ryan – Wisconsin $2.175: million
All the guys at $3.5M have at minimum one title.
Quote from: ChicosBailBonds on March 06, 2013, 11:16:41 PM
All the guys at $3.5M have at minimum one title.
Hopefully Buzz will be making 3.5 soon....
Quote from: AnotherMU84 on March 06, 2013, 11:09:58 PM
Every name above Buzz has won a NC except Thad Motta, and tOSU made the FF last year. So yes it is easy to spend someone else's money but why should Buzz get a salary that is paid to guys that win NCs?
So we don't end up with Mike Deane or Bob Dukiet
Quote from: BenCat12 on March 06, 2013, 11:22:56 PM
So we don't end up with Mike Deane or Bob Dukiet
Mike Deane is retired and Bob Dukiet is dead. So, I think your worries are misplaced.
Quote from: AnotherMU84 on March 06, 2013, 11:27:11 PM
Mike Deane is retired and Bob Dukiet is dead. So, I think your worries are misplaced.
Thanks captain obvious.....
So Crean lost over half a mill a year by going to IU?
I didnt know he was making more than Crean, is that accurate? Either way with the success of Buzz and MU, no doubt that will have other schools making an offer to Buzz.
Quote from: raul on March 07, 2013, 12:00:03 AM
I didnt know he was making more than Crean, is that accurate? Either way with the success of Buzz and MU, no doubt that will have other schools making an offer to Buzz.
Just like they'll be making offers to Self, Izzo, Barnes, Calipari, etc., right.
You may want to update Tom Crean's salary info:
http://www.ibj.com/the-score-2012-11-14-crean-has-become-the-man-iu-cant-afford-to-lose/PARAMS/post/37911 (http://www.ibj.com/the-score-2012-11-14-crean-has-become-the-man-iu-cant-afford-to-lose/PARAMS/post/37911)
There's no way that list is accurate! Bo Ryan doesn't make that much, I thought he made half of that. Where is this list from?
Christ there football coach barely made that much
Quote from: AnotherMU84 on March 06, 2013, 11:09:58 PM
Every name above Buzz has won a NC except Thad Motta, and tOSU made the FF last year. So yes it is easy to spend someone else's money but why should Buzz get a salary that is paid to guys that win NCs?
+1000
Must convince athletic big men to come here first.
Quote from: AnotherMU84 on March 06, 2013, 11:09:58 PM
why should Buzz get a salary that is paid to guys that win NCs?
Why? Because we have to pay (overpay if needed) in order to keep top coaches here. That is just the way it is--like it or not. I don't care much for the alternative. Plenty of other schools wil pay Buzz today, and the last time I checked he has 0 NCs.
There are rumors flying around KC right now about a local coach who made some big errors in judgement. One of these top positions could open up.
Interesting that there are only 4 private institutions on that list.
Quote from: muwarrior69 on March 07, 2013, 07:44:14 AM
Interesting that there are only 4 private institutions on that list.
I only see Marquette and Duke. The rest are public.
Stand corrected thought Purdue and Louisville were private. What really stands out is that MU is the only non-football school on the list.
I don't think Buzz is paid that much in terms of salary. I think a good portion of this is a bonus.
Bo makes like $700-800k. Maybe the boosters and his Buick commercials add to to the $2.3?
Bo Ryan is also owed an enormous pension based on his high salary and being an employee of the UW system since 1976.
Quote from: Litehouse on March 07, 2013, 08:30:53 AM
Bo Ryan is also owed an enormous pension based on his high salary and being an employee of the UW system since 1976.
It's a good think Wisconsin's public pension system is fully funded because he is going to be getting some huge payments from that....
I just did a quick search of the state employee pension formula and it looks like they have caps and Bo has maxed out their system. $500,000 is the maximum eligible salary and 70% of salary is the max payout, so Bo is set for $350,000/yr for life.
I'll take that salary for life right now.
Quote from: We R Final Four on March 07, 2013, 07:11:40 AM
Why? Because we have to pay (overpay if needed) in order to keep top coaches here. That is just the way it is--like it or not. I don't care much for the alternative. Plenty of other schools wil pay Buzz today, and the last time I checked he has 0 NCs.
I sort of agree with this...
BUT, what is MU supposed to do? Give Buzz a bigger salary EVERY time he has a good season?
That's not sustainable for MU, and it's not sustainable for Buzz either. If MU makes him the highest paid coach in the country and he has a bad season, people will turn on him in an instant. People/fans are crazy like that.
Overpay? Sure.
A raise every year? A raise every other year? Probably not a good plan.
The old adage is that salary is generally what attracts people to jobs, but as long as they are paid something competitive, salary isn't going keep someone if they are unhappy. Therefore if Buzz leaves, no amount of salary is going to keep him here.
Marquette obviously has to be competitive and make a commitment on that level, which they have, but I'm with Guns...you just can't keep increasing the base to "make" him stay.
Quote from: Guns n Ammo on March 07, 2013, 09:11:25 AM
A raise every year? A raise every other year? Probably not a good plan.
Only if he's a mercenary ;)
Quote from: raul on March 07, 2013, 12:00:03 AM
I didnt know he was making more than Crean, is that accurate? Either way with the success of Buzz and MU, no doubt that will have other schools making an offer to Buzz.
I believe that your post shows a lack of knowledge of the finances of NCAA Division I Basketball. They are not exactly gold mines. There is a reason why basketball has been the poor stepchild to football in conference realignment. First, a school would need to buyout Buzz's current contract at MU. Then they would have to find a way to make a very sizable contract offer which would almost certainly have a high front end bonus. The only way that MU can pay Buzz top ten money is because a school donor was willing to commit to chip in on the cost. Will other schools be able to do the same?
The majority of BCS conference schools are
losing money on football. Can they also afford to pay their men's basketball coach so much that they lose money on basketball, too? Very unlikely. Will Buzz be able to offer assistant coaches as much as he can at MU? In order to get Chew away from Illinois, Buzz reportedly had to offer quite a bit above what he was authorized to offer an assistant, but LW went to the BOT and got it done. MU has sizable resources for its basketball program. It has access to an arena that allows them to sell 19,000 seats. It's located in a metropolitan area that is also fairly close Chicago, to draw additional fans from. With the new Big East, MU will receive as much basketball TV revenue as almost anyone, far more than most. There is a reason that Arkansas and Oklahoma came sniffing around and left without making an offer, and why Illinois didn't even try.
Quote from: LittleMurs on March 07, 2013, 11:20:54 AM
The majority of BCS conference schools are losing money on football.
I'm not sure that is an accurate statement.
Quote from: The Sultan of South Wayne on March 07, 2013, 11:22:56 AM
I'm not sure that is an accurate statement.
Here's one link
http://seattletimes.com/html/collegesports/2010103078_ncaa21.html (http://seattletimes.com/html/collegesports/2010103078_ncaa21.html)
"Twenty-five of 119 FBS schools reported overall profits, an increase from 19 in 2006.'
I thought I remembered in an earlier thread, someone was saying for a later year, 123 out of 125 were losing money.
The above quote concerned athletic departments overall. Here's the better quote which contradicts my point.
""Of the 119 FBS football teams, 68 (57.1 percent) finished the year in the black."
BUT
Here's another take on the 2006 numbers.
http://www.insidehighered.com/news/2008/05/16/ncaa (http://www.insidehighered.com/news/2008/05/16/ncaa)
"In the 2006 fiscal year, the latest of three examined in the study,
only 19 of the 119 Football Bowl Subdivision institutions had positive net revenue, while for the rest, expenses exceeded generated revenues. (For the entire three-year period, only 16 athletics department turned a net profit.)"
So how do numbers from the same year indicate
both that only 19 of the 119 Football Bowl Subdivision institutions had positive net revenue, AND
Of the 119 FBS football teams, 68 (57.1 percent) finished the year in the black
The later article suggests that the difference is accounted for by the universities subsidizing their football programs with funds from outside the athletic department. So, 49 (68-19) of the football programs that finished in the black only did so due to outside resources being pumped in to buoy their financial status.
Quote from: EnderWiggen on March 06, 2013, 11:14:14 PM
Um, because we aren't going to get Jim Calhoun, Rick Barnes (thank god), Tom Crean, Beilein, Bo Ryan, etc...?
Yes, I would hate to get stuck with a guy like Barnes. From 1988-2012 at three different schools, he only went to the NCAA tournament 20 times in 24 years -- including 14 straight seasons at Texas. He regularly coached his team to the Sweet 16 and beyond. He now has a nice young roster that he'll win with next season. Career winning percentage .660, including .699 at Texas. What an effin' stiff!
Quote from: ZiggysFryBoy on March 07, 2013, 08:26:53 AM
Bo makes like $700-800k. Maybe the boosters and his Buick commercials add to to the $2.3?
Couldn't you just walk over to his trailer and ax him?