Interesting, me thinks over-paid is all relative, Buzz is worth every penny and I wouldn't trade him for other coaches.....there is a TC connection too ;)
http://www.forbes.com/pictures/eddf45kfji/ten-making-too-much/ (http://www.forbes.com/pictures/eddf45kfji/ten-making-too-much/)
Their numbers are all eff'd up. Made up nonsense.
So Buzz makes more than Crean?
Quote from: muwarrior97 on March 18, 2013, 12:16:04 AM
Interesting, me thinks over-paid is all relative, Buzz is worth every penny and I wouldn't trade him for other coaches.....there is a TC connection too ;)
http://www.forbes.com/pictures/eddf45kfji/ten-making-too-much/ (http://www.forbes.com/pictures/eddf45kfji/ten-making-too-much/)
Financial compensation is correlated to economic value. Their metrics, on-court success, are not measurements of shareholder value contribution. They should be measuring the IRR. Forbes should know better but the writer is a journalist and not a capitalist.
Quote from: muwarrior97 on March 18, 2013, 12:16:04 AM
Interesting, me thinks over-paid is all relative, Buzz is worth every penny and I wouldn't trade him for other coaches.....there is a TC connection too ;)
http://www.forbes.com/pictures/eddf45kfji/ten-making-too-much/ (http://www.forbes.com/pictures/eddf45kfji/ten-making-too-much/)
By the way, Al understood contribution margin. That's why he looked up to the 4 corners of the Arena to see if those seats were filled. That was his measurement that he was doing his job. Simplistic but therein lies its beauty. Put out a great product and people will buy. Al understood that.
Quote from: Jay Bee on March 18, 2013, 12:20:50 AM
Their numbers are all eff'd up. Made up nonsense.
Exactly ... they said Buzz is one of the top 6 paid coaches in college basketball. Not true. No wonder they think he is overpaid.
Here is what they wrote:
Buzz WilliamsMarquette University
Seasons: 6
Salary: $2.8 million
Record: 132-68 (.660)
Tournament Appearances: 4
Final Fours: 0
National Championships: 0
Has done well at Marquette since his promotion from assistant to replace Tom Crean, who bolted for Indiana in 2008. It just doesn't quite add up to a top-six salary.
Quote from: keefe on March 18, 2013, 03:17:58 AM
Financial compensation is correlated to economic value. Their metrics, on-court success, are not measurements of shareholder value contribution. They should be measuring the IRR. Forbes should know better but the writer is a journalist and not a capitalist.
Any journalist that works for Forbes should also be a capitalist.
Part of the issue is that I don't think he has a $2.8M salary. He has a lower salary than that but as I recall, received a bonus of some sort.
None of these universities lose money on these dudes. They essentially pay their own way and then some.
Quote from: 4everwarriors on March 18, 2013, 08:14:01 AM
None of these universities lose money on these dudes. They essentially pay their own way and then some.
See http://www.youtube.com/watch?v=xokthY5zuPU
Quote from: AnotherMU84 on March 18, 2013, 05:49:51 AM
Buzz Williams
Marquette University
Seasons: 6
Tournament Appearances: 4
Can someone remind me what years buzz coached and we didn't make the tournament?
Quote from: RawdogDX on March 18, 2013, 10:55:44 AM
Can someone remind me what years buzz coached and we didn't make the tournament?
Ha! can't believe I didn't catch that
Quote from: RawdogDX on March 18, 2013, 10:55:44 AM
Can someone remind me what years buzz coached and we didn't make the tournament?
The year he was coach at UNO.
Quote from: Archies Bat on March 18, 2013, 11:00:25 AM
The year he was coach at UNO.
And evidently they are not counting this year's invite, probably because it was written before yesterday night.
Quote from: keefe on March 18, 2013, 03:17:58 AM
Financial compensation is correlated to economic value. Their metrics, on-court success, are not measurements of shareholder value contribution. They should be measuring the IRR. Forbes should know better but the writer is a journalist and not a capitalist.
Ahh, but that would require true research and an in depth article. Evidently, this was a fluff piece to attract web traffic during NCAA tournament time.
BTW, you're an NPV=0.
Perfect pic of Crean
Quote from: klyrish on March 18, 2013, 05:20:25 PM
Perfect pic of Crean
I love the female Barney Fife, too.
Quote from: The Sultan of South Wayne on March 18, 2013, 08:02:45 AM
Part of the issue is that I don't think he has a $2.8M salary. He has a lower salary than that but as I recall, received a bonus of some sort.
http://www.jsonline.com/blogs/sports/154187205.html
Marquette is one of the elite basketball schools in the country and supports its basketball to the hilt. We should all be thankful for the school's and alumni strong support of the program. Go MU!!!