As we have already established in Part I of "Show Me The Money", college football is big business. Part I focused on how much money various universities spend on their college athletic department budgets.
Here are some of the big spenders (and some others) ranked by revenue just to remind you:
Alabama: Revenue: $123M
Texas: Revenue $120M
Ohio State University: Revenue $115M
Florida: Revenue $106M
Oklahoma: Revenue $77M
FSU: Revenue $73M
UCF: Revenue $39M
USF: Revenue $35M
(Note: Private institutions like Miami and Notre Dame are not required to report their financial data.)
No where is that spending discrepancy more clearly evidenced than in the salaries universities pay to head coaches an their offensive and defensive assistants all across the Country. In fact, coaches salaries account for an average of 33% of the overall athletic department budgets at major universities.
And in spite of tough economic times, over the last several years college football coaches salaries have increased at an alarming rate. The average coaches salary among the 120 major college teams has increased 28% in the last two years and 46% over the last three years. That's some serious cash flow and pocket change for a few wins and losses per year don't you think?
So, in Part II of this series we will focus on coaches' salaries for the haves and have nots in college football. We will also compare those with the college Presidents, Athletic Directors and Professors on college campuses throughout the United Sates with their respective head coaches. It is safe to say that you will be shocked, so let's start there.
According to research recently conducted by the USA Today newspaper here are the salary breakdowns:
A major university Athletic Director averages around $250,000 per year.
A major university professor averages around $115,000 per year.
So what does the average major D-1 college football coach make a year? A cool $1.35 million per year.
You don't have to be a math major to realize that is more than the President who runs the entire university , AND the average college professor AND the Athletic Director who hired the head coach make in a year combined! Colleges athletic departments are so flush with money that 25 head coaches made over $2 million per year in 2009, twice as many as just two years ago.
Bobby Bowden, FSU (Retired) $2.3 M
Frank Beamer, VT $2.1 M
Jim Grobe, Wake $2.1 M
Al Groh, UVA $2.1 M
Ralph Fridgen, MD $1.8 M
Butch Davis, UNC $1.7 M
Tom O'Brien, BC $1.2 M
Dabo Swinney, Clemson $800 K
Private institutions such as Boston College, Duke and the University of Miami are not required to report coaches salaries. So we do not know what coaches Spaziani, Cutcliff and Shannon actually make.
What we do know is that Randy Shannon is not one of those 25 coaches who makes $2 Million a year. It is estimated by various sources that Randy makes between $900 K and $1.5 M. So now, after three years as head coach at the University of Miami Shannon is hollering: "Show Me the Money!" as he attempts to negotiate a new contract extension with The U.
Here is what we found out from UM fans in our recent poll:
48% think Shannon should get a 3 year plan with a significant increase.
24% think Shannon should get a 5 year deal with a major increase.
18% think Shannon should get a two year extension with a slight increase.
Kirby Hocutt and Donna Shalala are you listening? What do U say???