*** COACHING SEARCH THREAD: Sunday, June 7 ***
- Thread starter ChrisMWilliams
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$1M/year is not a lot for an established P5 coach who has been to the tournament, especially when you're making a jump. In any industry, making a jump to another company is an automatic raise.
If you're a P5 guy with a good track record and have had some at least decent teams of late, there's no way in hell they're going to leave their comfortable positions without a nice raise.
I am sure I am not alone in just going over the list of all D1 coaches? I hate guessing names at the risk of jeopardizing even the smallest chance. But a lot of guys that would be a susrpsise hire.
IF we genuinely are offering some candidates $3 to $4 million and pursuing earnestly, we really have done all we we can to keep this this rolling.
IF we genuinely are offering some candidates $3 to $4 million and pursuing earnestly, we really have done all we we can to keep this this rolling.
Just so we are clear, a $1 million per year raise. For my example, say Jay Wright goes from his current $2.7 million (he's in the last year of his deal I believe) and goes up to $3.7 or $4 million.
That's an enormous raise.
That is 33% of the entire spread of coaching salaries in the country minus the top 5 coaches who would all be HOFers if they retired today.
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And? Established guys are not jumping in June to a program with a good team but huge holes in the upcoming years for only 500k to $1 million. We will need to pay above market value with a fairly large compensating wage to get them to jump imo
But we might have to overpay to get a 'name' coach on June 7th. Let's just say that someone like Mike Brey (since I've been focused on him for a while) is willing to talk for an extra million a year. I think you have to offer it.
My point is, yes they would.
When the entire earning potential for your profession is for all intents and purposes $3 million, and at most $4 million in all reality, a raise of $1 million per year is a huge amount.
Pretend you're at a school and have taken them to 4 NCAA tournaments in the last...7 years. Now pretend a school from a P5 conference who has 4 straight 23+ win seasons comes calling you and asks you to jump ship. You know this school wants to continue its success and you also know that there aren't many others out there like you who would be willing to do it. Would you demand more money as you know the demand for you is a lot greater? Many would, and they take more risks. This is not like you or I jumping to some new corporation and them giving us a 10% raise. The stakes here are a lot higher and some of these established coaches are able to play more with the money game.
If you don't realize that these coaches KNOW they can demand a huge raise, then you ..well..need to realize it frankly because it happens quite a bit. Hell, I've done it at job interviews before just looking around. I knew I was secure in my job but just wanted to see about other things. I have a friend who more than doubled his salary in a year this way. No joke - he even told me he just threw out a ridiculous number and was absolutely shocked when the company actually agreed to it.
I am under the impression that these coaches are not in the category. These are guys we would be extremely excited about if we hired them and they'd be worth the money. Once you go down the list even a little bit you get to the Prohms, the Underwoods, ect. I doubt those type of guys are who we are talking about.
I don't think any of that applies to this whatsoever.
If I'm coaching a mid major team and a P5 team opens up with a top 5 roster and they offer to increase my pay $1 million per year past what my tiny school will pay, and I can afford a couple losses in the regular season and still get a good seed, along with getting a great supportive fanbase, I'd take that raise because it doesn't get much better.
Except it does. It's simple economics. When someone is in a comfortable position and know they aren't going to lose their current job, they have more room to play with ESPECIALLY when they know they're at the top of the class and the other people interviewing them are far below their skillset. As someone who actually hires other people, I can tell you with certainty that it applies here as well as anywhere/anything else in the world dealing with high profile jobs.
Shaka Smart was the hottest coach in the entire country, and his raise going to mothereffing Texas was only $1.5 million after years and years of schools trying to grab him.
ISU isn't offering $2 million more to a middle of the road P5 coach.
ISU isn't offering $2 million more to a middle of the road P5 coach.
The guy who runs Brewster academy was pretty much lobbying for TJ. He seems to have a lot of support within the program along with outside of it too
No, they would use it for negotiations, have the gap closed, and send JP a thank you.
Name a P5 coach that has made a lateral, and in most of those cases a step down, in June for anything but a huge increase in pay. Guys at programs like Michigan, Pitt, and NC St are not moving to ISU in June without an insane pay increase. One so large that they could not get the same increase by waiting until next March.
The $3 or $4 million number is to basically do what we would be doing for a midmajor- double their pay.
I never said it happens all the time. I said that more high calibur guys have room to demand more money during negotiations as they know if they don't get the job, they still have their current job anyway. You don't think these guys know that a bunch of mid major coaches have interviewed and know they're much better candidates and have reason to demand more money as well?
Give me an example of a P5 coach at a better program jumping in June for anything 500k to $1 million.
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