(03-21-2020 08:55 AM)Dukester Wrote: (03-21-2020 08:26 AM)HyperDuke Wrote: (03-21-2020 07:57 AM)Top Dawg Wrote: (03-20-2020 09:59 PM)Hart Foundation Wrote: Something that Bourne and Alger have to answer for...
JMU has the 61st largest athletics budget in the country and #1 of any mid-major nationally.
https://sports.usatoday.com/ncaa/finances
If you look at schools ranked 55 to 65 as financial peers of JMU, how can they justify what JMU is paying its basketball coaches compared to others?
55 Cincinnati $1.5 million
56 Air Force $525k plus incentives - just got fired
57 San Diego State $855k plus incentives
58 Memphis $1.6 million
59 Houston $3 million
60 Colorado State $750k
61 JMU ?
62 Fresno State $550k plus $240k bonus
63 UNLV $1.1 million
64 Boise State $725k plus incentives
65 UMass $750k
If you look at JMU vs CAA schools, they crush them all in total athletics spending, but do not spend the most for the men’s basketball coach.
Do other hoops programs want to win more than JMU?
What do all of those other schools pay their football coaches? I thought JMUs athletic budget was so high because we are fully funding all sports.
Hart doesn’t support that equity. He thinks the other sports don’t deserve that $.
Huh?
Hart is questioning why we out spend other CAA schools for most, if not all sports, except men's basketball?
Simpler question. Why do we outspend every CAA school for football, but not basketball? Why wouldn't we invest in a more proven coach walking into a new arena?
This is not an equity question, it's more a lack of equity for Men's basketball -relatively speaking.
I agree. Given our total athletics budget, we should be able to come up with a couple hundred thousand dollars a year to draw a high-caliber coach, and I'm not saying that Coach B isn't one. That is yet to be proven. I hope he is.
Correct me if my math is off, but $250,000 represents less than half of one percent of our athletic budget, a tiny amount. We should be able to come up with that from a number of places. Heck, it is less than the athletic fees we would charge an extra 100 students. Or a couple dollar price increase of football tickets. Lots of other ways to come up with the dough too.
That little difference moves the head coach's salary from $450,000 to $700,000, much more in line with the spending of schools whose company we seek to keep. I just don't get the champagne taste and Natty budget thing.
The risk/reward just seems way out of whack going the El Cheapo route. The risk of going El Cheapo is totally destroying any hope we have of getting into the AAC, forcing us to continue playing football against the likes of Norfolk State and STFU. The reward - we save $1.5 million of over $300 million over a six-year period ($50 million annual budget), which my crappy laptop calculator says is one half of one percent.
I actually calculated our current annual athletics spending a few weeks ago. The data I had said student athletic fees are over $2,700 per student per year, which is 3/4 of the budget. At those figures, I calculated our 2020 budget at $66 million, multiplying the foolishness of the El Cheapo strategy.
As we all know, there is a lot more to it than that and with accounting shell games, the powers that be can make the budget say whatever they want it to say. I was going strictly off the hard data that I had.
El Cheapo is dangerous!