Will an 8 million university football coach ruin football or will football ruin the university.

[CK_John]

IMO, the university is at a dangerous fork. With 1/2 of college graduates unemployed or underemployed and unable to pay to repay their student loans, the university may not be as needed as they think of them selves.

I have asked before, will Princeton be here in 5 yrs and I not kidding. For profit diploma mills are taking all the oxygen out of the tradition university and pushing 8 million salaries for football coach at the expense of minimum wage teacher adjuncts is not the way to survive.

[FSogol]

1. In 2011-2012, Michigan spent $23,640,337 on football. Football revenues that year were $85,209,247

Adding $8 million a year to the cost won't change the equation much.

Article on it here:
http://www.forbes.com/sites/aliciajessop/2013/08/31/the-economics-of-college-football-a-look-at-the-top-25-teams-revenues-and-expenses/

[alp227]

2. Also, athletic boosters foot much of the bill for coaches' salaries. nt

[FSogol]

3. Hiring a big time coach will make the money pour in regardless of how the team performs. n/t

[tularetom]

6. Leaving a relatively low profile conference like the ACC and joining the Big 10

should do the same thing.

Hypothetically, of course. I have no specific examples in mind you understand.

[FSogol]

15. Heh. The ACC is a low profile conference? In what universe?

BTW, Maryland had about 250 million reasons to join the Big Ten.

[Art_from_Ark]

7. It didn't seem to work all that well when Arkansas hired Lou Holtz

[FSogol]

16. Yeah, 6 bowl games in 7 years really sucks.

The Harbaugh deal might not work out either, but in the short term it looks like a good move by Michigan.

[Art_from_Ark]

18. There was a lot of friction between Holtz and the football program

Lou didn't like being so far from a "big city" (Tulsa). As for Frank Broyles, who was Arkansas' athletic director at the time,

"Holtz was dismissed following a 6–5 campaign in 1983. At the time, Athletic Director Frank Broyles stated that Holtz had resigned because he was "tired and burned out", and was not fired.[7] Broyles testified 20 years later that he had fired Holtz because he was losing the fan base with things he said and did.[8] Holtz confirmed that he had been fired, but that Broyles never gave him a reason,[9] although reports cited his political involvement as a major reason: controversy arose over his having taped two television advertisements from his coach's office endorsing the re-election of Jesse Helms as Senator from North Carolina at a time when Helms was leading the effort to block Martin Luther King Day from becoming a national holiday"

http://en.wikipedia.org/wiki/Lou_Holtz

[sakabatou]

4. I keep wondering in my head why they pay the coaches so much more than the teachers

[QuestionableC]

8. Did you miss the 80 million in revenue?

That's why.

[sakabatou]

22. Yes, I know it's all about the revenue

[JonLP24]

14. Supply and demand

It is harder to replace and/or find a big time head coach than it is a teacher. A teacher could demand Harbaugh's salary but the University will probably find someone else willing to teach for less.

[CK_John]

17. And only 25 minutes from Detroit, probably would find a lot of teachers who need a job.

Negative PR is hard to price.

[Art_from_Ark]

5. I don't think Princeton has anything to worry about

Five years from now, it will still be a prestigious Ivy League school that will have much more influence with potential employers than a piece of print-out from a diploma mill.

[tammywammy]

9. Yeah, is pretty silly to think that Kaplan or University of Phoenix will be more credible

than Princeton. Just silly.

[CK_John]

11. University of Phoenix has 328,000 students currently enrolled and as

the largest for-profit school in the country, has been around since 1976 and an estimated 700,000 alumni.

Combined the elite universities can't come close with these numbers.

[tammywammy]

12. More students doesn't mean more credible or desirable.

Plus look at their drop out rates.

[CK_John]

13. When productivity only provides 50% of the jobs there is less real need for universities.

When a diploma mill serves the same as the Ivy League for no questions asked and far less time, the Ivy League is in trouble.

[Krytan11c]

19. Endowments

Ivy League schools have more than enough in the endowment funds to continue operating.

Diploma mills are not going to take the place of universities. They cost way too much for very little gain.

Do you really believe that a resume with Princeton graduate on it means the same as one with university of phoenix?

[lancer78]

20. Also

with all the knowledge in the world at my fingertips through the internet, one can gain the same knowledge that an Ivy League student had access to 20 years ago. There really is no difference when explaining the law, or rules of business, or statistics between Harvard or University of Phoenix. The true value in an Ivy League is the value of connections made.

[FSogol]

23. "Is Pretty Silly to Think: The CK John Story" tonight at 8:00 on the History Channel!

[MohRokTah]

21. .