[NU Sports] Coaching Merry-go-round (fwd)

[Hakirsch at aol.com]

In a message dated 11/27/2006 4:26:15 PM Pacific Standard Time, 
nolan at romaine.tssi.com writes:

> If you're used to making (and possibly spending) $1 million or more a 
> year, with lots of perks, a $3 million buyout really doesn't last all 
> that long.  
> 
> Start by chopping about half of that off due to taxes.  
> 
> Many coaches have set up foundations or support programs for kids, and
> those foundations and programs may not get funded if the ex-coach is just
> out 'getting a tan'.  
> 
> They still have mortgages and real estate taxes to pay (assuming they
> don't move out of town, which might actually increase costs in the short
> run), most of the time they have to go buy a car because the one they 
> were getting as the coach goes back to the dealership.  
> 
> Oh, and the big fees for speaking engagements tend to dry up after you're 
> fired, too.   Barnett was getting $25K to talk to a bunch of managers for 
> an hour or two about motivation, I doubt he commands half that fee these 
> days, if any groups even want him.
> 
> No, I'm not crying over Shula or any of his ilk being fired, and they
> aren't headed to the poorhouse overnight or living on Macaroni &Cheese, 
> but they don't take those jobs as sports commentators simply for their 
> health.
> 
> BTW, did anybody notice the article in USA Today on coaches salaries?
> Fitz wasn't on the list because Northwestern is a private school,
> but on a dollars-per-win basis, I think Iowa's coach rivaled Bobby
> Bowden this year. 
> --
> Mike Nolan
> 
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> 

True--but most of these guys resurface a year or 2 later at most , (Rick 
Venturi got an NFL head coaching job after being 1-31-1 at NU !) thus making more 
money than if they stayed(i.e double pay)  but they do have to re-locate their 
families.  

Harry