Gillispie Stays at A&M

06-07 Basketball General NCS Basketball36

Arkansas official: Gillispie to remain at Texas A&M
By JEFF CARLTON, AP Sports Writer

We need to find a really good phrase to describe this trend of ratcheting salaries every off season:

Texas A&M officials would not discuss the terms of the new deal or say when an announcement might come. The 47-year-old coach makes about $1.25 million a year, but two Texas newspapers, citing unidentified sources, reported the new deal could be worth between $1.6 million and $2 million a year.

Texas A&M spokesman Alan Cannon declined to comment.

The $2 million figure would make Gillispie the highest paid coach in the Big 12, exceeding Rick Barnes’ $1.8 million salary at Texas and Bill Self’s $1.6 million at Kansas.

About VaWolf82

Engineer living in Central Va. and senior curmudgeon amongst SFN authors One wife, two kids, one dog, four vehicles on insurance, and four phones on cell plan...looking forward to empty nest status. Graduated 1982

06-07 Basketball General NCS Basketball

36 Responses to Gillispie Stays at A&M

  1. Dan 03/30/2007 at 12:38 PM #

    The only coach who cant pull this off is Beilein. You gotta wonder how much satisfaction it gives a fanbase to know their coach is only there because the buyout includes a poison pill in regards to income tax.

  2. noah 03/30/2007 at 1:01 PM #

    “The value of anything is what someone is willing to pay for it. So yes, a coach is worth $3 million dollars a year. If the person paying feels the return on their investment is paying off then they will stop paying. This is free market economics 101, something that is considered evil by many today but it is our system and it has worked pretty damn well for the last 230+ years.”

    I’ve never met anyone who considers it “evil,” but that’s not really important now.

    No one puts together $3 million contracts without considering return on investment.

    I’d guess that 90 percent of the basketball arenas at schools that pay $2 million and up hold between 18,000 and 22,000 seats. Syracuse is the outlier on the high end. Tex A&M may be the outlier on the low end. The average college basketball ticket costs…what…$30? You play how many home games? $17? Season tickets cost $510. So, athletic departments will gross max about $11 million of season ticket sales. Winning saaay…75 percent of your games will put you on TV (x) number of times. There’s another revenue source. Winning 75 percent of your games puts you in the tournament every year seeded most of the time in the top six in a bracket. So, that means you ought to be getting to the Sweet 16 (at least) most years and that’s another revenue source.

    And the big one is donations. Winning 75 percent of your games and being a regular two-week contestant in the NCAA tournament creates an excitement and a demand for tickets. At UK, they can require donations of a certain level in order to get a certain type of ticket.

    Every AD has to know how much money basketball needs to bring in to pay for gymnastics and cheerleading and swimming. We need to hit this point in order to raise this money and our expenses can’t go past here.

    This is VERY black-and-white. This is not “if so-and-so feels happy paying $3 million…”

    Rick Barnes is NOT worth $3 million at Texas. But he might be at UK. I dunno.

  3. primacyone 03/30/2007 at 1:43 PM #

    Is there where the Chris Wright scholarship came from?

    A must read regarding recruitment at Georgtown.

    http://www.nytimes.com/2007/03/30/sports/ncaabasketball/30georgetown.html?_r=2&pagewanted=1&oref=slogin

  4. MadWolf92 03/30/2007 at 2:14 PM #

    “The value of anything is what someone is willing to pay for it. So yes, a coach is worth $3 million dollars a year. If the person paying feels the return on their investment is paying off then they will stop paying. This is free market economics 101, something that is considered evil by many today but it is our system and it has worked pretty damn well for the last 230+ years.”

    Actually, that’s the *price* of anything. The *value* is subjective to whomever holds it, which is why sometimes two different people attribute two different prices to the same object. (A Viper just wouldn’t return $90k of value to me, much as I want one) And some pay more than the value they receive from it, because they don’t know better.

  5. MadWolf92 03/30/2007 at 2:16 PM #

    ^ That should say:

    “… why sometimes two different people attribute two different *dollar values to the same object. The price is whichever is higher.* … “

  6. lush 03/30/2007 at 3:05 PM #

    primacy,

    that was a very interesting article, how did that kid get in? that has to be some kind of violation.

  7. Rochester 03/30/2007 at 3:08 PM #

    I don’t want basketball players who can’t get at least a B in PE. Wow. That kid was quite a student. Too bad Jim Harrick’s not still coaching or Egerson might have a chance at a degree in basketball studies.

  8. Cedarblockhead 03/30/2007 at 3:16 PM #

    I know of a coach that always recruited kids with good grades.

    PS
    And he won too

  9. Clever_Wolf_Name 03/30/2007 at 3:35 PM #

    ^ Brad Brownell at UNCW?

  10. TNCSU 03/30/2007 at 3:37 PM #

    ^ Coach K??

  11. MrPlywood 03/30/2007 at 4:51 PM #

    How about “trickle-up coachonomics”?

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