espn reports kennedy takes A&M job

[jman2004]

Re: espn reports kennedy takes A&M job

Good points. Now, the nationwide job still pays 3X-4X as much, the job is more or less the same description AND you are guaranteed to be paid for 4-5 years salary, whether you're canned after year 1 or not. I agree with you that there is more than money, but well...that is life changing money. I think the biggest difference between your situation and the A&M/UNI situation is the guaranteed pay, basically regardless of performance.

Still, where are people getting 3-4x as much money from?

Jake is making $500,000 here and his salary only increases more and more each year.

The rumored money from A&M was 1.5 million and I strongly remind you that that was rumored. It was reported earlier that A&M's ceiling was 1.35 million.

Kennedy may get around 1 million. I also read 1.15 million.

That's not 3-4x as much money as Jake makes now. That's 2-3x as much. Maybe I'm nitpicking, but 3-4x is higher than what has been reportedly tossed around.

[Panther-Sheik]

Re: espn reports kennedy takes A&M job

IMO, once you are making $500K and up per year it isn't really about "taking care of your family" or "building a nestegg" anymore, and it is more about ego and what the money you are getting paid symbolizes. Athletes or coaches that want to be paid the extra $50K per year aren't holding out for it because "$1MM (or $10MM in some cases) just doesn't buy what it used to" but rather because it shows they are valued more than player or coach "X" who is getting $50K less than they are. It boils down to an ego boost and Jake doesn't strike me as an ego guy nearly as much as a values guy. For this reason I don't think it is impossible to think that he would turn down a job even though it simply pays more salary. I think the higher things on his priority list would be departmental support (i.e. ability to keep his assistants happy), resources to adequately recruit and program support from the university and public fanbase. With that said, we need to figure out how to pack the building game-in / game-out for a top notch basketball team next year and beyond and we might be surprised at just how long we can actually keep a great coach.

[casbern]

Re: espn reports kennedy takes A&M job

IMO, once you are making $500K and up per year it isn't really about "taking care of your family" or "building a nestegg" anymore, and it is more about ego and what the money you are getting paid symbolizes. Athletes or coaches that want to be paid the extra $50K per year aren't holding out for it because "$1MM (or $10MM in some cases) just doesn't buy what it used to" but rather because it shows they are valued more than player or coach "X" who is getting $50K less than they are. It boils down to an ego boost and Jake doesn't strike me as an ego guy nearly as much as a values guy. For this reason I don't think it is impossible to think that he would turn down a job even though it simply pays more salary. I think the higher things on his priority list would be departmental support (i.e. ability to keep his assistants happy), resources to adequately recruit and program support from the university and public fanbase. With that said, we need to figure out how to pack the building game-in / game-out for a top notch basketball team next year and beyond and we might be surprised at just how long we can actually keep a great coach.

This... 100%. kaboom.