07-17-2014, 09:51 PM
(07-17-2014, 07:31 PM)PrinceLightfoot link Wrote:[quote author=FarmBoy link=topic=10204.msg92533#msg92533 date=1405633355]
Stymie - don't a lot of college coach salaries end up being paid by non-university sources? For example, at UCB, the fans like to remind us that Tedford's salary mostly came from outside doners and sponsors. Is that so different from Hennessy's wealth being funded mostly from outside sponsors who are in part paying for access to the university?
What Farmboy, pefloresjr, and Bobk said - Different pools of funding, so athletic costs do not divert funds from academia. Coaching salaries just like president, professors, staff, etc. salaries are determined by the market. Given Shaw and the coaching staff have accomplished incredible results without sacrificing academic performance, we retain our head coach at a bargain compared to the market price.
Stanford football has helped bring in a generous TV contract and three years of two BCS bowl payouts for the entire conference which awards the revenue equally among all PAC12 schools - in other words they pay for themselves and a whole ton more. Our coaching staff is absolutely worth every penny to our athletic department and our school that values balance and excellence in academics, athletics, and the arts. Achieving balance is easy.....excellence in any of those areas will cost you.
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And beyond the revenue metrics, the football program has become a national beacon of hope for those seeking athletic/academic/personal excellence. Mr. Hennessey oversees the overall Stanford effort to achieve excellence in a broad variety of fields. Each field has its own market dynamics which drive compensation levels. In each of these fields we try to hire the perfect individual to lead our efforts in their respective area. Mr Shaw is simply an example of our having found precisely the right person and we did so at a demonstrably below-market price.
"It's not what you don't know that gets you in trouble. It's what you think you know that just isn't so."
Mark Twain
