Bobcat Love's Sense of Shame
10/3/2023 1:40 PM
As you might expect, this article has elicited the obligatory outrage from some in the Athens community, even though his salary has been published prior to this.
I don't understand why Boals salary would elicit outrage from some folks. He's been to the NCAA tournament once and he's going to get Ohio back there again. He's worth every penny.
I would love to this discussion unfold in person. The outraged folks wouldn't even know what a tournament is. They don't like sports and are completely unable to wrap their mind around the value they provide to the university. They are people who think salaries should be about their personal perceived value of the work provided. Market factors, supply, revenue generation, etc. should not factor in at all for them.
I know about sport, market factors, supply, revenue generation, etc.
Can you justify Boals' salary using that insight? I struggle to, honestly. But there's data o don't have access to that you might. Curious to see how the numbers look.
I think it's tempting to create a strawman here and assume anybody who things Boals' salary is too high knows nothing about sports. But I think it's pretty reasonable to wonder what Ohio University in particular gains by paying Boals what we pay him.
For instance, on market factors: how do you define our market? Is it all of D1 basketball? Just our conference? Just mid-major schools? Just schools with similar basketball budgets? This list is dated by about three years, but why is Boals paid so much more than Groce or Miami's coach, and 2x some Conference USA teams? What market factor dictates that?
In the business world, you're typically advised to keep your payroll below 25% of your revenue. The latest revenue figure I could find for OU basketball was 2.8m a year. That means we pay a single person 25% of revenue. How does Groce, specifically, increase revenue. Is attendance up meaningfully? Is revenue?
Very curious because I've been wondering this for a while.
Edit: Found another source:
https://www.midmajormadness.com/2018/6/11/17441968/ncaa-r... .
There seem to be a lot of schools who have substantially higher MBB revenue than us, with coaches paid substantially less. In fact, Boals' salary is a pretty big outlier in the market. Toledo's revenue is basically the same as ours, their coach made over 200k less. Rhode Island and George Mason have more revenue (by about 50%) -- Boals makes almost 2x what their coaches make.
Not sure I'm seeing the market forces/revenue argument here.
Last Edited: 10/3/2023 2:07:26 PM by Bobcat Love's Sense of Shame