So, here are some figures I pulled recently from a few sources. You can find different sources with slightly different figures, but in general they are pretty close. Budgets of some of our recent opponents in men’s basketball. It’s easy to say go get another coach. Where is the money going to come from?
In 2016-2017 the total budget for Penn State Men’s Basketball was $6,061,590. Pat makes $900K in salary.
Archie Miller is making $3.2 million in salary at Indiana. The total budget last year was $13.4 million—more than double what we spend.
Virginia Tech in 2016-2017 had a total budget of $9,892,883.
NC State in 2016-2017 had a total budget of $9,638,081.
Bradley is a private school, hard to get numbers. But it looks like in 2013 when they hired their current coach, they were spending $3.8 million annually, and expectations that spending was going up to compete with Witchita State in their conference, whose head coach is making $3.5 million this year.
DePaul is 2016-2017 had a budget of $5,533,711.
From a couple of years ago:
B1G MEN’S BASKETBALL EXPENSES 2015-2016
Michigan State $14,371,905
Indiana $12,272,275
Wisconsin $9,834,447
Ohio State $9,558,478
Michigan $8,920,109
Minnesota $8,204,513
Northwestern $7,668,723*
Maryland $7,622,707
Iowa $7,518,540
Nebraska $7,395,847
Illinois $7,321,390
Purdue $7,270,643
Rutgers $6,147,089
Penn State $5,813,915