Did Hobbs overpay?

[LukeRU90]

Have any details been released about the $1.6 million/year for the new hire? how much is base, how much is incentive? Did Hobbs overpay to get this guy? Here is what I could dig up on Pikiell's current salary, from http://www.nycbuckets.com/head-coach-contract-tracker/:

• Stony Brook – Steve Pikiell – contract [PDF]
  • $314,000 base salary, through 2017-18 season

Is a 500% increase in salary what it took to get a guy to the Banks to leave Stony Brook? is he really that good? I'd like to think Hobbs knows what he's doing here but this seems extreme.

 

[Jackson206:)]

No.

 

[TDIrish27]

If EJ got his 1.2 million it's pretty hard to make a case for his replacement who has a track record of success not making more .

 

[MikeR0102]

No one was coming here for less than the previous coach made. Let me clarify, no one good.

Is he good enough to be a B1G head coach? Well the proof is in the pudding.

 

[jmc11201]

I don't know. If you can tell me what the alternatives were and what Pikiell would be willing to come here for, then I can provide an answer.

On the surface, it looks like it. At the same time, we don't know who/what were the options, and it looks like the salary matched Richard Pitino, at Minnesota, for the lowest salary in the Big Ten...so maybe, maybe not.

 

[bethlehemfan]

What he was making is irrelevant

 

[MADHAT1]

He got payed the rate that was acceptable for a major basketball conference HC .
Low-ball your offer and you'll not get the ones that believe in themselves, but the pick up bucks while your being offered more than your making now types.
You want the ones that feel their worth what their peers are making and B1G MBB HCs are
Pikiell's peers now.

Rutgers usually chooses those who'd work for less and that's what put RU MBB in the position it is now.
Jordan got more than most RU MBB HCs got paid , but that was also because RU needed
good PR after the Rice fiasco and Hurley turning them down to replace Rice.

 

[RU MAN]

No. This is a solid going rate and I believe that Pikiell has paid his dues. Forget about what he was paid at Stony Brook. He's in the big boy conference now and is entitled to the money.

 

[RU Husky]

Bring back Julie

 

[RAA-1]

We had to pay to get a coach to take a chance on us. Just look at our history with how long coaches have lasted at RU - none have made it to the end of their contract.

 

[AreYouNUTS]

Absolutely not.

 

[cRURah]

Rutgers is finally paying competitive salaries. Not the highest salaries but market rates. Smile and be happy.

 

[JQRU91]

On the one hand, it does look a bit like Hobbs is overpaying because of the steep jump in salary. But on the other hand, you have to consider that Rutgers has been a virtual graveyard for basketball coaches. It makes sense that a coach coming in would want enough of a payday to get some financial security in case this job doesn't work out.

 

[KnightFan]

Think of it as a minor league baseball player getting called up to the majors

He automatically jumps up to the mlb minimum - it doesn't matter if he was making 2k a month before

Hopefully we are the major leagues

 

[RU-Choppin-Ohio]

Rutgers is finally paying competitive salaries. Not the highest salaries but market rates. Smile and be happy.

Absolutely and it sends a message to all of College Basketball that Rutgers is serious.....the next step is higher assistant coach salaries.....then, the practice facility. It's a process to change the negative perception about Rutgers being serious about Basketball.

 

[Mr. Magoo1]

This is not at all a knock on Pickiell since I'm totally on board. However, at first glance it looks like we overpaid for the coach that we got. However, since the job is not a desirable one, we had to pay more. A school like Pitt could offer Pickiell less but they can (and should) hire a more desirable (and more expensive) name as coach.

Therefore, I don't think we overpaid. The contract also shows we are serious and are trying to compete in the B1G. Honestly, i wouldn't have cared if we did overpay. We have to finally fix this program.

 

[RUskoolie]

Every day on this board I read something that makes me want to put my head through a wall.

 

[vascosg]

He was paid the minimum for a B1G coach, I expect him to earn the high end in 5 or 6 years, at least double his current pay. To the victor goes the spoils.....

.:smiley:

 

[rufeelinit]

Legitimate question. Based on his prior salary, it is certainly quite an increase. You wonder if 5 for $7.0MM would have gotten it done. Remember EJ was making about $400K and then got 1.25MM from RU which was quite an increase as well for a guy with seemingly no other offers. If you look that the B1G pay scale, then the salary is more in line with the lower to middle of the pack make from what I understand. Maybe Rutgers has to pay a premium given the current reputation of the program. The question is whether he is the right guy to give such an increase to. Is it likely he gets hired elsewhere this year if we don't pounce? Not clear to me that is the case. Would Pitt consider him? Sounds like he turned down unknown offers during his time there. He was making a relatively low salary because of where Stony Brook resides in the basketball world conference wise and he was there 11 years! No one will care if he is the right guy but perhaps a word of caution in that his first three years at Stony Brook when that program was in similar shape as ours today, the record was in EJ territory. Perhaps the trend line was better since the first year was 4-26. Some patience (hard to have at this point) will be required but hopefully after three years, progress will be easy to see. I am hopeful he becomes our John Belein.

 

[NBKnight]

Every day on this board I read something that makes me want to put my head through a wall.

Lol.

You can't look at what someone made at another position. Then key is what is the range for the position he was hired.

 

[RUtrumpet92_rivals498139]

No, we did not overpay. Even if we did by 150k per year, that is not a big deal in the overall athletics budget. If he is successful, we will consider him a bargain at this price.

 

[willisneverrana43]

Have any details been released about the $1.6 million/year for the new hire? how much is base, how much is incentive? Did Hobbs overpay to get this guy? Here is what I could dig up on Pikiell's current salary, from http://www.nycbuckets.com/head-coach-contract-tracker/:

• Stony Brook – Steve Pikiell – contract [PDF]
  • $314,000 base salary, through 2017-18 season

Is a 500% increase in salary what it took to get a guy to the Banks to leave Stony Brook? is he really that good? I'd like to think Hobbs knows what he's doing here but this seems extreme.

Please list all the coaches in the B1G, good or bad, who are making less?

 

[Scarlet Pride]

When you accept a new job do you want them to pay you based on what you made before for a different job or on the actual job you will do now? I certainly wouldn't take a huge upgrade of a job and let them pay me less than market rate.

 

[LukeRU90]

We had to pay to get a coach to take a chance on us. Just look at our history with how long coaches have lasted at RU - none have made it to the end of their contract.

Unfortunately, I agree with this. Hopefully Pikiell will change the perception that Rutgers is the place where BB coaches go to die. I'm hoping that a good chunk of the $1.6 is incentive and not all base, however.

 

[LukeRU90]

Every day on this board I read something that makes me want to put my head through a wall.

Clearly this is gas on some some people's fires, water on others. Sorry, this year of RU BB and FB has killed my optimism. I was really hoping someone would know something about the base/incentive breakdown.

 

[NBKnight]

Clearly this is gas on some some people's fires, water on others. Sorry, this year of RU BB and FB has killed my optimism. I was really hoping someone would know something about the base/incentive breakdown.

My assumption is that the $1.6M is mostly if not all base. That is the way these things work.

 

[c10j10s]

OP reminds me of a customer I deal with at my place of work. We call her "guaranteed question." She comes in and buys the same thing every day, but if she sees an employee walking around she'll think of a random question to ask. Not because she's actually interested in the answer, but because she has the incessant need to ask pointless questions.

 

[RU-ROCS]

We paid what we had to pay. If you want to call it "overpaying" then it's because RU is perceived as a coaching graveyard with a 25-year run of futility without a sniff at the NCAA's.

 

[Cofifa]

Have any details been released about the $1.6 million/year for the new hire? how much is base, how much is incentive? Did Hobbs overpay to get this guy? Here is what I could dig up on Pikiell's current salary, from http://www.nycbuckets.com/head-coach-contract-tracker/:

• Stony Brook – Steve Pikiell – contract [PDF]
  • $314,000 base salary, through 2017-18 season

Is a 500% increase in salary what it took to get a guy to the Banks to leave Stony Brook? is he really that good? I'd like to think Hobbs knows what he's doing here but this seems extreme.

nothing to do with Rutgers just a sad commentary on the priorities of our culture in general....

 

[BigEastPhil]

Legitimate question. Based on his prior salary, it is certainly quite an increase. You wonder if 5 for $7.0MM would have gotten it done. Remember EJ was making about $400K and then got 1.25MM from RU which was quite an increase as well for a guy with seemingly no other offers. If you look that the B1G pay scale, then the salary is more in line with the lower to middle of the pack make from what I understand. Maybe Rutgers has to pay a premium given the current reputation of the program. The question is whether he is the right guy to give such an increase to. Is it likely he gets hired elsewhere this year if we don't pounce? Not clear to me that is the case. Would Pitt consider him? Sounds like he turned down unknown offers during his time there. He was making a relatively low salary because of where Stony Brook resides in the basketball world conference wise and he was there 11 years! No one will care if he is the right guy but perhaps a word of caution in that his first three years at Stony Brook when that program was in similar shape as ours today, the record was in EJ territory. Perhaps the trend line was better since the first year was 4-26. Some patience (hard to have at this point) will be required but hopefully after three years, progress will be easy to see. I am hopeful he becomes our John Belein.

What jobs did Pikeill turn down? I was curious on this matter as he spent 11 years or so at Stony Brook and given his record the last 6-7 years - one would think some schools would court him - such as an A-10 program etc.......

 

[MCKnight]

I'd also like to know that Phil

If I were to guess, you'd think locally Marist and Fordham had to be two showing interest in him as they've had changes in recent years, maybe Siena and Buffalo

 

[MADHAT1]

Never know who reaches out unofficially , but lets just be glad Hobbs went official and now he's the RU MBB HC.

Why is it every-time something nice might be happening some good RU fans look for something negative about it.
Guess RU MBB been down so long that something good coming the program's way must have a catch and we better worry about it.

In other words: If the Sky isn't Falling, that's a bad sign [laughing]

 

[willisneverrana43]

Clearly this is gas on some some people's fires, water on others. Sorry, this year of RU BB and FB has killed my optimism. I was really hoping someone would know something about the base/incentive breakdown.

At some point, maybe tomorrow, the contract will be made public and you can read it if you like. Eddie's was available to be read. Then, or maybe earlier, you will learn that we are paying our men's basketball coach less than all teams in the B1G are paying theirs or, if not, close to it. At that point, you'll be faced with a decision on whether to follow college basketball anymore, because criticizing a program for paying its coach less than every team in its conference, or darn close to it, is not a real criticism at all. If you don't like the amount, you just don't like the way major college basketball operates.

 

[rufeelinit]

Does anyone really like how college sports and basketball in particular operate? Everyone seems to acknowledge its a pretty sleazy business. I think many tolerate it or choose to not to look behind the curtain.

 

[rufeelinit]

I'd also like to know that Phil

If I were to guess, you'd think locally Marist and Fordham had to be two showing interest in him as they've had changes in recent years, maybe Siena and Buffalo

The articles in newsday were not specific just mentioned he had less compelling offers to leave previously but enjoyed stony brook too much to leave for positions some may have considered laterals.

 

[Jtung230]

Can you provide avg salary for P5 basketball coaches? Can you also provide the mean? This is a simple math question. The only thing that bothered me was the term but don't think we had a choice.

 

[dpwhite]

Can you provide avg salary for P5 basketball coaches? Can you also provide the mean? This is a simple math question. The only thing that bothered me was the term but don't think we had a choice.

5 years bothered you? That's SOP with every coach. If you don't give a coach 5 years, you're essentially telling recruits you don't trust the guy you hired.

 

[RUFAN4LIFE!]

This is an interesting question, but in light of what TCU just shelled out to get Jamie Dixon, I would have to say that Hobbs did not overpay in general. The better question is, did Hobbs overpay for what he got? Only time will tell. Pikiell has an enormous job in front of him.

 

[srru86]

 

[seels2662]

I wonder if Oklahoma St fans are wondering if they overpaid for their SFA coach