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Georgia Tech Basketball: How much does it cost to win in the ACC?

I started to read Paul Hewitt's contract the other day. It's a pretty interesting document that really gives him a lot of leverage. He makes around $1.35 million per year with this deal and is guaranteed six years at this rate for a buyout ($8.1 million). So I wanted to kinda see how much it's cost Georgia Tech since 2004 to get an ACC win.

Before Hewitt's raise after the 2004 Final 4, he was making $225,000 in base salary and about $350,000 in bonuses and appearance fees. His initial 2001 salary at Georgia Tech was only $150,000 per year. So for argument's sake, let's say Hewitt averaged around $500,000 with additional compensation during the 2001-2004 ACC seasons. That averages to about $60,000 per win. Hewitt's record in ACC play was 33-37 (47.1%) over this span.

Insert new Dave Braine contract at an average of $1.19 mil per year.

Hewitt's cost per win jumps from $60k to $166k. His 2005-2010 ACC record of 43-66 (39.4%) is worse than when he had his cheaper contract. Not only is each win 52% more expensive for the GT Athletic Association and the GT fan base but it's also harder to come by wins since that faithful contract extension in mid-2004.

I guess the next logical step would be to compare Hewitt's salary/record with other ACC coaches during his tenure. I'm sure we'll find some interesting comparisons. According to the Charleston rag, Oliver Purnell made roughly $700,000 per year during his tenure at Clemson. This equates to about $98,000 per Clemson ACC win.

Everywhere I look for Roy Williams numbers, I find really odd figures and vague information so we're going with an average of $1.9 mil per year from assorted sources. UNC's cost per ACC win: $173,000. That's a little less efficient than Georgia Tech but they've also won a couple national titles in there to keep the moneys flowing.

Gary Williams has had several big raises. It was hard to find much on Williams beyond 2002 so I went with an average salary of $1.2 million meaning the University of Maryland averaged $137k per ACC victory since 2002, which is markedly better than Tech and UNC.

I guess Coach K is the King Ding-a-ling of the ACC but it's hard to find accurate salaries for him as sources say he makes anywhere from 3-4 million per year. The odd private school rules make researching Coach K pretty hard as the "arms race" in coaches' salaries has really pushed K's salary into another dimension. Either way, he's worth whatever exorbitant amount of money they throw at him.

The only other teams I wanted to spend time on were VT and NC State. Seth Greenberg made roughly $112,000 per ACC win over his run at Virginia Tech. Sidney Lowe makes a laughable $150,000 per ACC win. Hopefully, this gives you a little perspective into the contract of Paul Hewitt and some other ACC coaches.

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It is only a matter of time before

you hear someone quip on here, “Hey, I would take half of Hewitt’s salary and still probably win 39% of the time in the ACC.”

The modern rule of CEO’s in the big time is that we pay more for reputation and experience than we pay for results. But don’t get me started. :-)

by Atlanta's original team on Jan 7, 2011 10:16 AM EST reply actions  

This is sad

Please, continue to give me more reasons to not watch or invest myself in GT men’s basketball….

"You could spend the next fifteen seconds of your life watching a man and a tiger scream together, or you could be an idiot."
Fact.

by Jesse28 on Jan 7, 2011 11:18 AM EST reply actions  

I think the money

is so amazing. Coaches have a lot of pressure but the money just seems ludicrous. Getting paid around 80k per game is awesome. A single game salary puts ACC coaches in the top 10% American tax bracket.

I write stuff From the Rumble Seat.

by BirdGT on Jan 7, 2011 12:04 PM EST up reply actions  

I know

It is pretty ridiculous. It just goes to show how quickly a school can get over-invested into one individual. I’m still trying to figure out how he duped us all. His con is soo good I’m betting Ponzi is impressed. I always told myself, “He’s got great recruits, they’ll develop, it’ll be 2004 again soon”. Ha!

"You could spend the next fifteen seconds of your life watching a man and a tiger scream together, or you could be an idiot."
Fact.

by Jesse28 on Jan 7, 2011 2:10 PM EST up reply actions  

maybe there's a lesson

Don’t get enamored with a coach. Let them move on if they want more money and trust in Atlanta’s recruiting grounds and Georgia Tech’s history. If only we could go back and tell everyone that…

I write stuff From the Rumble Seat.

by BirdGT on Jan 7, 2011 3:37 PM EST up reply actions  

Yeah

If only I could go back and tell myself. I pretty much defended him every year until last year when he ruined what was arguably our best team since ’04.

"You could spend the next fifteen seconds of your life watching a man and a tiger scream together, or you could be an idiot."
Fact.

by Jesse28 on Jan 10, 2011 9:34 AM EST up reply actions  

I see the issue

Right now Hewitt is one of the top dogs in dollars per win. If he had won enough additional games so that his winning percentage was 50%, his pay per win would have been less than Gary Williams. Clearly, the appropriate strategy is to increase Hewitt’s salary so that he can increase the win total without sacrificing his position in the dollars per win category.

And another thing, Hewitt’s salary looks good compared to the Johnson’s. This year, Johnson won only 6 games and I think his compensation was in the neighborhood of $2.3 million. That’s $383,000 per win. Johnson would have to win 14 games to get his pay per win to a level comparable to Hewitt.

by Dive Keep and Pitch on Jan 7, 2011 1:08 PM EST reply actions  

Don't worry

Once we pay the buyout price, his pay per win will be astronomical and will probably dwarf every coachin every sport ever.

"You could spend the next fifteen seconds of your life watching a man and a tiger scream together, or you could be an idiot."
Fact.

by Jesse28 on Jan 7, 2011 2:06 PM EST up reply actions  

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