Jim Harbaugh is making $7 million at Michigan this season, including a $2 million one-time signing bonus, and Urban Meyer is making $5.86 million for defending national champion Ohio State. USA TODAY Sports asked Wisconsin chancellor Rebecca Blank what she makes of Big Ten peers who are paying their coaches so much.
“Those are the choices they make,” she said in an interview for a story about coaching salaries. “That really begins to threaten the whole sense that we are not professional athletic teams. I’m not terribly happy about the fact that they made those choices. That’s my opinion.”
Blank understands market forces. She was acting secretary of commerce in the Obama administration and holds a doctorate in economics from MIT.
Nevermind that Harbaugh has likely, through ticket sales and merchandising, already generated revenue in excess of his total contract. Also ignore the fact that paying Harbaugh his market value has ZERO impact on the Unversity's academic side of the coin.
If you can forget those two factors, she has a fantastic point.