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Saturday, February 10, 2018

More on Athletic Salaries at Louisville

University of Louisville Interim Athletic Director Vince Tyra cut his own salary this past week -- from $1.2 million a year to "only" $850,000. Sports columnist Tim Sullivan notes that this might make him more likely to land the permanent AD job. Readers may remember I commented about the $1.2 million salary already.

In any case, that first linked story above included Tyra's reasoning for slicing his own salary to $850K:
Tyra said that in examining the athletic department's costs, he looked up the salaries of the other athletic directors in the ACC and averaged the top three, which generated $854,000. As a result, he said he asked to have his salary lowered from $1.2 million to $850,000.
Today, I had a back-and-forth discussion with Sullivan on twitter concerning Tyra's status and pay:
When the University was increasing faculty salaries a couple of years ago, no one was paid a new salary obtained by averaging the three highest paid comparable position salaries in the ACC. For one thing, UofL salaries were far under baseline school comparisons and the increase only resulted in salaries that were slightly better than before. Faculty in Arts and Sciences are still paid well below their peers -- especially compared to the highest paid ACC faculty, which tend to be at the private schools. And of course those were the last raises faculty received unless they were promoted in rank -- or managed to get a competing job offer.

Sullivan also pointed out that my thinking didn't account for Tyra's business experience. He asked, via twitter, "If Bill Gates wanted the job, would you pay him as an entry level employee?"

I replied:

Sullivan replied to my first question by linking to a 2010 NY Times article noting that a number of schools have hired ADs from business.

As for the market value of the ADs, I found this:
So $850,000 per year for a novice AD still seems outrageous to me. I know the data is 4+ years old, but consider this quote from the article: "many of them are paid like CEOs, with many making salaries in the high six figures. A handful even make more than $1 million a year."

Again: Many paid like CEOs. Many in high 6 figures. A handful over a million.

Yet, that has been Vince Tyra's starting salary level.

College Sports at UofL remain broken.

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