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Who pays the coach, and what for?

Mark Yost looks at college football coaching salaries in today's WSJ, with an assist from a TSE post by Phil Miller. He also relays a nice quote from Ohio State legend Woody Hayes, summarizing the pay difference between him and a professor: "I can do your job, but you can't do mine."

In both college football and basketball, the ability to recruit, train, and strategize define the value in a top coach. But what about the NBA, where cash does your recruiting, the talent is already developed, and nobody takes the game seriously until the last half of the fourth quarter? As Craig Newmark notes, "more research is needed."