College Football Success and the Coach's Tenure and Pay

Football head coach pay at the college level has risen dramatically over the past decade. At the same time, football head coaches have experienced an average tenure of 4-5 years. This leads to the natural question are these relatively quick hires good for the team and can they also bring quick success? We first investigate the determinants of head coach pay by using common variables, and one new variable not found in the literature. We then use these estimates to determine if a new head coach can bring relative success to their team compared to longer tenured coaches. To accomplish this we use Las Vegas spread data and implement logit and fractional logit models.