TALLAHASSEE -- According to a report from the people at Forbes, Florida State coach Leonard Hamilton is a valued commodity in the college basketball coaching world.
In a report published Monday, Hamilton ranked as the 17th-best coach in the country for the money. There are more than 340 Division I basketball programs in the nation. Only North Carolina's Roy Williams was considered a better ACC coach for the money.
St. Bonaventure's Mark Schmidt, a coach Hamilton beat in the first round of last year's NCAA tournament, ranked first among high-major coaches. In addition to reaching the NCAA tournament, the Bonnies won the Atlantic 10 conference championship by getting past perennial favorite Xavier.
Mind you, this list isn't making a case for how good any of the coaches on it are. It specifically measures the coach's value to his school based on the success he has enjoyed during the last two seasons.
The folks at Forbes said that in compiling the list, they ranked coaches and their wins and losses with respect to the resources they have. To that end, the list was based on evaluating the school's "cost per win." The calculations involved dividing the total number of wins each program had over Division I opponents during the 2010-11 and 2011-12 seasons by that same program's basketball budget for the respective seasons. Forbes said this was to create an equation in which the resources were used as a variable that was divided over a constant denominator: wins and losses against the same pool of competition.
To more adequately demonstrate the findings, Forbes divided programs into high-major and mid-major categories. Due to their inherent nature of being smaller schools with smaller endowments and athletic budgets, mid-majors fell considerably short of their high-major counterparts with respect to their basketball budgets, the report found. There was a difference of more than 300 percent between the highest cost-per-win on both levels.
According to the report, Hamilton's cost-per-win is $248,319 for the last two seasons. He had 48 wins in those two years, including bringing FSU its first ACC championship, and a Round of 32 NCAA tournament berth. Last season was the fourth straight year the Seminoles had been to the Big Dance.
So far this season, a different story appears to be getting told for the Seminoles. They are 11-8 overall following Sunday's 24-point loss on the road at Miami. They are 3-3 in conference play ahead of a pair of tough home ACC games this week. On Wednesday, FSU hosts Maryland -- which it beat on the road earlier this season, 65-62. The Seminoles welcome No. 5 Duke to Tallahassee on Saturday afternoon.