There are a number of stories of guys who started outside of coaching in high-paying corporate jobs and bet on themselves by taking a low-level coaching job. I believe Brad Stevens is a prime example. Knight obviously is doing a nice job of distributing the bags of cash at Rutgers because we all know he was a below average recruiter when he was Jamie’s top assistant. I root for the guy, but he shouldn’t be in the Top 50 candidates for the Pitt job if/when Capel is done.
That's a different scenario. You're talking about someone outside the profession trying to break in.
For those already in the profession, I can't see many taking the kind of pay cut SMF is talking about.
It really takes a special breed to do what you're suggesting. It's an absolute brutal profession trying to work your way up starting out at as a student assistant or GA. I've personally known three friends who have coached in the college game. Ironically, the one who rode the bench in high school and never played college ball had far and away the most successful career. (currently a D1 HC). The others started out at their alma mater for the coach they played under. One is a HC at a small D2 school in South Carolina & the other is currently a successful high school coach in Little Rock, Arkansas. Lol - He was forced out of the college game really fast by his wife.