The problem is that the money isn't coming from the state for most of these factories. It's coming from booster donations and outside revenue. It's amazing that people think that schools are coming out of their overall endowments to fund athletics. The only major contribution the school makes is from student athletic fees, and even that is a pittance to the money that comes in from donors, TV deals, etc.Tax money from state sponsored universities that are committed to football as a top priority. Notre Dames with their massive endowments and contributions the only exception.
Notre Dame, due to their position as THE major catholic university has a donor pool that gives them a fighting chance. The problem with Miami is that there's isn't a T. Boone Pickens coming out of left field, nor is the donor pool large enough(Nor engaged enough) to make up that lack of a major donor in the aggregate. The "Fanbase" has shown that they won't donate, even when times are good, so the school is in a tough spot. That said, Miami should still be better than 7-5 this year, and that's on Richt. Take the money you do have, and go find some guys. It's not going to be as easy as what USC did, but it's workable. Miami can't spend like the New York Yankees, but there's a way to get the most out of what you are paying.