Michigan and Texas have more money than god and they still suck. Money is not an issue. Sick of hearing about money. It's who you hire and how good they are.
Just because exceptions to a rule exist, doesn't make the rule less applicable. Michigan and Texas are wasting money, because they are spending it poorly. That said, they are also able to go out and spend to correct their mistakes easier than a school like Miami. Texas makes a **** poor hire, they can eventually overspend for the best coach on the market. That's what Alabama did with Saban. Miami makes a bad hire, it cripples the program for years, because Miami can't afford to just go out and overspend for the closest thing to a sure thing.
In order to overcome that systematic disadvantage, Miami MUST have an AD that is forward thinking, that understands how to find value in undervalued coaches. Sam Jankovich was great at using his connections to find guys like Jimmy and Erickson, guys that weren't the hottest names in the profession, but were legitimate coaches. If Blake James were forward thinking, Bill Clark, Willie Fritz, or dare I say Matt Campbell would be the coach at Miami right now, not Manny Diaz. Manny Diaz is the hire an incompetent, staid AD makes because he lacks the ability to think outside the box, nor identify coaching talent. Then again James was seriously considering Butch Davis when Golden was fired, so I'm not shocked. He makes moves to get heat off of him, not to put the program in the best position to win.
Honestly, I don't even blame Blake at this point, he is only doing what he is allowed to do. The athletically inclined members of the BOT have failed miserably, because they should have held James accountable the MOMENT he came into the room and even suggested Diaz, without calling a single qualified candidate. Marcus Lemonis and those guys should have basically laughed him out the room, before asking for Blake's letter of resignation.