Unless it's a conference championship, where you finish in conference means nothing without a tournament run.
That's just my opinion, but you are dumb if you disagree with it.
what does a tournament run mean if you don't win the championship?
A tourney run means a lot because people believe it means a lot. Just like the dollar bills in the coach's pockets.
That's a good point for a sitting P5 coach. But not really relevant when evaluating candidates for open P5 positions. John Groce immediately comes to mind.
Having sweet 16s or better means a hell of a lot for the coaching market! Look at brad underwood, or even better, Shaka Smart. Shaka to VCU didnt happen because of VCU regular seasons (and look those up by the way).
As long as that is the currency of the market, you better know it. If your point is that we should look for diamonds in the rough, then I guess I'd like to see a few names of coaches to look at that.
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Oh I think AD's should be aware of what a tourney run does to a coach's value but not hire a coach based on such runs, because luck is a much larger factor in 1-2 games. It's not about finding diamonds in the rough, it's about avoiding mistakes like John Groce. (I keep repeating him because he's the only one I can come up with off the top of my head)
What made Underwood a great candidate was how he dominated his conference for three seasons, not his single win over West Virginia. Scoring one more basket over Notre Dame would have been completely irrelevant to Underwood's ability to build a program.
Kevin Keatts is an example of someone who may be undervalued because of no NCAA wins, even though he took over a shitty program and won conference regular season titles in years 2 and 3. Just one win would make him a lot more valuable on the market (at least in the eyes of the media, which also influences the market). I also think a guy like Dan Muller at Illinois state will be way undervalued because he didn't make the tournament at all (and went 17-1 in conference!) His conference record has improved every year as well. There's likely others out there.