College football coach takes $300k pay cut

Fresno State football coach Pat Hill will take a more than $300,000 cut in guaranteed pay in 2011, an extraordinary concession to a school budget stretched thin by the troubled economy. His guaranteed take of $650,000 remains considerable, but he’ll have to cash in heavily on incentives to match, or even approach, his nearly seven-figure earnings in 2010. It’s part of a move by Fresno State to a more conservative, performance-based approach to compensation that a few schools across the nation have taken with newly hired coaches. — USA Today