Yesterday, we ran a post regarding the recent lay-offs among the Cleveland Browns staff. While the reasons for this cost cutting mechanism can be debated until Randy Lerner holds a press conference, things are not much better in the state up north. National unemployment is hugging right around seven percent, but Michigan as a standalone is reaching a rate of 11 percent.
So you can imagine the reaction towards the fact that a coach of a three-win football team cost a state university $6.6 million dollars. [Read more...]
