I agree with you in principle Aloha but a couple details I'd point out.
1. pay them anything they want category is top shelf only: Smart, Wright, Marshall
2. up and comers on a tier below like Archie, Mack and probably Manning clearly should be offered less
3. Howland is somewhere in between.
4. Manning is currently an asset of Tulsa. He's under contract there. We have to offer him a significant raise in addition to opportunity to get him to leave what has been a successful first head coaching job. He has to overcome the tightness he's developed with players, admin, community, etc. Yes, we will need to pay a premium compared to Tulsa to get him to move. That value would seem to be 1.5-1.8 M to me based on intuition only.
5. Whatever it takes to sign Manning is by definition the market price.
6. We've discussed that this is a crossroads for our entire basketball program. Hiring a completely unproven assistant with no HC experience would be beyond idiotic, even if it is frugal. Would be world class stupid.
7. We don't know what has already transpired with other coaches but would have to assume that every big name guy we want has either turned us down or been black balled by RW, NH or BOT and isn't an option. Therefore, splurging on Manning makes sense to me.
Also, I don't get the argument that we don't really want him because this isn't his dream job. He has been a successful hard worker at every stop in his life. Why would he not do the same here? It's not like he's going to start half-assing his new head coaching job because he isn't really sure about Wake Forest, didn't grow up a fan, thinks the academics are too hard or the city isn't hip enough. If he comes here, he'll go all out because he's a winner.