[ams6110]

However, unlike most public employees, they are always one or two bad seasons away from being fired.

A typical public sector job, particularly a university job, is almost the closest thing you can get to lifetime assured employment (most often at a salary that's not great, but with very good benefits and enormous amounts of paid time off).

Coaches though are much more accountable for their performance. If they don't win games, they get fired.

Edit: also it's only the head coaches of elite revenue-generating football and basketball programs that are very highly paid. The coaches of non-revenue sports have much more modest salaries.

[mikeyouse]

Also unlike most public employees, they are typically entitle to massive buyout clauses if they are fired. For instance, UCLA's new men's basketball coach would be entitled to $10.4mm if he were fired prior to 2016.

1. http://www.sbnation.com/college-basketball/2013/7/9/4505884/...