Former Wall Street CEO Joe Moglia is the kind of football coach Syracuse should hire

Syracuse fired head coach Scott Shafer on Monday, following an eight-game losing streak and a 3-8 start to the season after Shafer went 3-9 in 2014. Here’s the breakdown of Shafer’s record in three years with the Orange:

It’s fair for Syracuse to want more than simply beating Wake Forest (Shafer’s biggest strength, as noted by Sports on Earth’s Matt Brown). However, by hiring another Scott Shafer — i.e. another coordinator or MAC coach who is probably just fine as a football coach — the Orange aren’t going to get much better. The market for new coaches is already insanely crowded, and our analysts rank the Syracuse job 10th out of 13 open positions, with many more likely to come.

Syracuse hasn’t finished ranked in the AP Poll since 2001 and has only finished with three winning records since then. This is probably never going to be an ACC power, but much like Iowa State in the Big 12, Syracuse is not going to have a chance to compete if it tries to do the same thing as everyone else.

The answer? Go outside the box and hire someone who can energize the program in a way a 9-3 MAC coach never could. That makes Coastal Carolina’s Joe Moglia the perfect choice, and according to SI’s Thayer Evans, Moglia might be considered.

Moglia is best known as the former CEO of TD Ameritrade, who has made over $150 million in the business world. But in four years at Coastal Carolina, he has proved himself to be just as good of a football coach, leading the Chanticleers to a 41-12 record and at least one win in three straight FCS playoffs, with a chance at more this year. And it’s not like Moglia is just coasting with a top program. He won more games in his first season than the Chanticleers had won in any of the previous five.

Moglia also has big-time football experience, having been a volunteer assistant coach for Nebraska under Bo Pelini. And according to SI, he has endorsements from former Stanford athletic director and current Big 12 commissioner Bob Bowlsby, plus Nebraska coaching legend Tom Osborne.

Moglia adds other dimensions that seem to fit Syracuse perfectly. As the coach of an academically minded private school, he could sell the educational aspect in recruiting. He has the personal connections to sell success in the business world, and he that approach can give him a leg up on other schools in the ACC when battling for recruits who want to hear about the academic side of the equation.

At Coastal Carolina, Moglia has presided over the program’s upcoming move to FBS, and that could be invaluable for Syracuse, which is reportedly looking for a new stadium. Moglia could be a great figurehead to deal with boosters, who are the lifeblood of the program.

Just look at how he spent last offseason. It’s the perfect combination of dealing with football and business, something boosters could certainly appreciate.

I’ve had a handful of speaking engagements I feel pretty good about. I was the keynote speaker at the C-100 Chief Executive Forum that took place in New York. I was a keynote speaker to the ACC Football Officials that had their conference down here in May.

Moglia also has ties to the region, even beyond Wall Street. He’s from New York, went to Fordham and was a defensive coordinator at Dartmouth before leaving football to get his start in business.

Syracuse can hire a lot of people who have won at lower levels, like Moglia. But with Moglia on board, the Orange could get a potential x-factor off the field that nobody else in the ACC has.