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Mark Alarie, WG’95,
From Basketball to Business to Coaching –
And Back to Business
It’s not as if Mark Alarie hadn’t
had a fulfilling life. He’d been on
the cover of Sports Illustrated in
1986 as his Duke University basketball team blitzed to a 37-3 record
before falling to Louisville in the
NCAA finals.The All-Atlantic Coast
Conference forward then spent six
seasons in the National Basketball
Association with the Denver
Nuggets and Washington Bullets.
Following his basketball career,
Alarie came to Wharton and got his
MBA in 1995. He went into institutional sales at Alex Brown covering the Southeast United States
and settled into a comfortable home life in Bethesda, Md., with wife
Rene and newborn Isabella. The cup was looking fuller and fuller.
But there was a little itch that Alarie couldn’t scratch.
A good number of his closest friends and mentors at Duke –
Tommy Amaker, David Henderson,Quin Snyder, Johnny Dawkins
and,of course, his own Duke coach Mike Krzyzewski - were coaching college
basketball. “I always kind of dreamed about leading
a team as a coach in Division I college basketball,” said Alarie.
“I thought constantly about what I would do and how I would do it.”
His chance appeared when he read about an assistant basketball
coaching job open at the U.S.Naval Academy. Though he was earning mid-six
figures at Alex Brown, Alarie threw caution to the wind
and applied enthusiastically for the job – which paid in the low five-
figures. By April 1999, it was his.
Alarie commuted 45 miles each way from Bethesda to Annapolis
to help coach Don De Voe lead Navy to a 23-6 record before the team
lost in the Patriot League championship game to Lafayette. Sports
Illustrated featured Alarie in its “Catching Up With …” feature this
winter. By all appearances, Alarie seemed on a clear path to a life far
removed from the business world.
But within a few weeks of the season’s end, Alarie announced his
resignation. In short, he says, he found he didn’t have enough of the
right stuff. “It’s hard to sum up in two sentences or less,” he says.
“College basketball happens to be a very confined environment. It is
difficult, if not impossible,to be entrepreneurial, to build something
that hasn’t been built before. There is a heavy-handed regulatory
association – the NCAA – and it is very conservative by its nature.
“But all that aside, I think the most difficult hurdle is the fact
that I am a 36-year-old man who has a relatively broad variety of
experiences and I was starting on the lowest rung of the ladder in
coaching,” he says. “It takes a while to work your way up and I
hope I am not being impatient. I needed to be 100 percent certain
that it was the path I wanted to follow. I came to the conclusion that
it simply wasn’t.”
De Voe indicated it was purely Alarie’s decision to leave, that he
had not been pushed out of a job. Alarie said, in turn, that he was
happy De Voe gave him the opportunity. “The preparation for the
season and the games, that was the real joy of coaching,” says
Alarie, who grew up in Scottsdale, Ariz., but now considers himself
an East Coast kind of guy. “Working with the kids who were here,
that was terrific.
“But it takes a particular type of individual to be a successful
head coach,” he says. “And I’m making an honest assessment that
I don’t see them in myself.”
Alarie plans to do something entrepreneurial, perhaps with some
fellow Wharton classmates.
“I’ve always thought the biggest mistake I could make in my life
is not to be adventurous,” he says. “I want to find passions. I find
that in my family and friends, as most people do. But aside from
that, I want to find whatever else that I can hop out of bed for
and feel excited about. Even after a good year, though, I found
it wasn’t coaching.”
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