Disclaimer -> I've got two degrees from UMN but have lived/worked near Des Moines for 25 1/2 years.
At age 49, I do remember when Notre Dame was one of the 'plum gigs' in America. In 1984, it was a step up for Lou Holtz to move frim Mpls to South Bend. But now? An wful lot has changed since 1984.
I *honestly* question why Ferentz (or anyone) would consider a move from Iowa to South Bend as a step up? Do any/all of you honestly consider Notre Dame to be a superior program to Iowa any longer? I don't. Frankly, the only program that ND is superior to in the B10 is Indiana, or maybe also Northwestern, anymore. That's imho of course.
Depends on what what means by "plum." I think it is always going to be a top-tier program with top-tier athletes. They have a national fan base and a Notre Dame education (and the post-graduation network it provides) is top-notch. Hence, they are always going to recruit fairly well and, by that, should be able to provide an on-field product with a more-than-reasonable chance for success.
Plus, the coach at Notre Dame instantly becomes a celebrity (except maybe for Gerry Faust). They are going to be very well paid and, again with the national fan base, be the subject of fairly intense football interest. Notre Dame football, given its tradition, is something people pay attention to.
The downside of course is that with such an intense following, especially among wealthy alumni, every coaching decision is dissected and scrutinized. As I said in an earlier post, nothing short of a national championship is viewed as a disappointment by a certain segment of the fan base. In other words, it's a tough place to coach.
I could see Pat Fitzgerald ending up there. He's probably what that program needs. Bright, energetic, young guy with an obvious passion for football. Ara Parseghian is another guy who went from Northwestern to Notre Dame and did a marvelous job with the Irish (of course, it was the 1960s through the early 1970s), so the precedent is there.