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Is Phillip Fulmer over or underpaid?

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This, from USA Today:

School
Coach
2007 Total
2007 Wins
Cost per win
Alabama
Nick Saban
$3,503,200
6
$583,867
Florida
Urban Meyer
$3,383,500
9
$375,944
Auburn
Tommy Tuberville
$2,625,000
8
$328,125
Mississippi
Ed Orgeron
$900,000
3
$300,000
South Carolina
Steve Spurrier
$1,772,500
6
$295,417
Tennessee
Phillip Fulmer
$2,050,000
9
$227,778
Georgia
Mark Richt
$2,024,700
10
$202,470
LSU
Les Miles
$1,816,000
11
$165,091
Arkansas
Houston Nutt
$1,251,144
8
$156,393
Kentucky
Rich Brooks
$1,056,684
7
$150,955
Mississippi State
Sylvester Croom
$975,000
7
$139,286

So The Papa is the fourth-highest paid coach in the SEC and a better "value," this season anyway, than Saban, Meyer, Tuberville, Orgeron, and Spurrier. On the other hand, both Richt and Miles won more games and were paid less (per win and total).

So what's it all mean?