Not really. They're a small private school that doesn't have much in the way of revenue. Fertile recruiting grounds or not, paying a top tier coach and a top tier staff is going to be a challenge for them, regardless of an Addidas deal.
I dunno for sure, but I'm kinda leaning toward the notion that UM may have more money than is commonly speculated. Again, per this Herald article, they're apparently willing to go north of 4 mil for the right head coach, Don't know what that means for overall staff budget, of course, but I'd have to think they wouldn't spend 90% of the available budget on a HC and 10% on all other staff combined...so at a minimum, a 4 mil HC would likely mean a 7 mil overall budget. Now, being "willing to spend" that much and actually spending that much are 2 diff things; we'll see.
"The donor said UM ended up eating $7 million by firing Golden on Sunday and not waiting until the end of the season. The buyout, the donor said, would have been about $4 million less had UM waited until after the season. But trustees, not James, the donor said, pushed the issue of firing Golden during Saturday's 58-0 loss to Clemson, the most lopsided in school history. That said, UM apparently had the money to do it and will have the money to offer its next coach upwards of $4 million a season, the donor said."....
Also, keep in mind that UM did sink 25 mil or so into athletic renovations over the last couple years, and has been in talks with Beckham and MLS to buy into a stadium (though it's looking doubtful that'll actually come through)...so it seems like UM has at least some money to spend.