Question 1: No. Those that spend, outperform. Those that don't spend, underperform. The job isn't attractive enough to draw someone capable of overcoming the lack of spending.
Question 2: No. The job of being a head coach is too difficult to rely on that person to also raise money. This responsibility needs to fall squarely on the shoulders of the AD. From what I can piece together, our AD is putting his best foot forward, but we have a long way to go just to catch up.
Could this get turned around and Akron becomes respectable? Of course it could. Wake Forest is having a Top 25 season with a cast off from UNC at QB, one future NFL receiver and a physical defense. None of this showed itself against the Zips. All of this has been strung together by a coach who is smart about how the money he does have gets spent. Can they win the ACC? Probably not, but at least everyone is talking about them in November. Akron could be a MAC program that at least MAC teams/fans must to pay attention to in November, but that will never happen with what they are spending.